Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/175722 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
ECB Working Paper No. 2098
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We study the impact of increasingly negative central bank policy rates on banks' propensity to become undercapitalized in a financial crisis ('SRisk'). We find that the risk impact of negative rates is moderate, and depends on banks' business models: Banks with diversified income streams are perceived by the market as less risky, while banks that rely predominantly on deposit funding are perceived as more risky. Policy rate cuts below zero trigger different SRisk responses than an earlier cut to zero.
Schlagwörter: 
negative interest rates
bank business model
systemic risk
unconventional monetary policy measures
JEL: 
G20
G21
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-2820-5
Dokumentart: 
Working Paper

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