Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.
Paul A. Cleveland
Paul A. Cleveland is Professor of Business Administration and Economics at Birmingham-Southern College. He received his Ph.D. in Economics from Texas A & M University and began his career teaching at SUNY-Geneseo. He is the author of the book, Understanding the Modern Culture Wars: The Essentials of Western Civilization