Negative policy interest rates and exchange rate behavior: Further results

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...

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Bibliographic Details
Main Authors: Thornton, J. (Author), Vasilakis, C. (Author)
Format: Article
Language:English
Published: Elsevier Ltd 2019
Subjects:
Difference in difference estimation
Exchange rate behavior
Negative policy interest rates
Online Access:View Fulltext in Publisher

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