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dc.rights.licenseopenen_US
dc.contributor.authorBOUNGOU, W.
hal.structure.identifierGroupe de Recherche en Economie Théorique et Appliquée [GREThA]
dc.contributor.authorMAWUSI, Charles
dc.date.accessioned2021-11-22T10:41:00Z
dc.date.available2021-11-22T10:41:00Z
dc.date.issued2021
dc.identifier.issn1076-9307en_US
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/123902
dc.description.abstractEnFollowing the 2008 Global Financial Crisis, the central banks of many advanced economies resorted to unconventional monetary policies including, the adoption of a negative interest rate policy, aimed at spurring economic recovery and growth. The effectiveness of this policy remains an ongoing debate and largely limited to theoretical assertions. Using a dataset of 9,638 banks from 41 countries over the period 2009–2018, and a Difference-in-Differences estimator, this paper examines whether the adoption of a negative interest rate policy has any effect on bank lending margins. We find that bank margins have contracted in countries where negative rates have been implemented. Our results suggest that, in a negative interest rate environment, the rate on loans declines faster than the rate on retail deposits. Moreover, we show that the effects of negative interest rate policy (NIRP) on bank lending margins were stronger for smaller, less capitalized, deposit-dependent banks. Finally, our findings indicate that banks reliant on retail deposits increased lending in response to NIRP. © 2021 John Wiley & Sons, Ltd.
dc.language.isoENen_US
dc.title.enBank lending margins in a negative interest rate environment
dc.typeArticle de revueen_US
dc.identifier.doi10.1002/ijfe.2455en_US
dc.subject.halÉconomie et finance quantitative [q-fin]en_US
bordeaux.journalInternational Journal of Finance and Economicsen_US
bordeaux.hal.laboratoriesGroupe de Recherche en Economie Théorique et Appliquée (GREThA) - UMR 5113en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
hal.identifierhal-03439461
hal.version1
hal.date.transferred2021-11-22T10:41:07Z
hal.exporttrue
dc.rights.ccPas de Licence CCen_US
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=International%20Journal%20of%20Finance%20and%20Economics&rft.date=2021&rft.eissn=1076-9307&rft.issn=1076-9307&rft.au=BOUNGOU,%20W.&MAWUSI,%20Charles&rft.genre=article


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