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BerichtGeplaatst: 28-03-2019 08:48:56    Onderwerp: XINHUA: Mr. Rummenigge, all is q Reageren met citaat
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VANCOUVER, Feb. 11 (Xinhua) -- Changing demographics across the globe are the main drivers of low interest rates in many developed countries Dede Westbrook Jersey , according to a new study released Thursday.


The study, entitled Why Are Interest Rates So Low, is conducted by the Fraser Institute, an independent Cam Robinson Jersey , non-partisan Canadian public policy think-tank.


"Monetary policy is having less and less impact on interest rates in developed economies such as Canada because the demographic relationship between borrowers and savers has changed dramatically," said Michael Walker, author of the study that develops a new model of how interest rates are determined.


For most of the 20th century, there were many more borrowers than savers. Subsequently Telvin Smith Jersey , interest rates were high to encourage more saving and ration the scarce funds to borrowers.


However, the opposite is true nowadays. There's a dearth of borrowers, so savers are relatively more numerous.


According to the study, the existence of relatively more savers attempting to invest their funds is the main factor affecting interest rates Blake Bortles Jersey , not monetary policy conducted by the Bank of Canada or the Federal Reserve.


The study compiles financial and demographic data for 29 countries that account for nearly 90 percent of the world's economic output. Walker's new model of how interest rates are determined differs from popular, yet faulty, economic models, which rely on the use of "typical households" to project economy-wide responses to factors thought to influence interest rates.


Relying on these faulty models A.J. Bouye Jersey , many analysts have predicted that interest rates will return to normal levels sometime soon. And central banks have tried to "talk up" interest rates. Meanwhile, rates in most of the major economies continue to be very low.


"The objectives and behavior of 'typical households' in Canada and most of the world is dramatically different today than when these now-faulty models were constructed, so it's no surprise that most private analysts and central banks have incorrect expectations," Walker said.


By Oliver Trust


BERLIN Myles Jack Jersey , Oct. 13 (Xinhua) -- Bayern Munich chairman Karl-Heinz Rummenigge said in an recent interview with Xinhua that the German champions would start a China tour during next year's summer break as a major campaign to exploit the Asia market.


In the interview, he also talked about the "Financial Fair Play" initiative of UEFA as well as Bayern Munich hard-working coach Pep Guardiola and his dream to win win the Champions League.


XINHUA: Mr. Rummenigge, all is quiet on Bayern Munich's training ground. Many players are on international duty, so is it time for you to have a break?


Rummenigge: (laughing) Don't get me wrong but I'd rather be in b. Cheap Ultra Boost Adidas NMD Black For Sale Adidas NMD White For Sale Cheap Air Max Womens Shoes Cheap Air Max White Cheap Air Max Mens Clearance Cheap Air Max Womens White Cheap Nike Air Max White Cheap Nike Air Max Online Cheap Nike Air Max Womens
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