The Fed should follow rules when making policy to give the public a better
understanding of the central bank's actions, Fed official Loretta Mester said.
Secondly, it needs to communicate a general
understanding of the central bank's reaction function.
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.
The Fed chair's quarterly news conferences have drawn great attention since her predecessor, Ben S. Bernanke, began holding them in 2011 to improve public
understanding of the central bank's actions.
For a classic
understanding of central banking, do not read Ben Bernanke.
Not exact matches
«It's hard to
understand why the BOJ is still cautious about adopting a price - stability target,» Kuroda wrote, eight years ago, before the
central bank was strong - armed this year into adopting a binding inflation target
of 2 percent.
Last year, economists at the
central bank published a working paper that sought to
understand the overall weakness
of Canadian exports by investigating the foreign sales
of dozens
of industrial subgroups.
«It is encouraging to see this major
central bank seeing the need to move with the times and
understand its role in dealing with one
of the major challenges facing our economies today: climate change,» said James Leaton, research director at the Carbon Tracker Initiative.
There was a clear, if implicit,
understanding that, if the state
of the macroeconomy and the inflation outlook were to change materially, the
central bank would respond appropriately.
According to a press release dated March 14, the Eastern Caribbean
Central Bank (ECCB) has signed a Memorandum
of Understanding with FinTech firm Bitt Inc. for a multifaceted blockchain pilot that will involve the «issuance
of a digital [Eastern Caribbean] currency which will operate alongside» physical Eastern Caribbean currency.
«It takes time for markets to become comfortable in the sense that they can
understand — or think they can
understand — what the M.O.
of particular
central bank leadership is all about,» said Mark Spindel, founder
of Potomac River Capital.
Continuing into the early afternoon, the panel moved through several tangential topics, all
of which seemed to be laying a foundational
understanding for how
central bank digital currencies (CBDCs) might emerge relative to other possibilities, including government - issued cryptocurrencies, e-money, and digital fiat currency (DFC).
I
understand bond prices are driven by the long end
of the rate curve more importantly than the short end which the
Central bank influences through the overnight
bank rate.
She
understands the level
of malinvestment, mispricing and lack
of price discovery as the unintended consequences
of repressive and obfuscating monetary policies
of central banks.
The world sits back and lets the Swiss
central bank actively be a currency interventionist, but the Swiss are smart enough to
understand that they don't want to just hold everybody else's currency; they are buying real assets through their process
of intervention.
As stated it betrays a lack
of understanding how fractional reserve
banks (whether under free or
central banking) actually work.
Of course, its criticism must be understood within the context of the modern day central banking syste
Of course, its criticism must be
understood within the context
of the modern day central banking syste
of the modern day
central banking system.
According to the prepared document cited by The Guardian «The [Greek] government commits to consult and agree with the European commission, the European
Central Bank and the International Monetary Fund on all actions relevant for the achievement
of the objectives
of the memorandum
of understanding before these are finalised and legally adopted.»
From my limited
understanding of the issue it would seem that, in many countries, privately owned and controlled
central banks, responsible for printing new currency to stabilize the economy, have the power to inject the newly produced currency into projects
of their own choice.
In an attempt to better
understand the issues underlying the debate, the researchers evaluated the model used by economists — from
central banks to the International Monetary Fund — to predict the impacts
of government spending.
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.
Most
of these
central banks have all
of the US Dollar assets that they want already, and they
understand the fundamental situation regarding the US Dollar.
I have zero
understanding of macro economics, money supply and
central banking, that is why I am asking
Unfortunately, Frost's
understanding of economics is poor, leading to a relatively shallow (but certainly textbook these days) discussion
of central banking and the regulatory framework in general.
Gain a better
understanding of the current investment environment in the U.S. and globally with emphasis on how the past quantitative easing actions by
Central Bank, and how deficit fiscal spending are possibly creating asset bubbles especially in equities.
Today gold is
understood from a Common Knowledge perspective only as a shadow or reflection
of a powerful stand - alone Narrative regarding
central banks, particularly the Fed... what I will call the Narrative of Central Banker Omnip
central banks, particularly the Fed... what I will call the Narrative
of Central Banker Omnip
Central Banker Omnipotence.
I think the
Central Bank circular was based more on fear
of the unknown than an attempt to really
understand what the technology means for the burgeoning Nigerian economy.
Nigerians must
understand that adequate notice has been issued by all financial sector regulatory authorities, namely
Central Bank of Nigeria, CBN and Nigerian Deposit Insurance Corporation, NDIC, to warn Nigerians who want to trade in bitcoins as gamblers.»
Claiming it was «too early» to state if cryptocurrencies will succeed, the minister who oversees Singapore's
central bank, suggested that the «full implications»
of cryptocurrencies will take time to
understand if they do succeed in society.