Negative Nominal Interest Rates and the Bank Lending Channel
نویسندگان
چکیده
منابع مشابه
Recent Developments in Interest Rates on Bank Lending
In implementing monetary policy, the Bank uses changes in the overnight interest rate on money market funds – the so-called cash rate – to influence the interest rate structure in the economy more generally, particularly the interest rates charged by intermediaries on loans. These interest rates normally move broadly in line with the cash rate, but in recent years they have fallen by significan...
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When an inside lender has private information about a firm, there is an information asymmetry among lenders. The effect of this asymmetry on the relative rates for firms borrowing from an insider or outsider is not well established. In the Sharpe (1990) model, an inside lender with private information competes against an outside lender with public information. In a correction to the model, von ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2019
ISSN: 1556-5068
DOI: 10.2139/ssrn.3334966