Sentences with phrase «importance of central bank»

From there, for instance, comes their insistence on the importance of a central bank legally and totally independent of all governments or again on the inscription in the constitution of the prohibition of any budgetary deficit.

Our analysis also confirms that inflation expectations play a major role in the inflation process, pointing to the importance of central bank credibility.

Not exact matches

But none of globalization's effects on inflation, not even the potential reduction in inflationary bias, diminish the importance of the principal objective of central banks: setting policy to achieve low and stable rates of inflation over time.

In his speech, Yifei emphasized the importance of 2018 for China's long - term economic strategy, and discussed how the central bank's gold and silver department used problem - oriented, market - oriented, and livelihood - oriented «philosophy, style and methods» to promote reform and innovation in «key areas» of «currency bullion» as well as «currency gold and silver business.»

On November 4, 2017, Yao Qian, the Deputy Director of the PBoC's Science and Technology Division and director of the PBoC Digital Currency Research Institute, reportedly spoke in Beijing, where he highlighted the importance of state - backed, central bank - issued cryptocurrency in an increasingly digital world.

This Eurozone financial crisis of summer and autumn 2011 shows the importance of distinguishing between two applications of central bank money and debt creation.

The speech concludes by reiterating the importance of keeping a strong focus on durably lifting growth prospects and noting that policies beyond central bank actions need to do more in this regard.

Such arrangements are a common and valuable feature of institutional systems in other countries with independent central banks and recognise the importance of macroeconomic policy co-ordination.

The importance of these insights for a proper understanding of central banks» devices for monetary control becomes instantly apparent once one realizes that, by regulating the actual quantity of its outstanding notes and deposit balances, together with the terms upon which it is willing to make more of the last available on credit to private sector financial firms, a central bank is able to influence, not just the quantity of circulating paper money, but the quantity of money substitutes created by the private sector.

Due to the importance of these key decisions taken by the central banks, their pronouncements are often followed by a press conference.

While Fan supported the development of a government regulated digital currency, noting that one objective is, ``... to further intensify reform and innovation, solidly promote the R&D of the central bank's digital currency», he reiterated the importance of protecting the yuan against unofficial virtual currencies.

Michael Ellis, Minister for Arts, Heritage and Tourism, said: «Jodrell Bank played a central role in transforming our understanding of the Universe and is therefore a site of global importance.

Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance.

To be sure, bitcoin is hot, but its bigger importance is what it represents: An emerging alternative to central - bank - issued currencies, governed not by a centralized authority but by a combination of math, consensus and clever code.

According to a report by South China Morning Post, Yao Qian, who leads cryptocurrency research for China's central bank, explained the importance of introducing digital legal tender at a forum in Beijing, Saturday.

At the G20 Hamburg Summit, an international forum for the governments and central bank governors from 20 major economies, Russian President Vladimir Putin emphasized the importance of digital technologies.

In the future, whether central banks believe in the technology that supports bitcoin or not would be of less importance.

South Korean finance minister Kim Dong - yeon has underlined the importance of blockchain technology while holding talks with the chief of China's central bank on cooperative economic policies.

The U.S. Congress is expected to be making key decisions next year on banks in real estate, affordable housing, energy reform, terrorism insurance, taxes, and bankruptcy reform — all issues of central importance to real estate markets and the health of communities.