Negative policy interest rates and exchange rate behavior

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  • 2019-Negative policy interest rates and exchange rate behavior

    Accepted author manuscript, 689 KB, PDF document

    Embargo ends: 12/03/20

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Since 2012, seven central banks sought have 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 NIRP-adopter countries relative countries that did not adopt the policy.
Original languageEnglish
Pages (from-to)61-67
JournalFinance Research Letters
Early online date12 Mar 2019
Publication statusPublished - Jun 2019
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