The Hunt for Duration: Not Waving but Drowning?

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How have central banks implemented negative policy rates (2016, background): “…their effectiveness in achieving the central bank objectives as well as their more general impact on financial and macroeconomic stability.11 This, however, is beyond the scope of this special feature.12 10 For a more detailed analysis, see Borio et al (2015), CGFS (2011) and Domanski et al (2015).”
Covered interest parity lost: understanding the cross-currency basis (2016, background): “7 Domanski et al (2015) document increasing investment in long-term foreign currency bonds by the German insurance sector seeking to extend asset duration so as to match the rising duration of its liabilities as yields in the euro area fell to very low levels.”