Sentences with phrase «institutions of last resort»

The report is chilling in its description of how school closures and privatization are destroying America's big cities and turning urban public school systems into institutions of last resort.

Not exact matches

When the financial system comes under stress, a central bank may need to calm financial markets through open market operations or act as the lender of last resort to financial institutions to forestall bank runs.

It is the belief of the owners that the best way to counter the losses incurred by the league is to propose changes to the current CBA that include: the institution of a hard salary cap with incentive - based salaries that also includes a salary floor, elimination of free - agent exceptions, raised age limits for players to enter the draft, revenue sharing among all NBA teams, and as a last resort, relocation or contraction of teams in the league.

Though Scotland's Futuresuggests otherwise, it is likely that a corollary of this is that a great deal of financial regulation will also be undertaken at the British level: if the Bank of England is to act as lender of last resort, it will also want to have some control over financial regulations that mitigate the risks run by Scottish institutions.

If you only think of the possibility to resort to online dating, you certainly would deal Dating as an institution is a relatively recent phenomenon which has mainly emerged in the last few centuries.

The discount window, while providing last resort funding for situations that have some prospect of containment, is not intended to be the final funding source for financial institutions that have absolutely no hope of survival due to a complete collapse in confidence.

4) Eric Rosengren, president of the Federal Reserve Bank of Boston, comments on the difficulties involved in effective regulation of financial institutions as a lender of last resort.

In its discount window operations during crisis times, that is, when acting as lender of last resort to some institution or IPC, the central bank will also often have to act as market maker of last resort because it will have to value financial instruments for which no meaningful market price is available.

The counterparties of the central bank in these lender of last resort operations were commercial banks (shorthand for deposit - taking institutions whose main liabilities were deposits withdrawable on demand and subject to a sequential service (first - come, first served) constraint.

The article set the stage for tuition, complete with lies about the history of tuition at Cooper Union, a vague roadmap for Bharucha's plan to «Reinvent» the institution, and public statements that by now read as clear falsehoods: ««Altering our scholarship policy will be only as a last resort... I will not be forcing solutions on the organization,» Bharucha said, adding that he wanted employees, students and alumni involved in finding answers.»

Then they had no lender of last resort when various predatory short sellers started a run on the «bank» and started the cascade failure of other institutions holding Bear and Lehman securities and CDS's.