27 November 2014

EBAday

Archive for: May, 2009
Paul PenroseFinextra - London

Time to scrap cash?

20 May 2009  |  3597 views  |  2  |  Recommends 0

With the spectre of negative interest rates hoving into view, is it time to rethink the value of cash as a medium of exchange? Failure to do so will lead inevitably to currency hoarding as savers turn their assets into cash to avoid the deflationary effects of a move to negative interest charges. In his maverecon blog at the FT, Wiliam Buiter, a f...

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