Sentences with phrase «financial system policies»

It's therefore crucial to deepen our understanding of how the various transmission channels for monetary policy can be affected by variables that could be targets for financial system policies.

So we need to deepen our understanding of the links and potential trade - offs between monetary and financial system policies.

Not exact matches

Poloz's press conference followed the release of the central bank's December Financial System Review, which concluded that a record household debt burden makes Canada vulnerable to a housing crash, although policy makers see little reason to think that will happen.

I would encourage you to remember that the current low levels of interest rates, while in the first instance a reflection of the Federal Reserve's monetary policy, are in a larger sense the result of the recent financial crisis, the worst shock to this nation's financial system since the 1930s.

U.S. - educated Yi, 60, a protege of respected predecessor Zhou Xiaochuan, is widely seen as a safe pair of hands, ensuring policy continuity as China persists with its crackdown on risks and a debt build - up in its increasingly complex financial system.

Its monetary policy has no traction because the euro area's weak, undercapitalized and, in many cases, utterly dysfunctional financial system is incapable of funding businesses and households.

«The FPC [Financial Policy Committee] judges the UK banking system could continue to support the real economy through a disorderly Brexit,» the BoE said.

Before incorrectly blaming the Fed and the ECB for their allegedly ineffective monetary policies, investment strategists would do well to reflect on the depressive impact of an unreasonable haste to balance budgets, and on political leaders» inability to strengthen the financial systems (in the U.S. and in Europe) and to negotiate a better balanced world economy.

Extraordinary instruments and techniques of monetary policy used by the Fed have been an appropriate response to an imploding financial system and the ensuing recession of exceptional severity.

December 2002 (769 kb PDF file): Research summaries on IMF conditionality and country ownership of reforms and on public policies and the Millennium Development Goals; country / area study: Hong Kong SAR; summaries of conferences on challenges to central banking from globalized financial systems and on globalization in historical perspective; agenda of Third Annual IMF Research Conference; summary of September 2002 World Economic Outlook; visiting scholars at the IMF; contents of latest issue of IMF Staff Papers, other IMF research publications.

The housing bubble in the United States, which triggered the financial crisis in 2008, had highlighted the danger of using the financial system to make up for the failures in social policies.

However, we also need to envisage a case where the effects of monetary policy on financial stability are not limited to one sector, as in the case we just saw, but spread across many different parts of the financial system.

In that case, monetary policy's ability to get in all the cracks of the financial system — to paraphrase former Federal Reserve Governor Jeremy Stein — would give it a more powerful influence on financial stability.8

Policymakers should not move fiscal policy from stimulus to austerity until the financial system is clearly stable and the economy is enjoying self - sustaining growth.

An example is the United States after the 2007 — 09 crisis: easy monetary policy cushioned the economy and also helped heal a broken financial system.

Many central banks, especially during the most acute phases of the crisis, also employed policies known as «credit easing,» which involves purchases of private sector assets in certain credit markets that are important to the functioning of the financial system but are temporarily impaired.

To understand the policy implications of globalization, one has to try to understand both the impact of these constraints and distortions and the interaction of these policies with the forces of technology and competition that are pushing or pulling economies and financial systems closer together.

The global financial crisis, like the Great Crash of 1929, also reflected widespread regulatory shortcomings and other weaknesses in a number of countries.1 But it is likely that monetary policy played at least a contributing role in encouraging the buildup of leverage and asset prices in a fragile financial system.

Later, I'll consider how monetary policy might complement other policies that work more directly on the financial system.

My remarks will focus on the following question: Should a central bank's decisions on monetary policy account for the stability of the financial system and, if so, how?

Those countries with less - developed institutions and financial systems, limited policy credibility, greater foreign currency debt and / or more precarious economic situations are certainly more exposed than others to external shocks.

Of course, fiscal policy also has its limits, since an excessive buildup of public debt can create its own problems for both the economy and the financial system.

«I expect that the evolution of the financial system in response to global economic forces, technology, and, yes, regulation will result sooner or later in the all - too - familiar risks of excessive optimism, leverage, and maturity transformation reemerging in new ways that require policy responses.»

