Sentences with phrase «as a reserve currency for»

And when the u.s. dollar is removed as the reserve currency for world oil purchases you had better hope that the poor will inherit the earth because all most people will have left is hope.

Not exact matches

After all, the euro's days as a contender for global reserve currency are now on hold at best.

As of last year, the U.S. dollar accounted for 63.5 percent of countries» allocated reserve currencies, compared to the yuan, which had only a 1.12 percent share.

As for the British example at the end of the 19th Century, in those days currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based currencies, like the franc, were pretty small relative to total trade.

One of his views that always stuck with me on that subject, at least as a starting point for thinking about it, was that it was somewhat nonsensical to talk about what «equilibrium exchange rates» should be in a world of fiat currencies and fractional reserve banking.

Today, it's perched atop global currency markets as Canada wins acclaim for its economic outlook and handling of the public debt, a point driven home Wednesday when a Russian Central Bank official confirmed that the Canadian dollar would be added to its international reserves.

As another thought, I guess that if the trade surplus countries could not explictly bid up the currencies of other countries directly, they could probably do so indirectly by, say, exchanging their forex reserves for commodities.

For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the US.

Capital controls have historically been as much about preventing foreigners from buying local government bonds as it has been about preventing destabilizing bouts of flight capital, and living in China, where an aggressive demand for the privileges of reserve currency status coincide with equally aggressive policies that prevent the RMB from achieving reserve currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap in rhetoric and practice.

The fed was «lending» or doing an OMO for currency and / or central bank reserves to the commercial banks with the gov» t bonds as collateral / outright possession to back the currency / central bank reserves, not lending to the gov «t.

In a 6/25/15 address to the London Bullion Market Association (LBMA) forum (brought to our attention by Luke Gromen in his newsletter, The Forest for the Trees), Dr.Yao Yudong of the People's Bank of China stated, «Main reserve currency issuers may either fail to adequately meet the demand of a growing global economy for liquidity as they try to ease inflation pressures at home, or create excess liquidity in the global markets by overly stimulating domestic demand.»

When the fiat Federal Reserve «dollar» finally loses its status as the world's reserve currency, gold and silver will have then begun to make an upward price adjustment or will begin to make the upward adjustment, and all who paid much higher prices for gold and silver will stop whining about price.

SDR's were started in 1969 and are already used for international transactions would be backed by gold in the Sino - Soviet plan and used as a reserve currency.

While the implications for the Federal Reserve Note, currently the U.S. dollar, as the world's primary reserve currency may be profound over time and the importance of this event should not be overlooked, the impact is unlikely to happen overnight.

They'd like to see Pimcobucks as the new reserve currency for the world.

Of the many shortcomings of the pre-Fed currency and banking system, none struck sincere reform proponents of all kinds as being in more dire need of correction than the tendency of the nation's bank reserves to flow into the coffers of a handful of New York banks during seasons apart from the harvest, combined with the annual (and occasionally mad) harvest - time scramble for those same reserves.

Russell Lamberti: Yeah my website, ETM macro advisors website is www.etmmacro.com and I am starting a new newsletter called the macro outsider, and you can sign up for it for free on www.etmmacro.com and you'll get a free essay called «The real currency war» which is subtitled «monopoly money vs real money» and essentially there I just go into a lot of what we've spoken about today in terms of chronic malinvestment, the weakness of fiat currency reserve systems, and then ultimately where I think the real currency war is, which is in centralized vs. decentralized money, and I talk a little bit about cryptocurrencies there as well, so that's www.etmmacro.com you can sign up for that free newsletter.

In the cases that the Bitcoin blockchain is insufficient, such as Torcoin, Bitcoin will still be a reserve currency of sorts for moving into and out of Torcoin.

The United Nations officially recognizes 180 currencies worldwide and outside of reserve currencies none of these compete with one another for market share, as they each serve their own purpose in their respective jurisdictions.

Money and banking textbooks typically portray the Act as modernizing the financial system «to correct certain serious shortcomings in the National Bank Act: to provide an elastic currency, efficient clearing, centralized reserves, readily available credit for banks, and unified control of the banking system.»

Will the FED enact its THIRD MANDATE as a the backstop for the global financial system because of the key position of the world's reserve currency?

