Thursday, 5 June 2014

Why negative interest rates won't work in the Eurozone

Or anywhere else, for that matter - but that's another story.

At Forbes, I look into the real reason why the ECB is considering negative interest rates on bank reserves. Despite what the papers say, it's not about bank lending.....

Read the article here.

1 comment:

  1. The money supply can never be managed by any attempt to control the cost of credit. Keynes's Liquidity Preference Curve (demand for money) is a false doctrine.