10. Figure 14-2 shows that Japans short-term interest rates have had periods during which they are near...
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10. Figure 14-2 shows that Japan’s short-term interest rates have had periods during which they are near or equal to zero. Is the fact that the yen interest rates shown never drop below zero a coincidence, or can you think of some reason why interest rates might be bounded below by zero?
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International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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