Negative Interest Rates and the ECB’s Brave New Credit World

Source: American Institute for Economic Research
by Nils Sonnenberg & Gunther Schnabl

“While the US Federal Reserve is making significant efforts to prevent the money market rate from falling below zero with the help of so-called reverse repurchase agreements, negative interest rates are appearing in a number of the euro area’s financial markets. Why is this happening? And what does it mean for wealth and prosperity in the euro area?” (11/09/21)