Negative policy interest rates and exchange rate behavior: Further results
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 d...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Elsevier Ltd
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |
| Summary: | 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. © 2019 Elsevier Inc. |
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| ISBN: | 15446123 (ISSN) |
| DOI: | 10.1016/j.frl.2019.03.023 |