Negative interest rates policy and banks' risk-taking: Empirical evidence

被引：28
|
作者：
Boungou, Whelsy [1 ]
机构：
[1] Univ Bordeaux, LAREFI, Bordeaux, France
来源：
ECONOMICS LETTERS | 2020年 / 186卷
关键词：
Negative interest rates; Bank risk-taking; Difference-in-differences; MONETARY-POLICY;
D O I：
10.1016/j.econlet.2019.108760
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using a panel dataset of 9421 banks from 59 countries over the period 2009-2018 and a Difference-in-Differences estimator, this paper aims to assess the effects of negative interest rates on banks' risk-taking. We find that banks' risk-taking has been lower in countries where negative rates have been implemented. This effect depends on the characteristics of a country's banking system, namely the level of capitalization and size. (C) 2019 Elsevier B.V. All rights reserved.
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页数：3
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