Besides physical property like houses or vehicles,
monetary assets like investments, savings or future paychecks can also be used as collateral for a personal loan.
For an individual consumer, this could be a physical asset like a car or house, or
a monetary asset like an investment, savings account or future paycheck.
Not exact matches
The divergence was years in the making, with the breakdown starting in 2013 due to expectations of
monetary tightening which dampened the appetite for risk
assets like commodities.
The
assets that, until recently, made her look
like the obvious choice to succeed Bernanke — being a Fed veteran, having intimate knowledge of QE and forward guidance, a well - known stance on
monetary policy and a scholarly focus on unemployment — now seem
like weapons to fight the battle of yesteryear.
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.
The Fed's accommodative
monetary policy after the recession helped goose stock prices, in part by lowering yields on safer
assets like Treasury bonds.
Finally, looser
monetary policy implies that the economic situation is not as rosy as many would
like to believe, so if the Federal Reserve acts by loosening
monetary policy and driving down real interest rates then that sends a message that the economy is in a bad place therefore investors buy gold as a safe haven
asset.
Here's how
monetary policy operates in a world
like this (taken straight from Bernanke and Gertler,
Monetary Policy and
Asset Price Volatility, 1999).
In the world of cryptocurrencies I want a reserve
asset that sits at the bottom of Exter's
Monetary Pyramid that can be 1) incorruptible and 2) a standard against which all other
monetary -
like assets, including utility tokens
like Ethereum, can be measured.
It goes something
like this: When a community property business has achieved «goodwill», as defined by the laws of the State of California, that «goodwill» has a
monetary value which becomes an
asset of the marriage.