Paul PenroseFinextra - London
20 May 2009 | 3489 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 ...