Economic Effects of Negative Interest Rate Policy Implementation

Authors : Melih ÇİLDİR

Pages : 360-369

View : 12 | Download : 10

Publication Date : 2020-01-19

Article Type : Research Paper

Abstract :In the United States, a liquidity crisis in the mortgage market in 2006 resulted in the bankruptcy of Lehman Brothers, The Investment Bank of America, on September 15, 2015. This situation has turned into a crisis affecting the world economy and financial markets. In addition to this practice known as monetary easing, the Bank of America reduced interest rates to near zero. He then started a new practice by adding the lyrical orientation to his policies. Sweden. Swiss, Danish and European Central Banks have implemented negative interest rate policies to cope with low inflation. In this study, the effect of negative interest rate implementation on the economies of the country was examined
Keywords : negative ineters rate, economic impact, negative interest rate policy