Asset
in sentence
1608 examples of Asset in a sentence
But Turkish democracy itself is not yet consolidated, and this is a precondition for Turkish foreign policy to become an
asset
for the EU and the US.
The G-20 promised to triple the Fund’s lending capacity (from $250 billion to $750 billion), issue $250 billion of new Special Drawing Rights (a reserve
asset
made up of a basket of major currencies), and permit the Fund to borrow in capital markets (which it has never done) if necessary.
Macro-prudential policies are not a substitute for sound macroeconomic policies; nonetheless, they are essential to preventing large
asset
bubbles and distortions in financial markets, and thus to reducing the risk of adverse shocks to both markets and the real economy.
The downside risks to the prices of a wide variety of risky assets (equities, corporate bonds, commodities, housing, and emerging-market
asset
classes) will remain until there are true signs – towards the end of 2009 – that the global economy may recover in 2010.
Moreover, according to the Swiss Re report, “monetary policy and central bank
asset
purchases have aggravated economic inequality via equity price inflation.”
She argues that focusing on
asset
prices ignores the role – helpful for all income groups – of the Fed’s monetary policy in maintaining growth and thus warding off the threat of a wholesale depression.
But the transition from here to there will be very challenging for financial firms, be they banks,
asset
managers or, particularly, insurers.
Exports are weakening, domestic credit is slowing, and
asset
prices are showing worrying volatility.
More consequential, the European Central Bank has committed to a large and relatively open-ended program of large-scale
asset
purchases.
But the rapid expansion of credit brought about by foreign financial intermediaries using various channels (including direct lending, lending via banking subsidiaries, and lending via leasing subsidiaries) has fueled
asset
booms and heightened exposure to foreign-exchange risk.
But there is a deeper problem that has been overlooked: the US economy relies upon
asset
price inflation and rising indebtedness to fuel growth.
On one hand, policy must fuel
asset
bubbles to keep the economy growing.
The similarities are large trade deficits, manufacturing job loss,
asset
price inflation, rising debt-to-income ratios, and detachment of wages from productivity growth.
The new business cycle also embeds a monetary policy that replaces concern with real wages with a focus on
asset
prices.
Whereas pre-1980 monetary policy tacitly aimed at putting a floor under labor markets to preserve employment and wages, it now tacitly puts a floor under
asset
prices.
Rather, the economy has become so vulnerable to declines in
asset
prices that the Fed is obliged to intervene to prevent them from inflicting broad damage.
The essential role of
asset
inflation has been especially visible as a result of the housing bubble, which also highlights the role of monetary policy.
In effect, the new cycle locks the Fed into an unstable stance whereby it must prevent
asset
price declines to avert recession, yet must also promote
asset
bubbles to sustain expansions.
That way, wage income, not debt and
asset
price inflation, can again provide the engine of demand growth.
That way, China can avoid the kinds of
asset
bubbles that swelled in the last several years, when rapid credit growth failed to support the real economy.
This concept of risk builds on a neglected insight of John Maynard Keynes, who was keenly aware of the centrality of imperfect knowledge for understanding price fluctuations in
asset
markets.
The previous meeting, in late October, had already set the stage for the normalization of monetary policy, with the announcement that the ECB would halve its monthly
asset
purchases, from €60 billion ($71 billion) to €30 billion, beginning in January 2018.
This includes ensuring that borrowers are accountable and that their liabilities are transparent; deleveraging municipal debt through
asset
sales and more transparent financing; and shifting the burden of resolving property-rights disputes from regulators to arbitrators and, eventually, to the judiciary.
Unification of onshore and offshore markets is more important than a floating exchange rate in determining whether the International Monetary Fund will include the renminbi in the basket of currencies used to determine the value of its reserve asset, the Special Drawing Right.
How can one use market prices as an indicator of inflation far into the future and simultaneously justify QE by claiming that most investors stick to certain
asset
classes and thus do not follow market signals efficiently?
When
asset
prices fall as a result of such selling, the solvency of other firms can be affected – even if the creditworthiness of the underlying
asset
has not really changed.
Were those products’ success the result of a unique Apple asset, namely Steve Jobs, or is the company well positioned to produce the next big thing?
Because financial markets are prone to create
asset
bubbles, regulators must accept responsibility for preventing them from growing too big.
That is why
asset
bubbles could grow so large during his tenure.
Creating an international pool of expertise could become an important
asset
for European universities, while enabling European industries to create new jobs.
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