Financial and Monetary Systems

The price of money has tumbled. Here's why the world should be worried

A man walks past buildings at the central business district of Singapore February 14, 2007. Singapore's trade-reliant economy expanded faster than expected in the fourth quarter on a pick up in domestic activity, data showed on Wednesday, prompting the government to lift its expectations for 2007.  REUTERS/Nicky Loh  (SINGAPORE) - RTR1MDL4

Does this mean that negative interest rates embody a new perspective on money – that it has gone “bad”? Image: REUTERS/Nicky Loh

Yanis Varoufakis
Former Finance Minister, Greece
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Related topics:
Financial and Monetary SystemsBanking and Capital Markets
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