Negative Interest Rates: A curious phenomenon
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Indian Banker ( IBA Bulletin as previously Known), 4(6) January 2017Summary: Basic economics dictate that all factors of production have
a cost attached to them - labour, land, capital and money.
Accordingly, we pay wages and rent and interest to compensate these factors for their contribution to the process of production. Interest is paid on the money which is borrowed. But, can we have a situation when interest is actually ‘received’ on money borrowed, rather than being ‘paid’?
| Item type | Current library | Call number | Status | Date due | Barcode |
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Articles
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Main Library | Available | AR16101 |
Basic economics dictate that all factors of production have
a cost attached to them - labour, land, capital and money.
Accordingly, we pay wages and rent and interest to compensate these factors for their contribution to the process of production. Interest is paid on the money which is borrowed. But, can we have a situation when interest is actually ‘received’ on money borrowed, rather than being ‘paid’?
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