#NegativeInterestRates #Recession #Australia
The prospect of Deeply Negative Interest Rates is becoming a reality with a highly cashless society. Let’s re-look at a recent IMF blog post about this issue to help raise awareness of every Monetarist dream.
References
Currency (Restrictions on the Use of Cash) Bill 2019
https://www.treasury.gov.au/consultation/c2019-t395788
SIT Black Money Report: Here are other countries with cash transaction limits
https://www.zeebiz.com/india/news-sit-black-money-report-here-are-other-countries-with-cash-transaction-limits-3856
Cashing In: How to Make Negative Interest Rates Work
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/