How Low Interest Rates Change the World: Global Trends Caused by Low Rates and Emerging Factors Shaping...

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Jesper Rangvid (Professor, Department of Finance, Professor, Department of Finance, Copenhagen Business School)

How Low Interest Rates Change the World

Global Trends Caused by Low Rates and Emerging Factors Shaping the Future of Rates

Jesper Rangvid (Professor, Department of Finance, Professor, Department of Finance, Copenhagen Business School)

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English

Oxford University Press
01 April 2025

Macroeconomics; Finance & accounting

How Low Interest Rates Change the World explores the societal impact of changing interest rates. Taking its starting point in the remarkable four-decade decline in global interest rates from 1980 to 2020, the book examines five global trends it caused, the underlying factors that drove interest rates lower, and emerging trends likely to shape the future path of interest rates.

The book contends that the steady decline in interest rates around the world from 1980 to 2020 played a pivotal role in shaping five significant global trends during the same period: soaring debt levels, escalating housing prices, surging stock markets, widening economic inequality, and increased financial risk-taking.

The book also explores emerging factors likely to shape the future trajectory of interest rates. While demographic trends may keep rates low, other forces, such as rising public debt, can push them higher. The book offers its perspective on the interaction of these opposing trends, and presents its view on the future evolution of interest rates. How Low Interest Rates Change the World is a no-nonsense fact-based book written in plain language. A key feature of the book is its empirical approach and reliance on data. Figures and tables richly illustrate and support the arguments presented, thereby inviting a broad audience to follow its fascinating journey into the evolution of interest rates and their impact.

By: Jesper Rangvid (Professor Department of Finance Professor Department of Finance Copenhagen Business School)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm, Spine: 21mm
Weight: 561g
ISBN: 9780198946380
ISBN 10: 0198946384
Pages: 284
Publication Date: 01 April 2025
Audience: College/higher education , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Jesper Rangvid is a Professor of Finance and the Director of the Pension Research Centre (PeRCent) at Copenhagen Business School. His research focuses on asset return determination and forecasting, financial crises, financial institutions, and household finance. Rangvid holds positions on various committees and boards of private and public firms. Notably, he led the government-appointed committee that investigated the causes and consequences of Denmark's 2008 financial crisis. His book, From Main Street to Wall Street, was published by Oxford University Press in 2021. Jesper also authors Rangvid's Blog, where he shares insights on finance and economics.