The Negative Interest and Its Effects on the Financial System [Dobânda negativă şi efectele sale asupra sistemului financiar]

Cerna Silviu
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Cerna Silviu: Universitatea de Vest din Timişoara

Revista OEconomica, 2020, issue 03-4

Abstract: The emergence of negative interest reflects the reversal of the relationship between the value that people normally attribute to meeting certain needs today and the value they place on meeting the same needs in the future. Theoretically, this phenomenon is bizarre and mysterious. In practice, economic agents have adapted quite quickly to this absolutely unique context.

Keywords: banks; interest rates; monetary policy; natural interest rate (search for similar items in EconPapers)
JEL-codes: E43 E52 E58 G01 G21 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:oen:econom:y:2020:i:03-4:id:569

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