Sentences with phrase «central government money»

All of the aforementioned factors, of course, deal with state projects competing for a small pool of central government money.

Not exact matches

Under this hypothetical policy, governments transfer money directly to taxpayers to encourage spending, a handout funded by issuing bonds with a coupon of zero and no maturity date, which central banks buy.

Normally, when we think of money — the dollar, the euro, the yuan, whatever — we think of governments, and central banks, and mints printing up paper bills behind fortified walls.

The term refers to a central bank using newly created money to purchase government bonds and other securities.

This is a material threat given the vast quantities of money that central banks are printing to keep the banking and government sectors from defaulting on their monumental financial obligations.

If the Central Bank creates money to refinance the bonds, then it will, effectively, be printing money to fund the government's budget deficit.

These minutes underscore a central tension in the bitcoin story: it is a technology whose popularity is tied to its ability to undercut the government and incumbent financial industry's role in currency and money transmission, but one that clearly needs the blessing of both to reach its full potential.

However, the money could also destabilize the country further by deepening tensions between the central government, aligned with Turkey and Qatar, and Puntland and Somaliland, which both receive money from the UAE.

Unlike modern fiat money, Bitcoin, which has often been called «cash for the Internet,» is not controlled or backed by any bank or central government authority, like the Federal Reserve, for example.

President Lyndon Johnson's administration feared her defection would disrupt relations with the Soviet Union, but after the Central Intelligence Agency helped stow her in Switzerland, American publishers offered her so much money for her memoirs that the government let her in on her own dime.

Central banks printed money with abandon while governments shovelled it into failed banks and ran up massive deficits.

When taxing capacity falls short of financial commitments, central banks usually end up printing money to buy up government debt.

The IMF is expected to lend the Baltic, central European and other debtor - country governments money to pay them.

The idea here is essentially to work out how to set up cross-border mutual - fund type structures to invest in bonds issued by regional governments and quasi-government authorities, and to show the way with a modest amount of central bank money.

«Now, the end of this shift away from government central bank money creation to commercial bank credit creation is that there has to be a bankruptcy — a debt write down.

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

Both governments, with ambitions to create state - sponsored cryptocurrencies, are looking to take advantage of the promise that Bitcoin introduced to the world financial system: a new kind of money and financial infrastructure, outside the control of any central authority, particularly the United States.

The central bank under its previous chairman, Jean - Claude Trichet, had long resisted more aggressive action, unwilling to flood the market with money the way the Fed did in 2008 until governments committed to reining in spending and deregulating their economies.

Instead, we should have been financing our budget deficits by having our central banks (or the ECB) simply create the money and credit it to the various governments» spending accounts — that is, by using helicopter money..

«The central banks» plans for printing money to buy bonds from national governments running huge deficits can not be considered a long - term solution to debt problems.»

Suppose the quantity of money is increased by tax reduction or government transfer payments, government expenditures remaining unchanged and the resulting deficit being financed by borrowing from the central bank or simply printing money [he adds a footnote, which Friedman lifted without direct attribution: «Open market operations are different, because they result merely in a substitution of one type of asset for another.»]»

The government also has pumped vast sums of money into these banks by letting them speculate against the central bank's futile attempts to defend the ruble's exchange rate, a policy whose main effect has been to subsidize capital flight.

He has produced a deep treatise on government debt, served as chairman of a world - spanning regulatory body, run Italy's central bank (while remaining coolly removed from the scandals and fracases of Italian politics) and made a pile of money working at Goldman Sachs — all without being pigeonholed as an academic, regulator or investment banker.

He has suggested, of course, that governments and their central banks cooperate to stimulate their national economies without adding to their national debt levels by using some variant of «helicopter money.»

By providing the grease that kept money flowing, central bankers superseded governments — they set the cost of money and provided the confidence in ongoing liquidity — the world was their battlefield.»

We could talk about the traditional money's traditional pitfalls and legacy weaknesses — geography bound, proportional to the strength of the government's ability to run the nation, the value being fixed by a central authority and such.

