Sentences with phrase «says currency intervention»
-LRB-...) But a new paper by former senior U.S. Federal Reserve economist Joseph Gagnon says currency intervention — when a government forcibly lowers the value of their exchange rate — has an impact on other economies several times larger than originally thought.
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The yen's ascent to 15 - month highs has triggered verbal intervention from policymakers including Finance Minister Taro Aso, who said he would «respond appropriately» to currency fluctuations.
China's central bank likely spent about $ 90 billion worth of reserves in currency interventions in January, leading to net capital outflows of about $ 113 billion from China during the month, the Institute for International Finance said on Tuesday.
Bernanke also provided a key insight into how central banks view cryptocurrencies like bitcoin, saying, «Bitcoin is meant to be an attempt to replace fiat currencies and evade government regulation and government intervention.»
In a highly unusual intervention for a civil servant, Treasury permanent secretary Nicholas MacPherson signed and released a public letter to Osborne saying he would «advise strongly against a currency union as currently advocated».
He said apart from these social intervention programmes, the NPP administration also transformed the economy «by improving on our currency, the strength of our cedi, the banking system and the private sector making sure that the environment was good for businesses to flourish.»
Masters says that the key reason for such a fast adoption of digital currencies is its decentralized way of operation without any intervention from the central banks.
«Any of the pieces we sell can still be purchased via conventional fiat currency, but purchasing via cryptocurrency enables buyers to purchase peer - to - peer, person - to - person, without the intervention of a centralized authority,» Dadiani said.