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Is Negative Interest Rate Effective?

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dc.contributor.author Androus, Mary
dc.contributor.author Guo, Joanne
dc.date.accessioned 2016-04-14T14:50:47Z
dc.date.available 2016-04-14T14:50:47Z
dc.date.issued 2016-04-01
dc.identifier.uri https://scholarworks.bridgeport.edu/xmlui/handle/123456789/1508
dc.description.abstract On February 16, 2016, a year and a half after the European Central Bank implemented an unprecedented monetary policy of setting a negative interest rate to stimulate its flagging economy, Japan followed this bold move by setting its own interest rate below zero. By charging negative interest rate on excess funds that commercial banks hold at Bank of Japan, the central bank is hoping that banks will be encouraged to lend instead of hoarding cash, and businesses and households to spend and invest. This research is a narrative approach to examine the pros and cons of negative interest rate policy in Europe and Japan. Additionally, to evaluate whether this policy is effective or not. en_US
dc.language.iso en_US en_US
dc.subject Bank of Japan en_US
dc.subject European Central Bank en_US
dc.subject Negative interest rate en_US
dc.title Is Negative Interest Rate Effective? en_US
dc.type Presentation en_US
dc.institute.department School of Business en_US
dc.institute.name University of Bridgeport en_US
dc.event.location Bridgeport, CT en_US
dc.event.name Faculty Research Day en_US

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