{"id":"https://openalex.org/W2603200832","doi":"https://doi.org/10.17016/feds.2017.030","title":"How Would US Banks Fare in a Negative Interest Rate Environment?","display_name":"How Would US Banks Fare in a Negative Interest Rate Environment?","publication_year":2017,"publication_date":"2017-03-01","ids":{"openalex":"https://openalex.org/W2603200832","doi":"https://doi.org/10.17016/feds.2017.030","mag":"2603200832"},"language":"en","primary_location":{"id":"doi:10.17016/feds.2017.030","doi":"https://doi.org/10.17016/feds.2017.030","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2017.030","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.17016/feds.2017.030","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5076959944","display_name":"David M. Arseneau","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]},{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"David M. Arseneau","raw_affiliation_strings":["Board of Governors of the Federal Reserve System (U.S.)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Board of Governors of the Federal Reserve System (U.S.)","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5076959944"],"corresponding_institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"],"apc_list":null,"apc_paid":null,"fwci":3.9753,"has_fulltext":false,"cited_by_count":22,"citation_normalized_percentile":{"value":0.93537146,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"2017.0","issue":"30","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.003700000001117587,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14183","display_name":"Banking Sector Performance and Management","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/negative-interest-rates","display_name":"negative interest rates","score":0.9950000047683716},{"id":"https://openalex.org/keywords/bank-profitability","display_name":"bank profitability","score":0.9629999995231628},{"id":"https://openalex.org/keywords/net-interest-margin","display_name":"net interest margin","score":0.8830000162124634},{"id":"https://openalex.org/keywords/liquidity-provision","display_name":"liquidity provision","score":0.8019999861717224},{"id":"https://openalex.org/keywords/interest-income","display_name":"interest income","score":0.7239999771118164},{"id":"https://openalex.org/keywords/bank-heterogeneity","display_name":"bank heterogeneity","score":0.7009999752044678},{"id":"https://openalex.org/keywords/short-term-interest-rates","display_name":"short-term interest rates","score":0.5709999799728394}],"concepts":[{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.8488459587097168},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.8038182854652405},{"id":"https://openalex.org/C6175523","wikidata":"https://www.wikidata.org/wiki/Q11771027","display_name":"Net interest margin","level":4,"score":0.7652295827865601},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7357121109962463},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6153151988983154},{"id":"https://openalex.org/C129489539","wikidata":"https://www.wikidata.org/wiki/Q3383101","display_name":"Net interest income","level":3,"score":0.5750048160552979},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.518156886100769},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4544827938079834},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2750340700149536},{"id":"https://openalex.org/C185669311","wikidata":"https://www.wikidata.org/wiki/Q1163221","display_name":"Return on assets","level":3,"score":0.1513580083847046}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.17016/feds.2017.030","doi":"https://doi.org/10.17016/feds.2017.030","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2017.030","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:fip:fedgfe:2017-30","doi":null,"is_oa":false,"landing_page_url":"https://www.federalreserve.gov/econres/feds/files/2017030r1pap.pdf","pdf_url":"https://www.federalreserve.gov/econres/feds/files/2017030r1pap.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:ijc:ijcjou:y:2020:q:4:a:7","doi":null,"is_oa":false,"landing_page_url":"http://www.ijcb.org/journal/ijcb20q4a7.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.17016/feds.2017.030","doi":"https://doi.org/10.17016/feds.2017.030","is_oa":true,"landing_page_url":"https://doi.org/10.17016/feds.2017.030","pdf_url":null,"source":{"id":"https://openalex.org/S4210212089","display_name":"Finance and Economics Discussion Series","issn_l":"1936-2854","issn":["1936-2854","2767-3898"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Economics Discussion Series","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W590712366","https://openalex.org/W1515856918","https://openalex.org/W1789282784","https://openalex.org/W1805699599","https://openalex.org/W1982809111","https://openalex.org/W2033933588","https://openalex.org/W2064360179","https://openalex.org/W2098471783","https://openalex.org/W2134443358","https://openalex.org/W2154401967","https://openalex.org/W2167639294","https://openalex.org/W2192993715","https://openalex.org/W2564630462","https://openalex.org/W2588511712","https://openalex.org/W2606596368","https://openalex.org/W2770510268","https://openalex.org/W3021731726","https://openalex.org/W3121138384","https://openalex.org/W3121577856","https://openalex.org/W3121935849","https://openalex.org/W3122054051","https://openalex.org/W3122292385","https://openalex.org/W3122407784","https://openalex.org/W3123534016","https://openalex.org/W3124386961","https://openalex.org/W3124955107","https://openalex.org/W3125344117","https://openalex.org/W3125879966","https://openalex.org/W4292331255"],"related_works":["https://openalex.org/W2751913499","https://openalex.org/W3005470917","https://openalex.org/W4381330616","https://openalex.org/W3125165202","https://openalex.org/W2593611274","https://openalex.org/W3199409939","https://openalex.org/W2887390773","https://openalex.org/W7047083271","https://openalex.org/W7112948313","https://openalex.org/W2998222882"],"abstract_inverted_index":{"This":[0],"paper":[1],"uses":[2],"a":[3,45],"unique":[4],"new":[5],"data":[6],"set":[7],"to":[8,80,107,113],"empirically":[9],"examine":[10],"bank-level":[11],"expectations":[12],"regarding":[13,38],"the":[14,63,130],"impact":[15],"of":[16,53,65,98],"negative":[17,46],"short-term":[18,117],"interest":[19,26,47,89],"rates":[20],"on":[21,91],"bank":[22],"profitability":[23,85],"through":[24,86],"net":[25],"margins.":[27],"The":[28,94],"results":[29],"show":[30],"that":[31,51,70,73,100,123],"banks":[32,72,99,111],"differ":[33],"significantly":[34],"in":[35,44,62,77,88,104],"their":[36],"views":[37],"how":[39],"profits":[40],"might":[41],"be":[42,57],"affected":[43],"rate":[48],"environment":[49],"and":[50],"much":[52],"this":[54],"heterogeneity":[55],"can":[56],"explained":[58],"by":[59],"cross-bank":[60],"differences":[61],"provision":[64,135],"liquidity":[66,79,106,134],"services.":[67],"We":[68],"find":[69,122],"those":[71],"are":[74,101],"more":[75,102],"active":[76,103],"providing":[78,105],"borrowers":[81],"anticipate":[82],"suffering":[83],"reduced":[84],"declines":[87],"income":[90],"short-duration":[92],"assets.":[93],"opposite":[95],"is":[96,136],"true":[97],"depositors":[108],"as":[109,133],"these":[110,124],"expect":[112],"benefit":[114],"from":[115],"lower":[116],"funding":[118],"costs.":[119],"However,":[120],"we":[121],"distributional":[125],"effects":[126],"wash":[127],"out":[128],"at":[129],"aggregate":[131],"level,":[132],"sufficiently":[137],"well":[138],"diversified":[139],"across":[140],"all":[141],"banks.":[142]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":5},{"year":2019,"cited_by_count":4},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2017-04-07T00:00:00"}
