01711cas a2200241 a 4500 AALejournalIMF017172 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475544688 1018-5941 BD-DhAAL BD-DhAAL Turk, Rima. Negative Interest Rates : How Big a Challenge for Large Danish and Swedish Banks? / Rima Turk. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Negative policy interest rates have prevailed for some years in Denmark and are a more recent development in Sweden. Among other potential side effects, negative rates could weaken banks' profitability by reducing net interest income, their main source of earnings. However, an analysis of financial statements at the country rather than the consolidated group level shows that bank margins have been broadly stable. At least to date, lower interest income was offset by reductions in wholesale funding costs and higher fee income. Nonetheless, the impacts on bank health and lending from negative interest rates will need to continue to be monitored closely. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2016/198 Full text available on IMF http://elibrary.imf.org/view/journals/001/2016/198/001.2016.issue-198-en.xml IMF e-Library