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The Negative Interest and Its Effects on the Financial System [Dobânda negativă şi efectele sale asupra sistemului financiar]

Author

Listed:
  • Cerna Silviu

    (Universitatea de Vest din Timişoara)

Abstract

The emergence of negative interest reflects the reversal of the relationship between the value that people normally attribute to meeting certain needs today and the value they place on meeting the same needs in the future. Theoretically, this phenomenon is bizarre and mysterious. In practice, economic agents have adapted quite quickly to this absolutely unique context.

Suggested Citation

  • Cerna Silviu, 2020. "The Negative Interest and Its Effects on the Financial System [Dobânda negativă şi efectele sale asupra sistemului financiar]," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03-4.
    • Handle: RePEc:oen:econom:y:2020:i:03-4:id:569
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    More about this item

    Keywords

    banks; interest rates; monetary policy; natural interest rate;
    All these keywords.

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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