MONEY FOR NOTHING
Tema(s): En: Financial Times 4 mar. 1999, p. 11Resumen: Japan is testing the very limits of monetary policy. Short-term interest rates yesterday hit zero, thanks to the intervention of the Bank of Japan. Yet even this desperate move will do little to ease the country's economic plight. This is for two reasons. First, Japan's banks are in no position to make use of the extra liquidity in the system, as they are still in the midst of reform; the last thing they want to do is lend more. Second, investors' fears about the state of the Japanese government's finances mean that long-term interest rates are still relatively high.| Tipo de ítem | Biblioteca actual | Signatura | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada
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BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-020398 (Navegar estantería(Abre debajo)) | Financial Times. 4 mar. 1999, p. 11 | Disponible |
Japan is testing the very limits of monetary policy. Short-term interest rates yesterday hit zero, thanks to the intervention of the Bank of Japan. Yet even this desperate move will do little to ease the country's economic plight. This is for two reasons. First, Japan's banks are in no position to make use of the extra liquidity in the system, as they are still in the midst of reform; the last thing they want to do is lend more. Second, investors' fears about the state of the Japanese government's finances mean that long-term interest rates are still relatively high.
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