If the Trump Administration or any subsequent U.S. government were to prevent central banks, investors and savers from buying U.S. Treasuries the U.S. Dollar would no longer be 60 or so percent of the money exchange for world goods and services.

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).

The central bank prints money, lends it to the government, and the government sooner or later spends it (or uses it to cut taxes or increase transfer payments).

This is why having the central bank lend money directly to the government is a bad idea.

In surging, gold blurted out the Deep State Central Planners» strategy for dealing with the Great Financial Crisis: the hyperinflation of bond, equities and real estate prices via the hyperinflation of both official and totally clandestine, off - the - books money supply, in order to create the hyperinflation of tax revenues desperately required by the government to forestall its fiscal collapse.

Previously, PBoC vice governor Fan Yifei said that a central bank digital currency should have «controllable anonymity» so that the government could mitigate money laundering, terrorist financing, and other financial crimes.

In a fiscal emergency, especially under fiat money systems, formerly independent central banks tend to lose their independence and begin printing money to pay the government's bills, more money than is consistent with low inflation.

Juwai.com Vice President Byron Burley speaks to Greg Bonnel of BNN on House Money about Chinese property investor interest in Canada following tougher foreign buyer taxes, as well as policy changes by the Chinese government and central bank.

Central banks can print money, adjust interest rates and conduct open market operations, which involve the buying and selling of government securities.

In other words, central banks should consider printing money for governments to spend directly rather than just to buy up bonds.

Base money and the central bank's holdings of Japanese government bonds (JGBs) each have swollen to almost ￥ 400 trillion ($ 3.9 trillion), which is now 80 percent of the country's GDP, and they continue to expand at a pace of ￥ 80 trillion ($ 780 billion) annually.

While this sounds like monetary madness, it should be remembered that Ben Bernanke, former Chair of the US Federal Reserve, urged such action on the Japanese government a decade ago to deal with that country's deflationary crisis, and referenced Milton Friedman's argument that a central bank financed stimulus via a «helicopter drop» of money could have saved the United States from the Great Depression.

While mortgage lenders have tightened their wallets since 2008, corporations have been borrowing with abandon, abetted by trillions of dollars in central bank liquidity and investors searching for yield they can no longer find in government bonds or money markets.

Friedman himself argued back in the 1950s that all expansion of the money supply should come from central bank financed government deficits rather than from new credit creation by the banking system.

She's also calling for a government takeover of the French central bank (which is currently an independent entity that doesn't print money for the Treasury) and the creation of a currency system like the one previously used across the eurozone.

So this money just moves in sort of an elaborate circle from the Troika, which is the European Commission, the European Central Bank, and the IMF, through the Greek government, through the Greek banks, and then they pay the foreign creditors.

Governments were expected to tax away land rent and natural resource rent, regulate monopolies to bring prices in line with actual cost value, and create basic infrastructure with money created by their own treasury or central bank.

The central bought all those bad loans and government debt with made up money over the last decade, but now, they want to market it to the private sector.

Option (e) remains extremely risky given the massive levels of outstanding government debt (and potential for fiscal crisis) and therefore low in probability in our view, but the idea came to the fore in investor consciousness after the BOJ held meetings with former FOMC Chairman Bernanke, credited for applying the idea of «helicopter money» to deflation - fighting in central bank policy.

Although discussions of monetary policy since the crisis have mainly had to do with the quantity of money, and central banks» efforts to expand that quantity so as to stimulate spending, the effects of the crisis, and of governments» response to it, on the quality of money, and especially on the investments its holders have been funding, deserve at least as much attention.

For example, to add liquid all that has to be done is for the government to increase its spending and / or for the central bank to create some money out of nothing.

The money we use in our day to day lives is not at all scarce, governments and central banks can and do print as much of it as they like.

Number one is: it opened the door to endless money printing because up until that point if the Fed chose to print a ton of currency, central banks and foreign governments could still convert their dollars into gold if they wanted to via the Fed.

The major long - term driver of the gold price is confidence in the official money and in the institutions (governments, central banks and private banks) that create / promote / sponsor the official money.