Negative Interest Rate Risk. Atavism or Normalization of Central Banks’ Monetary Policy

In the face of the global financial crisis, central banks have used unconventional monetary policy instruments. Firstly, they implemented the interest rate policy, lowering base interest rates to a very low (almost zero) level. However, in the following years they did not undertake normalizing activ...

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Bibliographic Details

Published in:	Acta Universitatis Lodziensis. Folia Oeconomica
Main Authors:	Irena Pyka, Aleksandra Nocoń
Format:	Article
Language:	English
Published:	Lodz University Press 2019-08-01
Subjects:	negative interest rate policy non-standard monetary policy modern central bank negative interest rate risk
Online Access:	https://czasopisma.uni.lodz.pl/foe/article/view/3508