Not exact matches
A former member
of the
Bank of England (BOE) told CNBC it's «unwise» for the central bank to stick to a long - term policy strategy in case it gets wrong - footed by new economic d
Bank of England (BOE) told CNBC it's «unwise» for the
central bank to stick to a long - term policy strategy in case it gets wrong - footed by new economic d
bank to stick to a long - term policy strategy in
case it gets wrong - footed by new economic data.
And in doing so, he laid out a worst -
case scenario
of sorts — one that would involve the market forcing the
central bank's hand and pushing it to drastic measures.
An outspoken critic
of Europe's
central banks recently, Falkengren has focused on building capital buffers in
case of unexpected losses — and, for retail clients, limiting their exposure to risky loans.
It also was a rhetorical one: most
central banks, including the the
Bank of Canada, resort to explicit statements about their policy intentions only in the
case of an emergency.
«Unless quite substantial tightening
of monetary policy is delivered, the lira will remain volatile,» Rabobank's Matys said, adding the
central bank may have to consider an emergency policy meeting beforehand, as was the
case in January 2014.
The policy response by inflation - targeting
central banks has been very rapid as the crisis has unfolded, notwithstanding the fact that in some
cases, the current level
of inflation was above the target range.
Asked about Greece — a special
case because
of the political uncertainties there and because the country continues to labor under an international bailout program overseen in part by the European
Central Bank — Mr. Draghi said that the bank could buy Greek bo
Bank — Mr. Draghi said that the
bank could buy Greek bo
bank could buy Greek bonds.
An additional problem with coordinating fiscal and monetary policy is that freedom from electoral and political pressures is part
of the
case for having independent
central banks in the first place.
In the
case of most supply shocks, where the required response to meet the two objectives may differ in the short term, each
of the frameworks is sufficiently flexible to cause no material difference in the
central bank's response.
Case in point — after the European
Central Bank (ECB) policy meeting this summer that quashed market expectations
of an imminent ECB shift to normalize policy.
There could be several factors that had investors on edge — including news that North Korea had completed a fifth nuclear missile test and the European
Central Bank had declined to announce additional measures to help stimulate Europe's sluggish economy — but many strategists pointed to a speech Friday morning by Federal Reserve
Bank of Boston President Eric Rosengren, in which he said that «a reasonable
case can be made» for tightening interest rates in the U.S..
While the
central bank's base
case estimate is somewhere between 2.5 per cent and 3.5 per cent, it's possible it could be as low as the current policy rate
of 1.25 per cent.
In contrast to other prominent
banking institutions, some
of which are interested in exploring other use
cases for the blockchain, Carstens did not appear impressed by technologies related to digital assets: «In practice,
central bank experiments show that DLT - based systems are very expensive to run, and slower and much less efficient to operate on conventional payment and settlement systems.»
Their underlying worth is determined by the
central banking system and the government, through a series
of federal guarantees, the setting
of interest rates and so on (money used to be backed by physical gold in Fort Knox, but that hasn't been the
case since the 1970s).
It is in fact the
case that the amount
of currency in circulation has not been affected by any
of these policies (such as quantitative easing by major
central banks).
Bernanke sought to shoot down criticism
of the Fed's easy - money policies and strengthen the
case for new efforts by the
central bank to bring down what he described as gravely high unemployment.
Central banking is perhaps history's best example
of government attempting to fix a problem — in this
case, the instability resulting from the practice
of fractional reserve
banking — and making things much worse in the process.
Years
of aggressive
central bank policies haven't resulted in the type
of accelerated global growth one might expect, so Brooks Ritchey, Senior Managing Director at K2 Advisors, Franklin Templeton Solutions, wonders if there is an alternate universe where that is in fact the
case.
As has been the
case in many Western countries,
central banks have expressed frustration at the stubbornly low levels
of inflation.
Payments and the representation
of fiat currency on Blockchains is a potentially significant use
case for distributed ledger technology and we firmly believe that partnership between regulators,
central banks and the financial services sector will accelerate solutions to maturity.»
-- Longer - term (which today means after the referendum), it is possible that stocks will recover and the yen will weaken again in the
case of a «no» vote, after which fundamentals may return to drive
central bank rhetoric and actions to a greater degree.
-- For now, the press is reporting that
central banks are mulling dollar supply via bilateral swap lines in the
case of a liquidity squeeze upon a «no» vote.
A few months ago, Blinder wrote an op - ed in the Wall Street Journal making the
case for Yellen, who he said «outside the narrow confines
of economists and people who dote on
central banking... is virtually unknown.»
Central banks are facing a special
case of the socialist calculation problem pertaining to the financial system.
No, the Federal Reserve
Bank of St. Louis argues that there's only a
case for
Central Bank electronic money.
