• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Negative Interest Rates: The Black Hole of Financial Capitalism

Negative Interest Rates: The Black Hole of Financial Capitalism

Hardcover

Series: Critical Studies on Corporate Responsibility, Governance and, Book 13

EconomicsInvesting & Finance

ISBN10: 1839823771
ISBN13: 9781839823770
Publisher: Emerald Pub Ltd
Published: Nov 26 2020
Pages: 192
Weight: 0.95
Height: 0.60 Width: 6.10 Depth: 9.10
Language: English
Are the unconventional accommodative monetary policies in place since 2008 pulling Western economies into a black hole?
Jacques Ninet asks precisely this question of these policies as he investigates their origins, effectiveness and permanency. Starting with the neoliberal revolution of the 1980s, Ninet shows how growing wealth disparities and their counterpart, growing indebtedness, have created financial instability and triggered recurring crises. Central banks have become the only game in town, but as they have reached the zero-lower bound in the US and even crossed it in Europe and Japan, they are now in great danger, and they are carrying with them the whole house of cards.

Also in

Economics