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Monetary in sentence

5081 examples of Monetary in a sentence

This was precisely the point that Zhou Xiaochuan, the governor of the People’s Bank of China, made in a 2009 speech challenging the view that only the US, through the dollar, could guarantee the functioning of the international monetary system.
As Zhou pointed out, the US dollar’s monetary dominance is underpinned by the Bretton Woods institutions, created after World War II.
Reforming the international monetary system, therefore, means reforming the governance of the multilateral financial institutions – an argument that China emphasized during its G20 presidency last year.
As the US retreats from the world stage and a multipolar global order emerges, the international monetary system may well be transformed – but probably not into a renminbi-led system.
The members that we represent – advanced and emerging countries in Asia and Europe – want to play a role in re-establishing a strengthened IMF at the heart of the international monetary system.
By early adoption I mean the shortest permissible period of time - two years - following a new member subordinating its monetary policy to the fiscal and monetary constraints of the exchange rate mechanism (ERM II).
Equally, the transition period is already turbulent, with convergence-driven capital flows driving up exchange rates and complicating monetary policy in several candidate countries, including Poland, the Czech Republic, and Hungary.
Short-term market interest rates will fall, but, as investors begin to recognize the ultimate inflationary consequences of very loose monetary policy, longer-term interest rates will rise.
When it burst, central banks moved aggressively to ease monetary policy in order to prevent a prolonged period of Japanese-style slow growth.
There are, no doubt, substantial risks of increased unemployment in the backwash of monetary unification, particularly when you factor in the already high unemployment levels in most European countries.
Two earlier attempts at closer monetary cooperation in Europe, the Werner Plan initiated in 1971 and the European Monetary System (EMS) of 1979, both failed.
It does not take into account the financial cycle, and thus produces excessively expansionary and asymmetric monetary policy.
Unfortunately, monetary policymakers’ effort to operationalize the objective of ensuring that the value of money remains stable has taken on a life of its own.
By undermining the efficient allocation of capital and fostering mal-investment, CPI-focused monetary policy is distorting economic structures, blocking growth-enhancing creative destruction, creating moral hazard, and sowing the seeds for future instability in the value of money.
In the last quarter of the twentieth century, many central banks used intermediate targets, including monetary aggregates.
Short-term consumer-price stability does not guarantee economic, financial, or monetary stability.
In describing the success of the Toyota and Linux networks, the Boston Consulting Group concludes that the hard power of monetary carrots and accountability sticks motivates people to perform narrow, specified tasks, but that the soft power of admiration and applause are far more effective stimulants of extraordinary behavior.
“A possible implication of this finding,” the ECB concluded, “is that policies aimed at stimulating aggregate demand (including fiscal and monetary policies) should play an even more important role in the economic policy mix.”
This left monetary policy the only available stimulus tool.
As a result, analysts and policymakers have started mooting ideas for unconventional fiscal policy to supplement unconventional monetary policy.
There is indeed the obvious danger that governments might easily become addicted to monetary finance to pay for private and public spending, which is why it is unlikely to be tried openly unless economic conditions worsen significantly.
The second reason why the Fed has global responsibilities is that its policies affect monetary conditions worldwide.
The standard trilemma of international monetary policy holds that countries cannot have fixed exchange rates, monetary independence, and free capital movement simultaneously, but they can have two of the three.
Simply put, populations are losing faith that the global development orthodoxy of good governance (including monetary and fiscal discipline) and free markets can benefit them.
Just as we have no global tax mechanism to ensure the provision of global public goods, we have no global monetary or welfare policies to maintain price stability and social peace.
The central bank is perhaps the most important of these institutions, for it conducts monetary policy (and sometimes serves as the financial-sector regulator).
Electoral cycles (and the accompanying political pressures) are such that monetary policy, banking, and many other areas of policy and economic activity must be overseen by those with professional competence and a much longer time horizon than that of politicians.
The financial impact was immediate: in anticipation of monetary easing, and after it began, the euro fell sharply, bond yields in the eurozone’s core and periphery fell to very low levels, and stock markets started to rally robustly.
Finally, Europe’s monetary union remains incomplete.
Thus, the ECB’s monetary policy will take on an increasingly beggar-thy-neighbor cast, leading to trade and currency tensions with the United States and other trade partners.
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