Sentences with phrase «few central banking systems»

Not exact matches

Displaying what Donald (now Dierdre) McCloskey once characterized as «the intellectual range from M to N,» there is no real comparison of the Fed's record with that of the system that preceded it; no mention of other monetary systems circa 1913 that had better records than the United States (most pertinently, that of Canada); not nearly enough acknowledgment of the great harm the Fed has caused more than once in its history; no discussion of why a few other central banks — though surprisingly, only a few — have performed better than the Fed; and no inkling that central banking may not be the best of all possible systems in the best of all possible worlds.

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.

Are depressions caused by panics leading to a loss of confidence in the system because a few key areas have failed, and if we patch those up using government / central bank help, everything will go back to normal?

Banco Central do Brasil eying on Blockchain Technology for settlement system A new technical research paper recently released by The Central Bank of Brazil evaluates blockchain use cases and reviews a few of the available platforms to establish working prototypes of a...