Negative policy interest rates and exchange rate behavior: Further results

被引：12
|
作者：
Thornton, John [1 ,2 ]
Vasilakis, Chrysovalantis [1 ,3 ]
机构：
[1] Bangor Univ, Sch Business, Coll Rd, Bangor LL57 2DG, Gwynedd, Wales
[2] US Dept Treasury, Off Tech Assistance, Washington, DC 20226 USA
[3] Catholic Univ Louvain, Inst Rech Econom & Social, Louvain, Belgium
来源：
FINANCE RESEARCH LETTERS | 2019年 / 29卷
关键词：
Negative policy interest rates; Exchange rate behavior; Difference in difference estimation; DIFFERENCE;
D O I：
10.1016/j.frl.2019.03.023
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Since 2012, seven central banks have sought additional monetary policy accommodation through the adoption of negative policy interest rates (NPIR). The policy resulted in a significant reduction in exchange rate volatility and weaker exchange rates in NPIR adopter countries relative countries that did not adopt the policy.
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页码：61 / 67
页数：7
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