Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash: Economics Professor
Source:
Washington's Blog
February 9, 2016
More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.
Negative interest rates are spreading worldwide.
And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanki
