Khoury, Sarkis J.; Pal, Poorna C. - In: Journal of risk and financial management : JRFM 13 (2020) 5/90, pp. 1-12
Negative interest rates are an invention of monetary authorities to show that monetary activism does not have boundaries, i.e., as if there is no such thing as a liquidity trap. Their presence in the financial landscape has redefined the benefits to savers and to investors. Governments can now...
