Sentences with phrase «monetary authority controls»

Bitcoin — and any of the 800 other cryptocurrencies — takes this idea to the next level, the main difference being that no third party or monetary authority controls its issuances or transactions.

Not exact matches

An important and useful element of the thinking at the time was the replacement of the earlier «control theory» approach to policy (i.e. the belief that the central point was to find an appropriate spot on the Phillips curve and to stay there), towards a «game theoretic» view, in which the critical issues related to behaviour — the interaction between the monetary authorities and the public.

But this still did not give the authorities effective monetary control, as evidenced by the limited success in achieving the monetary targets that were in place at that time.

In the Australian experience, notwithstanding some significant transitional difficulties, the move away from using direct controls to implement monetary policy to a system based on market operations ultimately gave the authorities greater scope to manage the economy, and helped pave the way for a return to economic stability.

Some would argue that by acting cautiously on balance sheet normalization (without actively countering impacts of ECB policy measures), Fed policymakers have partially ceded control of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:

Monetary policy is the process through which the monetary authority (central bank, currency board, or other regulatory committee) of a country controls the size and rate of growth of the money supply, which in turn affects interest rates.

While bitcoin was developed to disintermediate such centralized monetary authorities, the Bank of England believes it could use the technical ideas behind it to impose more control over its currency and provide new ways to stimulate the economy.

Monetary Policy: The techniques used by a monetary authority (such as the Bank of Canada or the Federal Reserve) to control the supply of money in a given currency, typically with the goal of manipulating either inflation or market interest rates.

Repo rate is used by monetary authorities to control inflation.

Since there isn't one global economy, there can't be a single monetary policy controlled by one authority that supplies a unified currency.

No central authority controls it, which means that nobody can modify the monetary policy or decide to take Bitcoins away from you like the CEB did in Cyprus in 2013.

It could render the existence of central authorities and their control over the country's monetary system useless.