The global economy is awash in negative-yielding debt instruments. Europe and Japan have been living with negative interest rates for a while, but the US Federal Reserve has held off dropping rates below zero. Financial journalist Larry Light explores the efficacy of negative interest rates and whether the United States will be the next to adopt this monetary tool. Financial professionals will find this a concise but thoughtful examination of negative interest rates.
About the Author
Larry Light is the markets editor for Chief Investment Officer magazine.