Listen to the Audio Mises Wire version of this article. Presently there are trillions of dollars of bonds throughout the world with negative interest rates. This is an unprecedented turn of events...
L. Dwayne Barney
L. Dwayne Barney is Professor Emeritus in Finance at Boise State University.
Latest work
Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.
