Banking
in sentence
2429 examples of Banking in a sentence
We must begin to change this by providing the financial and technical assistance countries need to establish reliable
banking
systems and tax administrations.
Greece has gotten but a pittance, but it has paid a high price to preserve these countries’
banking
systems.
The privilege that government debt enjoys under current
banking
regulations should be eliminated, and an independent
banking
regulator, separate from the European Central Bank, should be established within the eurozone.
The logic of sound
banking
tells us that current and future African governments should accept liability only for those portions of public debts that were incurred to finance bona fide domestic investment or public consumption.
We did not know if the UK’s
banking
crisis was over; if its very large fiscal deficit (amounting to nearly 12% of GDP) was sustainable; or what the interest rate would be in two years, much less 20.
Her three predecessors – Ben Bernanke, Alan Greenspan, and Paul Volcker – were each re-appointed to second terms by a president of the opposite party from the one who first appointed them, reflecting the value of continuity and predictability in central
banking.
But the EU
banking
union remains incomplete, Greece and the Italian
banking
sector are facing challenges, and the aftershocks of the euro crisis could still undermine the EU’s stability – or even threaten the common currency.
The debt burden destroyed consumer confidence and undermined the
banking
system, crippling the economy.
Furthermore, China’s
banking
system, which remains subject to extensive government control, lags far behind those of the US and Europe in terms of efficiency and transparency.
South Africa has the know-how to meet Africa’s burgeoning need for a wide range of services, from
banking
and insurance to retail and transport.
Indeed, South African banks already command a 12% share of Sub-Saharan Africa’s
banking
market (outside their home country); with the regional market growing by more than 10% per year, they could nearly double this share by 2030.
Although the 2008 financial crisis exposed profound institutional shortcomings, the response – including heightened regulatory safeguards like the 2010 Dodd-Frank Act in the United States and the Basel III
banking
standards – has failed to bring about the needed transformation.
Powered by an open-source algorithm and maintained by anyone who chooses to download the free software, Bitcoin marks a return to a community-based approach to money and banking, with financial services more closely connected to the people who use them.
A letter to Congress with a similar conclusion was signed by 120 academics with expertise in bankruptcy,
banking
regulation, finance, or all three.
Service industries such as communications, transportation, banking, insurance, energy, education, and health are key drivers of development, while both tourism and construction currently have high growth potential.
That implies that policymakers should concentrate on communications, tourism, banking, transport, and energy, followed by education, health, and construction services.
But 2.5 billion people worldwide still lack access to formal
banking
services, credit facilities, or savings instruments.
In developing countries, an estimated 1.7 billion people own mobile phones but have no access to
banking
services.
Regulators and local private institutions can collaborate to create safe and accessible
banking
and credit instruments.
That is how Brazil developed a regulatory framework that has enabled banks to build a network of 95,000
banking
agents.
First, they intervened to prevent the financial system’s collapse, and, later, to stop a sovereign-debt and
banking
crisis in Europe.
While the pendulum has swung from squeezing out excess inflation to avoiding deflation, price stability remains the sine qua non in central
banking
circles.
As a staff economist at the Fed in the 1970s, I witnessed first-hand the birth of the Great Inflation – and the role played by inept central
banking
in creating it.
It could agree to swift bank recapitalization, a
banking
license for the European Stability Mechanism, and a more expansionary ECB policy.
The broader lesson should be clear: when a natural hazard wreaks havoc on a power grid, there is a high potential for cascading impacts on dependent systems, such as
banking
and finance, government services, transport and communications, and drinking water.
The ECB’s decision last week to withhold credit to the country’s
banking
system, and thereby to shutter the banks, was both inept and catastrophic.
But momentum is flagging, both on implementing the agreed reforms and on progress in areas like derivatives and shadow
banking.
There are good reasons, however, to be skeptical that this will be the panacea that credit markets are (literally)
banking
on.
One of the normal roles of a central bank is to be a “lender of last resort” when bank failures threaten to destabilize the
banking
system and the economy.
Before EMU, each central bank looked after its own
banking
system.
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