In recent decades, some major economies and regions, including Japan, the Eurozone, and a few others, have adopted zero and then negative interest rates: a historically unconventional monetary policy response. This assignment requires that you investigate Finland’s adoption of a negative interest rate policy and the implications for its currency’s value and develop an essay on this topic. In this essay you will need to explain why any noticeable volatility in the currency’s exchange rate against the US dollar occurred, giving adequate reference to knowledge learnt during the course. You need to cite appropriate references from academic journals, government announcements and publications, newspapers, institutional reports, etc., to support your argument.
