Pushed Past the Limit? : How Japanese Banks Reacted to Negative Interest Rates /
In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan (BoJ) affected Japanese banks' lending and risk taking behavior. The BoJ's announcement was an unexpected surprise to the market and was followed by a sharp drop in equity...
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| Format: | Journal |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2018.
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| Series: | IMF Working Papers; Working Paper ;
No. 2018/131 |
| Online Access: | Full text available on IMF |