
Investment Under Negative Interest Rate
StartFragment Professor Jialin Yu, the Associate Professor of Finance at Hong Kong University of Science and Technology, delivered a speech about when nominal interest rates are negative for the currencies EUR, JPY, CHF. Most, if not all, of the portfolio theory is based on a nominal rate above zero. There is virtually no historical data in which nominal rates are negative across a number of major currencies. Professor Yu shared his point of view on the implications of negati