Negative interest rates are a stanch reality in today's financial system. Slowly infiltrating ever more areas within our economy, companies as well as wealthy clients are already being faced with negative interest rates on their deposits. Banks are still hesitating to fully and openly pass on negative interest to the majority of their clients, which is why NIRs, as they are called, are being hidden in fees and other service costs.
Notwithstanding the burdening effects negative interest rates can and will have on more and more private clients and investors, their overall detrimental effects on the economy at large are usually underestimated by economists and politicians. In a webinar with Professor Tomas Casas i Klett, an assistant Professor at the University of St. Gallen’s Research Institute for International Management (FIM-HSG) we want to tackle this delicate topic. Some of the following points shall be discussed:
What are negative interest rates? Why are they here? How can they be explained? Are they an inevitable historic development (because people are ageing and saving more) or are they an economic anomaly? Are negatives interest rates a product of central banks? What are central banks' justification for negative interest rates? What are the economic consequences of negative interest rates, particularly for Switzerland? Do they foster malinvestment? What about the existence of zombie companies? Are negative interest rates (capital) destructive? Is there a connection between negative interest rates and deflation? What can be done to evade negative interest rates on a personal level?
Time: Thursday 02.07.2020 at 13:00 - 13:45 CET
Speakers: Prof. Tomas Casas i Klett, University of St. Gallen / Pascal Hügli, Chief Research Schlossberg&Co / David Bühlmann, CEO Schlossberg&Co
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We are looking forward to welcoming you.