(Bloomberg) — There’s no end of theories on all the ways in which negative interest rates are hurting economies. But in Denmark, where the policy has existed longer than anywhere else, one fear seems to have been put to rest.The central bank in Copenhagen, which uses negative rates to keep the krone pegged to the euro, says its research shows that the number of so-called zombie firms has fallen amid record monetary stimulus. That goes against the conventional wisdom, which assumes that unnaturally low borrowing costs prop up companies that would collapse in more normal times.“The risk of remaining a …read more
Source:: Yahoo Finance
