出版社:Richards College of Business, University of West Georgia
摘要:The recent appearance of negative, nominal interest rates came as a shock because they conflict with the financial axiom that lenders should be compensated. This article examines recent, extraordinary changes in banking such as negative, nominal interest rates. It is a story of a last ditch central bank attempt to rejuvenate anemic economies that is likely to fail To facilitate readers further exploring the recent changes in banking and the issues associated with them, a large number of references representing many points of view are provided. The great majority include URLs. The article is written in a manner which should cause it to be of interest even to those with little background in economics and/or finance.