21. Mario Draghi, president of the European Central Bank, said in a speech on November 5, 2015,...

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21. Mario Draghi, president of the European Central Bank, said in a speech on November 5, 2015, “History teaches us that deflation, although relatively less common, can have consequences just as destabilizing as excessive inflation.” What impact does deflation have on the coupon payments and principal of inflation-adjusted securities?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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