ABERDEEN, S.D. – A new article by Dr. Keun Lee, professor of economics at Northern State University, has been accepted for publication in the International Journal of Finance and Banking Studies.
The article, titled Three Interest Rate Theories, will appear in an upcoming volume of the peer-reviewed journal.
In the paper, Dr. Lee explores both the general and academic views of interest rates—one as the cost of borrowing and reward for savings, and the other as a monetary phenomenon determined by the balance between money demand…