But with negative rates, central banks charge a fee instead.
With banks unable to switch into cash (thereby earning zero rates), central banks could go even more negative with policy rates.
There was nothing unwholesome-looking about this vampire, not at first: he looked more like a British or at any rate Central European version of Gary Cooper.
Each level is formed by a democratically elected body generally funded through a combination of business rates, central government grants and council tax.
Edwards argues that instead of pushing up rates, central banks in the west should be preparing themselves to ward off a deflationary slump.
As one industry executive puts it, network operators are, in effect, "issuing their own currency" and setting its exchange rate; central banks tend to dislike such things.
And having raised rates, central banks would at least have the scope to cut them again when the next bubbles burst.
However real the exploits here may be, they feature characters from X-rated Central Casting (the dominatrix Peter Pan, the judge who wants to be spanked) and are described with conveniently dramatic momentum.
A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe on Wednesday announced the most aggressive infusion of capital into the banking system since the terrorist attacks of September 2001.
Heart rate, central venous pressure and carotid blood flow increased significantly during the resuscitation period without intergroup differences.
