Negative policy interest rates and exchange rate behavior: Further results
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- 2019-Negative policy interest rates and exchange rate behavior
Accepted author manuscript, 690 KB, PDF document
Licence: CC BY-NC-ND Show licence
DOI
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.
Keywords
- Difference in difference estimation, Exchange rate behavior, Negative policy interest rates
| Original language | English |
|---|---|
| Pages (from-to) | 61-67 |
| Journal | Finance Research Letters |
| Volume | 29 |
| Early online date | 12 Mar 2019 |
| DOIs | |
| Publication status | Published - Jun 2019 |
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