Negative policy interest rates and exchange rate behavior: Further results

John Thornton; Chrysovalantis Vasilakis

doi:10.1016/j.frl.2019.03.023

Negative policy interest rates and exchange rate behavior: Further results

John Thornton, Chrysovalantis Vasilakis

Norwich Business School

Research output: Contribution to journal › Article › peer-review

12 Citations (Scopus)

26 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 language	English
Pages (from-to)	61-67
Number of pages	7
Journal	Finance Research Letters
Volume	29
Early online date	12 Mar 2019
DOIs	https://doi.org/10.1016/j.frl.2019.03.023
Publication status	Published - Jun 2019

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10.1016/j.frl.2019.03.023

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https://research.bangor.ac.uk/portal/en/researchoutputs/negative-policy-interest-rates-and-exchange-rate-behavior-further-results(fb47b14c-f31b-4a48-8075-b4c37dd5d01c).htmlLicence: CC BY-NC-ND

Cite this

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title = "Negative policy interest rates and exchange rate behavior: Further results",

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.",

author = "John Thornton and Chrysovalantis Vasilakis",

year = "2019",

month = jun,

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journal = "Finance Research Letters",

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AU - Vasilakis, Chrysovalantis

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AB - 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.

U2 - 10.1016/j.frl.2019.03.023

DO - 10.1016/j.frl.2019.03.023

M3 - Article

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SP - 61

EP - 67

JO - Finance Research Letters

JF - Finance Research Letters

SN - 1544-6123

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