Series: IMF Working Papers
Author(s): Qianying Chen , Mitsuru Katagiri , and Jay Surti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 August 2018
Keywords: Banking, Interest rates, Growth, Low-for-Long, Prolonged Low Interest Rates, Monetary Policy (Targets, Instruments, and Effects), Firm Performance: Size, Diversification
A prolonged low-interest-rate environment presents a significant challenge to banks and is likely to entail major changes to their business models over the long-run. Lower returns to maturity transformation in the...