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Les taux d’intérêt nominaux négatifs sont-ils efficaces pour relancer la croissance des crédits et de l’économie ?

Author

Listed:
  • Meixing Dai

    (Université de Strasbourg (BETA))

  • Fanny Loux

    (SaarLB)

Abstract

Plusieurs banques centrales ont introduit des taux d’intérêt directeurs négatifs. Cette politique s’est traduite par des taux d’intérêt nominaux négatifs sur les marchés interbancaires et certains segments des marchés obligataires, voire sur le marché de dépôts et de crédits bancaires. S’il est indéniable que cette politique a poussé les banques à prêter plus et a permis aux Etats très endettés de se financer plus facilement sur le marché financier, il est encore trop tôt pour juger son effet sur la croissance car elle affecte à la fois le montant et le profil de risque des crédits bancaires.

Suggested Citation

  • Meixing Dai & Fanny Loux, 2017. "Les taux d’intérêt nominaux négatifs sont-ils efficaces pour relancer la croissance des crédits et de l’économie ?," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 36(1), pages 9-20, June.
    • Handle: RePEc:ulp:buopee:v:36:y:2017:m:06:i:3
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    References listed on IDEAS

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