Central banks pushed short-term interest rates down to extremely low levels in the financial crisis that started

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Central banks pushed short-term interest rates down to extremely low levels in the financial crisis that started in 2008. Some Treasury bill rates in Europe were negative. Other things equal, how would you expect corporations’ inventory levels to respond to such a large reduction in interest rates?

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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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