It is responsible for monetary policy, decisions aimed at promoting a sound and stable financial system, and the strategic direction of the Bank.

In particular, a variety of attributes make Canada an attractive investment destination, including our sound public finances, resilient financial system, and credible monetary policy.

As a member of the Bank's Governing Council, she shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

Where risks pose a threat to the financial system, the Review explains the issue and the policy response.

Tiff is a well - known expert in monetary and financial systems and has contributed articles to academic journals, as well as providing chapters and commentaries on monetary and financial sector policy and international economics in books and conference proceedings.

As I've already noted, Fed policies have significant effects internationally, given the central place of U.S. markets in the global financial system and the dollar's status as the leading global reserve currency.

As you know, the New York Fed plays a special role within the Federal Reserve System in the implementation of monetary and exchange rate policies largely by dint of its unique location in the financial capital of the United States, if not the world.

This resulted in monetary policy working more broadly through the financial system, rather than being focused only on banks, making it more effective and also less distorting.

This area covers policies and regulations, such as prudential or consumer regulations, as well as technology and other competitive pressures affecting the financial services industry, financial markets and the financial system as a whole, and their ability to effectively perform their core economic functions.

This group meets twice a decade to study ways to improve the nation's multifaceted financial system, and has historically galvanized the nation's financial institutions into action, playing a leading role in China's domestic and foreign fiscal policies.

These are the types of policies that are being developed to minimize the risks posed to the global financial system by banks which are too big to fail.

I am proud that he was a Harvard undergraduate during my time on the faculty at Harvard and I think that the Bank of England is fortunate to have someone with his degree of experience in public policy and also experience as a participant directly in financial markets, at the helm at what will be a challenging time for the city of London and England and the global financial system.

The Federal Reserve is targeting stock prices with it's monetary policy because, if it did not, the financial system would collapse led by collapsing pension funds and the housing market.

Finally, as a recent report from the Committee on the Global Financial System (CGFS) describes in detail, central bank monetary policies have a clear impact on the volume of repo.

Ms. Kudva is a member of several policy - level committees relating to the Indian financial system, including committees of the Securities and Exchange Board of India and the Reserve Bank of India.

His published research has focused on exchange rate and monetary theory and policy in open economies, the international monetary system and financial stability.

As long as this behavioral condition remained in place, the international financial system operated fairly smoothly under checks and balances, albeit under «stop - go» policies when business expansions led to trade and payments deficits.

The financial system is to become monopolized and trustified, reversing two centuries of economic policy to prevent financial dominance of the economy.

This involved assessing vulnerabilities affecting the global financial system and proposing actions to address them, promoting implementation of financial sector regulation and policies and monitoring implementation of the agreed reforms.

But, once the model was in place, he and his team began approaching financial institutions and digitising their credit policies, while also integrating with their (FIs) systems.

And while I have not been involved in the Bank's Financial Stability area before, I was part of the Financial System Group when it was established in 1998 — sitting in its sister department Payments Policy.

The perception remains that gold is not needed to mitigate risk because investors believe central bank policies can manage the economy and overcome financial system problems if they arise.

Changes in monetary policy mean a change in the operating target for the cash rate, and hence a shift in the interest rate structure prevailing in the financial system.

Specifically, the proposed wording gives the Bank the power to purchase any securities or «other instrument «it likes «for the purposes of conducting monetary policy or promoting the stability of the Canadian financial system.»

NAHB looks forward to working with Secretary Mnuchin and his team to promote tax policies, financial regulations and a housing finance system that will strengthen the American economy and keep the residential construction industry moving in the right direction.»

Though China has made strides in opening its equity and bond markets to foreign investors, American banks and securities firms have complained for decades that China's ownership - cap policy marginalized them in one of the fastest - growing financial systems on the planet.

First, it is critical for regulators to complete their efforts at implementing a macroprudential approach to enhance resilience within the financial system, which will minimize the likelihood that monetary policy will need to focus on financial stability issues rather than on price stability and full employment.