Negative rates demonstrate shortcomings of currency

Digitally adapting to regulatory change

Negative short-term interest rates have become an important component of monetary policy, with their introduction in Sweden in 2009 later followed by the European Central Bank and Bank of Japan, among others. By some estimates, $17 trillion worth of bonds now have negative yields. And with President Trump calling on the Federal Reserve to adopt negative interest rates too, we must consider the longer-term, wider implications these policies can have.

As a former central banker and monetary

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: