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The Negative Interest Rates: Evidence from Bulgaria

In: Global Versus Local Perspectives on Finance and Accounting

Author

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  • Svilen Kolev

    (University of National and World Economy)

Abstract

The paper examines initial effects from the negative interest rate on the excess reserves of the banks in Bulgaria implemented by the Bulgarian National Bank in the beginning of 2016. The research covers the effects on the interest rates on the interbank money market and briefly discusses the liquidity management in the banking system by transforming banks’ cash equivalents in other types of assets (financial instruments, loans, for example). Conclusions and proposals are made, concerning the meaning of the negative interest rate for the change and the dynamics of the interest rates on deposits and loans and the profitability of the banks in Bulgaria.

Suggested Citation

  • Svilen Kolev, 2019. "The Negative Interest Rates: Evidence from Bulgaria," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Global Versus Local Perspectives on Finance and Accounting, pages 1-9, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-11851-8_1
    DOI: 10.1007/978-3-030-11851-8_1
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