"Negative interest rates hurt banks' balance sheets, with the 'wealth…" — Joseph Stiglitz

“Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.”
Joseph Stiglitz

WEALTH MONEY

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Originally said in English.

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About Joseph Stiglitz

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"Negative interest rates hurt banks' balance sheets, with the 'wealth…" — Joseph Stiglitz | Daily Quotes