The European
Central Bank shall also be consulted in the
case of institutional changes in the monetary area.
Salisu revealed in the documents, that he once took $ 47million, which was withdrawn from the
Central Bank of Nigeria (CBN) in 11 suit
cases to Dasuki's house.
They have since U-turned on both the timing and the scale
of the austerity measures; Cable claims he was persuaded
of the
case for deep and early cuts, «not by other politicians, but by talking to the most senior officials in the government and the
central bank [who said] that we had to act».
Justice (Mrs.) J. O. Abdulmalik
of the Federal High Court sitting in Ibadan on Wednesday refused to grant bail to defendants in the N8bn mutilated currency fraud
case involving staff members
of the
Central Bank of Nigeria and some commercial
banks.
Returns are strong - more than 20 percent over the following year - in
cases where a growing number
of long - term interest rates and
central bank rates are falling or are unchanged.
The first is to increase interest rates through the
central bank, in the
case of the U.S., that's the Federal Reserve.
Repo rate is the rate at which the
central bank of a country (RBI in
case of India) lends money to commercial
banks in the event
of any shortfall
of funds.
Definition: Repo rate is the rate at which the
central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of fu
bank of a country (Reserve
Bank of India in case of India) lends money to commercial banks in the event of any shortfall of fu
Bank of India in
case of India) lends money to commercial
banks in the event
of any shortfall
of funds.
Case in point — after the European
Central Bank (ECB) policy meeting this summer that quashed market expectations
of an imminent ECB shift to normalize policy.
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 stud
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 stud
Bank of England, Mexican and Thai currency debacles make for interesting
case studies.
Replace them with four Protean 75kW in hub electric motors with a linear generators and a gas bottle in the front, a computer driving and braking each wheel independently and a couple
of banks of batteries in steel
casings either side
of the
central cylinder — and you have the makings
of a very nice 300kW (400hp) vehicle.
Furthermore, the AG's reference to the Grimaldi and Gauweiler
cases also support this opinion: only acts, whatever they are, adopted by an EU institution (like a recommendation from the Commission in the first
case, and decisions
of the Governing Council
of the European
Central Bank, in the second
case) are concerned by Article 267 TFEU.
(a) The Claimants»
case on the point at the hearing was made by reference to a Dubai Court
of Cassation decision (
Central Bank of Sudan v Africa Alpha Capital 1 Co Ltd, Appeal no 480/2012 Commercial, where the defence was put forward that the court lacked jurisdiction under the Vienna and Riyadh Conventions because the
Bank was a «public venture forming a part
of the government entities
of the Republic
of Sudan that enjoys immunity from judicial proceedings and is not subject to the jurisdiction
of the State Courts».
The lawsuit was among a group
of cases filed by Perkin & Faria in 2011 against American Savings
Bank,
Central Pacific
Bank and
Bank of Hawaii.
He will be remembered for
cases such as
Central Trust v. Rafuse and Canadian Pacific Hotels Ltd. v.
Bank of Montreal and R. v. Thomsen
Members have over recent years advised and represented a wide range
of private clients and
central and local government bodies on a number
of high profile state aid
cases including
cases arising out
of the
banking crisis, challenges to public funding
of broadcasters, and public support for major infrastructure projects.
This was then reflected in 2010 with the Eurozone debt crisis with sovereigns hoarding their cash reserves at their
central bank in
case of potential runoffs on their bonds and deposits.
The applicable tax will be deducted at source, i.e.
Central Bank of India, in
case the annual interest earned crosses Rs. 10,000.
However, the
central bank is still hesitant on allowing cryptocurrency trading as explained by the chairman
of State Duma Committee for Financial Markets, Anatoly Aksakov, «The
central bank is against the legalization
of this type
of digital currency, since in this
case, citizens can start actively investing in crypto - tools, not taking into account possible risks.»
The
central bank said that Lithuania's laws regarding securities, crowdfunding, collective investment schemes and the offering
of financial services more broadly could impact the blockchain use
case, per the text
of the position note.
Singapore's
central bank has been studying the potential risks posed by cryptocurrencies, but there is as yet no strong
case to ban trading
of the digital coins in the city - state, Deputy Prime Minister Tharman Shanmugaratnam said.
Central Banking / Legal / Marshall Islands / News / SOV / Sovereign / The Republic
of the Marshall Islands / Use
Cases & Verticals
In this hybrid model, a
central bank delegates the authority
of validating transactions to a number
of other institutions that are called «Mintettes» (similar to miners in
case of bitcoin and other crypto currencies).
Paper money is ultimately backed by governments that will take it in payment
of taxes (and
central banks that will reduce the monetary base in
case of inflation).
Representatives
of the Indonesian
central bank and the national police force on the island have teamed up to investigate
cases of cryptocurrency trading deemed illegal by authorities in Jakarta.