何毓琦的个人博客分享 http://blog.sciencenet.cn/u/何毓琦 哈佛(1961-2001) 清华(2001-date)

博文

Negative Rate of Interest

已有 9102 次阅读 2014-12-18 23:44 |个人分类:生活点滴|系统分类:海外观察

For new readers and those who request to be “好友 good friends” ,  please read my 公告first.


We are all familiar with the concept of “time value of money” and interest paid on bank  deposits. But negative rate of interest, i.e., I have to pay you to lend you money,  is unheard of. However, sometimes this is true. The Swiss Franc is world famous for its  stability and safety. But what is less touted is the secrecy of Swiss banking law.  Illegal or corrupt officials often find Swiss bank account a good place to hide money.  Apparently the demand for depositing money into Swiss bank account has grown so  much recently that there exist strong pressure to upgrade the Swiss exchange rate which  is bad for Swiss export and other economic considerations.  As a result it was announced today that henceforth depositors have to paid an interest of 0.25% TO THE BANK in order to deposit money into a Swiss bank account. This is negative rate ofinterest!




http://blog.sciencenet.cn/blog-1565-852164.html

上一篇:A Tutorial on Filtering and Estimation
下一篇:Going to Venus vs. Mars

0

该博文允许注册用户评论 请点击登录 评论 (0 个评论)

数据加载中...

Archiver|手机版|科学网 ( 京ICP备14006957 )

GMT+8, 2019-11-15 05:33

Powered by ScienceNet.cn

Copyright © 2007- 中国科学报社

返回顶部