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Abstract When the economy is depression, there is the risks that erode the investment principal in the economic environment. At this time, the government will adopt a low interest rate policy to increase the investment willingness. However, what is the reason why the investment is still low? We interview 18 individuals who have investment planning. The results of the interview found that when the economy is depression, the government would offer a low interest rate policy to attract investment intentions. However, low interest rates for investors, only the cost of capital to prepare for investment fell, and the problem of depression economy not be disposed, so low interest rate policy appears invalid phenomenon. On the other hand, when the economy is depression, the respondents feel that the external economic risks that erode the principal, and risk will make the investors feel the economy is even worse, so the opportunity to lose high investment opportunities, So the investment will be low.
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