For nearly a century, the U.S. dollar has served as the world's premier reserve currency, but the future is uncertain.

These reserves serve two functions, 1) as backing for the interbank settlements system and 2) to buy cash (legal tender money / currency) from the Fed.

A different issue would be if the rest of the world decided somehow to stop using the US$ as one of the common currencies for trade and foreign reserves.

US monetary policy with its unending bias toward stimulus, since we are the global reserve currency (for now), pushes inflation out into the countries that lend to us and into the commodity markets as well.

Particularly, in a situation such as that which exists today, where the shadow banking system responsible for much of the last few years of credit expansion is now dramatically contracting outside any possible control of the central banking authorities, there is no alternative but deflationary collapse with a concomitant moon shot in the value of the world's reserve currency v. all other asset classes.

(Great question for the debates: «Sir, what will you do as President to strengthen the Dolllar's position as the global reserve currency?»

The main barrier is that there is no good replacement for the Dollar as the global reserve currency.

The other wealthiest Middle Eastern oil producers, such as Kuwait and the United Arab Emirates, are also tapping their foreign currency reserves for the first time in about 20 years to bridge the gap in revenue.

However, I would note the more recent revival of mercantilism & a new willingness of many countries to diversify into real assets (rather than currencies / bonds)-- this could pose a new and more substantial / elevated risk of decline for the dollar as a reserve currency (vs. the historical example of sterling).

As the world's main reserve currency, US dollars account for most governments» foreign exchange reserves and are used to set international market prices for oil, gold and other currencies.

Ever since the Bretton Woods agreements — the accords after the Second World War which bequeathed the architecture for the modern international financial system — America's trading partners have been left to cope with the impact of Washington's control and, in more recent years, the hegemony of the dollar as the dominant global reserve currency.

Though there is no logical replacement for the US Dollar as the global reserve currency, the US is gaming the system, passing inflation through to the rest of the world.

Dollar's status as the world's reserve currency allows for ready acceptance / convertibility of the dollar all over the world.

Furthermore, the trader must be able to analyze macroeconomics accounting principles, such as a central bank's level of reserves, current / capital account surpluses and deficits, as well as study the causes and outcomes of speculative attacks on currency, for example, the Bank of England, Mexican and Thai currency debacles make for interesting case studies.

2) With all of the noise of those looking for a replacement for the US Dollar as the world's global reserve currency, I have two questions:

As the realisation of the systemic weakness of fiat currencies becomes apparent contrasted with the groundswell of cryptocurrency, the executive committee of central banks, including governors, presidents and chairpersons - will call emergency meetings to exercise their prerogative to deviate from the current investment policy for reserves management.

Let's say somebody promised you that Bitcoin was going to become twenty different nation's national currency or remove the U.S. Dollar as the global reserve currency, and Bitcoin did not meet that imaginary standard you made up for it.

Most recently, ABC News, a national news service in Australia produced by the Australian Broadcasting Corporation, reported that it is possible for Bitcoin to replace reserve currencies such as the US dollar in the next 10 years if it sustains its current exponential growth.

Lopp noted that as of now, Bitcoin accounts for around 0.14 percent of global M1 money supply and still has a long way to go before surpassing the value of reserve currencies.

It is common practice for central banks to hold assets in their reserves such as foreign currency or gold in the case of a financial emergency or market shock.

The exchange plans not to offer fiat gateways, but is the idea to get XEM to be used as a more liquid judge of value, like BTC and ETH act as sort of reserve currencies for the crypto - sphere?

Louis and Ryan discuss the impact of the earthquake and tsunami on the world economy; inflation, interest rates, the Fed and Bank of Japan action and the U.S. budget negotiations; the profile of home purchasers today; the paradox of government intervention to make «homes affordable for everyone»; the direction of the rental market, rent vs. buy ratios; the comparison of Fed action during the Volker years vs the Bernanke era; Charlie Sheen, oil prices; the direction of the dollar and other currencies race to the bottom; the status of the dollar as the world's reserve currency; the abandonment of the gold standard; the fate of fiat currencies; Utah's gold standard push; the actions states are taking to cut spending; the price of gold and silver and their role as stores of value; real estate vs. gold and silver as investments; the impact of shadow inventory on general inventory; the impact of the numbers of government workers and their salaries on the D.C. area housing market.