Antolin, Pablo; Schich, Sebastian; Yermo, Juan - In: OECD Journal: Financial Market Trends 2011 (2011) 1, pp. 237-256
A period of protracted low interest rates is a feasible, even if not the most likely, scenario going forward and such a scenario would adversely affect pension funds and insurance companies. Protracted low interest rates affect investment opportunities and have a potentially significant adverse...