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

8 Citations (Scopus)

21 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 - Thornton, John

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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