No. of Recommendations: 2
This is spurred by Notehound's post above. The IMF is studying how to make negative interest rates work by denying the utility of cash, and perhaps other assets, to circumvent the intent of the rate.

While the global economy has been recovering, future downturns are inevitable. Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond.

To get around this problem, a recent IMF staff study shows how central banks can set up a system that would make deeply negative interest rates a feasible option.


https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-nega...

This topic is definitely macro!

Bob
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