Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/13645
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Michail, Nektarios A. | - |
dc.date.accessioned | 2019-05-16T16:27:43Z | - |
dc.date.available | 2019-05-16T16:27:43Z | - |
dc.date.issued | 2019-02 | - |
dc.identifier.citation | Oxford Bulletin of Economics and Statistics, 2019, vol. 81, no. 1, pp. 1-19 | en_US |
dc.identifier.issn | 14680084 | - |
dc.description.abstract | The counterfactual estimation technique of Pesaran and Smith () is employed to provide an assessment of the impact stemming from the implementation of negative interest rates in three European economies (Denmark, Sweden and Switzerland). The analysis indicates that negative interest rates did not have a significant effect on bank lending growth or inflation in any country. This failure to reject the policy ineffectiveness hypothesis most likely lies in the fact that negative interest rates did not ease the situation for the factors restricting the supply of bank lending, namely bank funding costs and Return-on-Equity. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | Oxford Bulletin of Economics and Statistics | en_US |
dc.rights | © The Department of Economics, University of Oxford and John Wiley & Sons Ltd | en_US |
dc.subject | Estimation technique | en_US |
dc.subject | Negative interest rates | en_US |
dc.subject | European economies | en_US |
dc.title | What if they had not Gone Negative? A Counterfactual Assessment of the Impact from Negative Interest Rates | en_US |
dc.type | Article | en_US |
dc.collaboration | Central Bank of Cyprus | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Subscription | en_US |
dc.country | Cyprus | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1111/obes.12251 | en_US |
dc.relation.issue | 1 | en_US |
dc.relation.volume | 81 | en_US |
cut.common.academicyear | 2018-2019 | en_US |
dc.identifier.spage | 1 | en_US |
dc.identifier.epage | 19 | en_US |
item.languageiso639-1 | en | - |
item.cerifentitytype | Publications | - |
item.fulltext | No Fulltext | - |
item.grantfulltext | none | - |
item.openairetype | article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Management and Economics | - |
crisitem.author.orcid | 0000-0001-9003-3225 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.journal.journalissn | 1468-0084 | - |
crisitem.journal.publisher | Wiley | - |
Appears in Collections: | Άρθρα/Articles |
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