Negative Interest Rates Policy and Banks' Risk-Taking: Empirical Evidence

Whelsy Boungou

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Abstract: Using a panel dataset of 9421 banks from 59 countries over the period 2009–2018 and a Difference- in-Differences estimator, this paper aims to assess the effects of negative interest rates on banks' risk-taking. We find that banks' risk-taking has been lower in countries where negative rates have been implemented. This effect depends on the characteristics of a country's banking system, namely the level of capitalization and size.

Keywords: Negative interest rates; Difference-in-differences; Bank risk-taking (search for similar items in EconPapers)
Date: 2020-01-01
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Citations: View citations in EconPapers (8)

Published in Economics Letters, 2020, 186, pp.108760. ⟨10.1016/j.econlet.2019.108760⟩

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Journal Article: Negative interest rates policy and banks’ risk-taking: Empirical evidence (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03709855

DOI: 10.1016/j.econlet.2019.108760

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