He identifies three
central issues which need to be resolved in this experiment.
«This is
a central issue which must be addressed and real solutions — and the will to make the necessary changes - have been glaringly absent from the proposals so far,» he added.
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.
So while there are certainly arguments to be made in favor of a rules - based Fed over the pure discretion of the current PhD standard, such reform should not be viewed as a solution to the real
issue,
which is a
central bank having a monopoly on money at all.
The warnings follow a communiqué
issued by the Reef 2050 Plan Independent Expert Panel earlier in the month,
which argued that reducing emissions of greenhouse gases must be
central to protecting the reef, in addition to efforts to bolster coral resilience and reef ecosystems.
It felt free to
issue such an advisory, the
central bank said, in part because it was less worried about those record levels of consumer debt and the housing market, both of
which economists have said appear to be moderating.
The
central issue was whether Redstone's stock transfer was actually a gift to his two children (
which would require the tax payment) or, instead, an ordinary business transaction made for «full and adequate consideration» (
which wouldn't).
It is controlled by the monopoly supplier of reserves to the banking system (the
central bank) and the Treasury
which dictates the average outstanding maturity of the liabilities it
issues.
Yet the area is one that has attracted interest from Russia's private sector as well, including its
central securities depository
which began testing blockchain proxy voting - allowing shareholders to
issue votes on corporate decisions - last year.
At some point in 2018, Bank Indonesia (the country's
central bank) will reportedly trial a state -
issued cryptocurrency,
which is being referred to by Indonesian media sources as the «digital rupiah.»
An important and useful element of the thinking at the time was the replacement of the earlier «control theory» approach to policy (i.e. the belief that the
central point was to find an appropriate spot on the Phillips curve and to stay there), towards a «game theoretic» view, in
which the critical
issues related to behaviour — the interaction between the monetary authorities and the public.
This raises a number of
issues which are the object of vigorous debate at present among monetary authorities world - wide:
issues such the appropriate objectives for a
central bank and the desirable degree of independence.
The Korean
central bank recently released a joint research report titled, «Present Status and Key
Issues of Distributed Ledger Technology,
which «comprehensively reviewed and introduced the recent development of distributed ledger technology and the utilization on financial sector.
I fear that parts of the
central bank community have become blinded by the science and the technique, and that there has been excess allocation of intellectual resources to this pursuit (
which perhaps could have better been focused on financial stability
issues).
Despite the rumors for a centralized digital currency, China's
central bank governor Zhou Xiaochuan said that the country,
which still does not recognize Bitcoin as a legitimate payment method, is not in a hurry to
issue its own digital currency.
««Virtual currencies» means a digital representation of value that is neither
issued by a
central bank or a public authority, not attached to a legally established currency,
which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.
The Bank of Israel and the ministry stress that digital currencies are not legal tender, nor are they
issued or backed by a
central bank,
which means there is not legal requirement for anyone to accept or exchange them.
Continuing into the early afternoon, the panel moved through several tangential topics, all of
which seemed to be laying a foundational understanding for how
central bank digital currencies (CBDCs) might emerge relative to other possibilities, including government -
issued cryptocurrencies, e-money, and digital fiat currency (DFC).
The Bank for International Settlements (BIS),
which is jointly owned by the world's leading
central banks, noted in November that bitcoin could disrupt the ability of
central banks to exert control over the economy, as well as
issue money.
For instance, the
central bank has
issued draft guidelines to provide more strict definitions of such products under the umbrella of «asset - management products»,
which covers almost 100 trillion yuan worth of investment instruments.
Unlike the fiat currencies that are subject to regulation by the
central authorities of the country in
which they
issued, the CryptoBank cryptocurrency is decentralized, and therefore is not subject to geopolitical and age restrictions.
Siluanov said the decision to establish state control in the cryptosphere was made at the same meeting where Putin
issued these comments, a meeting at
which Siluanov, as well as Russian
Central Bank head Elvira Nabiullina and the CEO of the payment service Qiwi, Sergey Solonin, were present.
The European
Central Bank, in addition to buying member country sovereign -
issued debt is now buying corporate bonds, some of
which are non-investment grade.
