NewsWhore
01-17-2012, 07:40 PM
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Great Recession Means New Central Bank Rules: Clive Crook (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHn3gO2uIw4Om4NEIgh21jGAJu_Kg&url=http://www.bloomberg.com/news/2012-01-18/great-recession-means-new-central-bank-rules-commentary-by-clive-crook.html)
Bloomberg
The main bar to this is the existence of physical currency, which pays a guaranteed interest rate of zero. Driving the return on bank balances and other stores of value to less than nothing -- that is, making lenders pay interest to borrowers -- is ...
and more » (http://news.google.com/news/more?ned=us&ncl=dB1DdNuLV4_HbwM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHn3gO2uIw4Om4NEIgh21jGAJu_Kg&url=http://www.bloomberg.com/news/2012-01-18/great-recession-means-new-central-bank-rules-commentary-by-clive-crook.html)
Great Recession Means New Central Bank Rules: Clive Crook (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHn3gO2uIw4Om4NEIgh21jGAJu_Kg&url=http://www.bloomberg.com/news/2012-01-18/great-recession-means-new-central-bank-rules-commentary-by-clive-crook.html)
Bloomberg
The main bar to this is the existence of physical currency, which pays a guaranteed interest rate of zero. Driving the return on bank balances and other stores of value to less than nothing -- that is, making lenders pay interest to borrowers -- is ...
and more » (http://news.google.com/news/more?ned=us&ncl=dB1DdNuLV4_HbwM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHn3gO2uIw4Om4NEIgh21jGAJu_Kg&url=http://www.bloomberg.com/news/2012-01-18/great-recession-means-new-central-bank-rules-commentary-by-clive-crook.html)