The document discusses the potential shift in fiscal and monetary policy in response to voter demands and the impact of extreme monetary policy on the financial system, particularly in Europe. It highlights the risks of negative deposit rates and government bond yields on banks' business models and the real economy, suggesting a move towards rate normalization.
doj/DataSet10/EFTA01384468.pdf
{"title":"Long-Term Asset Return Study: The Next Financial Crisis","document_date":"2017-09-18","document_type":"financial","key_locations":["Europe"],"key_organizations":["Deutsche Bank AG"]}