My greatest
issue is when big brother steps into the frame,
which is why I brought up Kenneth Rogoff, because I think that he would like to see cryptocurrencies not be anonymous such that
central bankers were capable, this is the scariest thought I could possibly come up with, of tracking our every single buying transaction, our every purchase consideration and knowing what we are buying on a day - to - day basis.
In terms of Europe, the
issue there is that you've got a lot of distinct countries with their own individual
central banks none of
which can print the currency anymore.
The
central banking authority in India, Reserve Bank of India,
issued a circular earlier this month
which stated that no regulated body is allowed to provide services to those dealing with cryptocurrencies, whether individuals or organizations.
The commercial banks were deprived of the right to
issue notes,
which became a monopoly of the
central bank.
An economic survey of Japanese business
issued by the
central Bank of Japan,
which it then uses to formulate monetary policy.
The key
issues are not ones he addressed or on
which central features of his teaching cast any direct light.
The present essay is written in two tracks: the
central argument,
which appears as the text, and the Scholarly discussion, especially as regards
issues pertinent to the Annecy meeting,
which appears as the endnotes.
We now turn to the first two of the
central issues we identified in chapter 5: How to unify a theological school's course of study; and, how to keep the course of study adequate to the pluralism of ways in
which the Christian thing exists in actual practice.
But, of course, my
central interest was in your progress toward a confident faith,
which will put sense, meaning, and drive into your life, and I was happy to see that your serious thinking has
issued in some promising results.
A
central theme of my proposal is that these first two
issues appear to be mutually exclusive because of the unnecessarily abstract manner in
which they have been formulated.
It is to claim that for the purposes of addressing our three
central issues about theological schooling it is the decisively important mode in
which the Christian thing is present.
As the new literature about «theological education» began to grow during the past decade it quickly became clear [l] that for some participants the
central issue facing «theological education» is the fragmentation of its course of study and the need to reconceive it so as to recover its unity, whereas for others the
central issue is «theological education's» inadequacy to the pluralism of social and cultural locations in
which the Christian thing is understood and lived.
Capretta is particularly good in explaining that the
central issue is the demographic one,
which isn't going to be turned around any time soon.
The need for pure air, clean water, healthy food, adequate shelter, the regeneration of the species and the overcoming of all threats to human survival — these have once again become the
central issues to
which we must «devote» ourselves.
When we inquire further as to the concrete meaning of Jesus, after his death, within the life of the early Christian community, we find ourselves at once forced to deal with two theological
issues of fundamental importance: the nature of the church and the nature of revelation; for the essential and permanent significance of Jesus lies in the fact that he was the center and head of the church and that he was the
central figure in that revelation of God
which we have received and by
which we are saved.
What both of them recognized is that there is an important connection between their struggle with forgiveness and their faith; what they failed to see is that the practice of their faith should be
central in resolving the
issues of forgiveness with
which they struggled.
Henrik Ibsen has an interchange in his play, A Doll's House (written in 1879),
which states pointedly the
central issue in women's liberation:
(10) The truth of the assertion is illustrated throughout our discussion in this book,
which deals with the
issues and relationships that also are
central in religion.
Hitchens sees nothing of this and therefore fails to appreciate the
central issues bearing upon the phenomenon
which he is trying to describe.
Thus the
central and essential foundational question for me has to do with the basis on
which each individual person (and each purposive community) resolves the
issues of meaning and value for his or her (or its) life.
The year 1989 marks the year in
which, throughout the world, environmental
issues moved from being politically peripheral to being
central.
If we keep Christology
central, the vexed
issue of «transcendence,»
which has been raised in such a confusing way recently, would not be so bewildering.
He made the right of petition a
central issue through
which to agitate against slavery.
These
issues are due to be raised at the forthcoming Sustainable Foods Summit
which will be held in San Francisco, US, next month with food waste as its
central theme.
The key
issues we aim to highlight include the circular economy and sustainability (
which will be a
central theme in the area managed by the Conai association) and the products in the running for the Packaging Oscar (in the area managed by the Italian Packaging Institute).
Toe, fitness
issue or Wenger preferring a faster game (
which he hinted at last season in an interview where he said the game was evolving to ever faster strikers and faster
central defenders).
Meanwhile, the
issues in
central midfield and up front have been longstanding and need serious looking at this summer, as do the tactics in big away games
which are often questionable to say the least.