a random biz banner

/biz/ - Business

For all teh businesspeople.


New Reply on thread #20
X
Max 20 files0 B total
[New Reply]

[Index] [Catalog] [Banners] [Logs]
Posting mode: Reply [Return]


thumbnail of keynsians.jpg
thumbnail of keynsians.jpg
keynsians jpg
(41.23 KB, 481x361)
For all of you who live in Europe, how have the European Central Bank's (and the central banks of Sweden, Denmark, and Switzerland) negative interest rates affected you? Have you been converting everything to gold? Are you at peace with it? 

How worried should I be about them hopping the pond to America? Pic related.
Who can borrow from the ECB? 

Monetary science behind low central rates according to Euro is that with such a large population base having adopted Euro and such a small supply compared to dollars, these negative rates keep people from saving too much cash in the bank and driving up the euro exchange rate which would make exports less competitive. It is a trick to balancing conservativism in the financial system. If they would follow America's lead they would get the shaft, they could raise rates and people would save more, the euro would appreciate and governments would compensate by increasing spending, then the euro system would be hooked on a export defecit like the USA.

Post(s) action:


Moderation Help
Scope:
Duration: Days

Ban Type:


2 replies | 1 file
New Reply on thread #20
Max 20 files0 B total