Negative policy interest rates and exchange rate behavior: Further results

John Thornton, Chrysovalantis Vasilakis

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)
24 Downloads (Pure)

Abstract

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.
Original languageEnglish
Pages (from-to)61-67
Number of pages7
JournalFinance Research Letters
Volume29
Early online date12 Mar 2019
DOIs
Publication statusPublished - Jun 2019

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