Low for Long? Causes and Consequences of Persistently Low Interest Rates
The 17th Geneva Report on the World Economy
The 17th Geneva Report on the World Economy examines the causes of the unusually low interest rates seen in recent years, asks whether they are likely to persist, and explores the possible consequences. Regarding the causes, the report argues that demographic developments and Chinese financial integration have been important drivers, reinforced since the crisis by a reluctance to invest and a shift in investor preferences toward safe assets. But some of these forces are likely to reverse in the future, suggesting that the current period of unusually low interest rates is unlikely to persist indefinitely.The pace at which that reversal will ha…
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Produktdetails
Weitere Autoren: Broda, Christian / Kroszner, Randall / Ito, Takatoshi
- ISBN: 978-1-907142-94-9
- EAN: 9781907142949
- Produktnummer: 19656833
- Verlag: Centre for Economic Policy Research
- Sprache: Englisch
- Erscheinungsjahr: 2015
- Seitenangabe: 122 S.
- Masse: H17.5 cm x B24.6 cm x D0.9 cm 248 g
- Gewicht: 248
- Sonstiges: Professional & Vocational
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