Strasky, Jan; Hwang, Hyunjeong - 2019
The negative interest rate policy (NIRP) has been in place in the euro area since June 2014. While the NIRP can provide … assesses the effect of the NIRP on the net interest rate margins of the euro area banks using quarterly consolidated bank level … policy rates. The econometric results confirm the effect of the interest rate level on bank profitability and, in some …