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The Banking & Finance Group of King's Business School organises bi-weekly research seminars in finance. These seminars take place in Bush House on the Strand, on Wednesdays.
This week we welcome Domenico Giannone (Federal Reserve Bank of New York).
“Global Trends in Interest Rates”
“The trend in the world real interest rate for safe and liquid assets fluctuated close to 2 percent for more than a century, but has dropped significantly over the past three decades. This decline has been common among advanced economies, as trends in real interest rates across countries have converged over this period. It was driven by an increase in the convenience yield for safety and liquidity and by lower global economic growth.”
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