AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Globalization is a major factor in the recent decline in long-term interest rates amid short-term rate increases, according to the September issue of the Federal Reserve Bank of Dallas' Economic Letter. In "Globalization's Effect on Interest Rates and the Yield Curve," senior economist Tao Wu finds that globalization lowers long-term interest rates in three ways: reducing inflation, stabilizing business cycles an developing global financial markets.
"Globalization's impact on the relationship between short- and long-term interest rates poses potentially formidable ...