A Theory of Extreme and Negative Interest Rate
4 Pages Posted: 17 Apr 2015 Last revised: 25 Feb 2021
Date Written: April 15, 2015
Abstract
When Choi has rediscovered that Adam Smith had long solved the interest rate mystery, this paper extends the rediscovering to work out some extreme interest rate, like the very high, the very low and even the negative one. This paper also makes interest rate theory international, and corrects some misunderstandings about price and risk.
Keywords: Interest Rate, Foreign Exchange, Finance
JEL Classification: E43, D84, F31
Suggested Citation: Suggested Citation
Choi, Hak, A Theory of Extreme and Negative Interest Rate (April 15, 2015). Available at SSRN: https://ssrn.com/abstract=2594986 or http://dx.doi.org/10.2139/ssrn.2594986
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