The State of Prolonged Low Interest Rates Challenges Financial Stability
The State of Prolonged Low Interest Rates Challenges Financial Stability
Thursday, 21 December 2017
By Shushanik Papanyan
Financial stability is defined by its ability to facilitate economic growth. Yet the “new normal” economic environment of prolonged moderate growth, low nominal and real interest rates, an aging population, and rising longevity poses risks to financial stability.