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Record Nr. |
UNINA9910149389903321 |
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Autore |
Turk Rima |
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Titolo |
Negative Interest Rates : : How Big a Challenge for Large Danish and Swedish Banks? / / Rima Turk |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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1-4755-4471-5 |
1-4755-4474-X |
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Descrizione fisica |
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1 online resource (30 pages) : illustrations, tables, graphs |
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Collana |
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Disciplina |
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Soggetti |
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Interest rates - Denmark |
Interest rates - Sweden |
Banks and banking - Denmark |
Banks and Banking |
Macroeconomics |
Money and Monetary Policy |
Finance: General |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Interest Rates: Determination, Term Structure, and Effects |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
Central Banks and Their Policies |
Personal Income, Wealth, and Their Distributions |
General Financial Markets: Government Policy and Regulation |
Banking |
Monetary economics |
Finance |
Negative interest rates |
Deposit rates |
Central bank policy rate |
Personal income |
Monetary policy |
Financial services |
National accounts |
Bank soundness |
Financial sector policy and analysis |
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Interest rates |
Banks and banking |
Income |
Sweden |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di bibliografia |
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Includes bibliographical references. |
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Sommario/riassunto |
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Negative policy interest rates have prevailed for some years in Denmark and are a more recent development in Sweden. Among other potential side effects, negative rates could weaken banks’ profitability by reducing net interest income, their main source of earnings. However, an analysis of financial statements at the country rather than the consolidated group level shows that bank margins have been broadly stable. At least to date, lower interest income was offset by reductions in wholesale funding costs and higher fee income. Nonetheless, the impacts on bank health and lending from negative interest rates will need to continue to be monitored closely. |
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