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Monetary in sentence

5081 examples of Monetary in a sentence

Such a new platform should also be used to work towards structural reform of the international monetary system aimed at reducing its excessive reliance on the US dollar as a reserve currency.
Unconventional monetary policy in the United States – and in other advanced countries, particularly the United Kingdom and Japan – drove down domestic interest rates, while flooding international financial markets with liquidity.
Under these conditions, monetary contraction (or slowing expansion) would have a recessionary (or a less stimulative) impact on other economies.
With flexible exchange rates, however, monetary-policy contraction in a major economy would stimulate other economies in the short run, while monetary expansion would damage their performance.
(To be sure, in the medium or long run, monetary expansion can facilitate increased domestic production and trade, thereby generating positive spillover effects.)
Likewise, weaker eurozone economies like Greece and Spain, which would prefer stronger monetary stimulus than their more competitive counterparts in Europe are willing to accept, may suffer.
In fact, the Fed – and other advanced-country central banks – should not be blamed for the negative effects of monetary expansion, either.
Japan’s bold monetary easing, for example, was a critical element of Prime Minister Shinzo Abe’s strategy for lifting the Japanese economy out of more than a decade of recession – and it has led to a remarkable recovery.
Similarly, emerging-market officials warned that monetary expansion in the US and the UK would trigger a wave of competitive currency devaluations, with Brazilian Finance Minister Guido Mantega going so far as to accuse the Fed and the Bank of England of waging a full-blown “currency war.”
The fact is that, with a flexible exchange rate, a country can offset the recessionary impact of a neighboring country’s monetary easing using its own independent monetary policy, guided by carefully chosen inflation targets.
Consistent with recoveries from such recessions, demand has grown slowly, despite unprecedented fiscal and monetary stimulus, and that explains why the unemployment rate remains high.
Yet the technocrats are back, now advocating a fiscal union to support the monetary union, with political union nowhere in sight.
If European monetary union is not leading toward the desired end, it – not the goal of ever-closer union – should be altered.
But, whereas fiscal stimulus boosts growth at home and abroad, enabling mutual reinforcement through world trade, monetary policy is guided primarily by domestic goals, and, in the short term, one country’s gain can be another’s loss.
The eurozone went one step further, aiming through monetary unification to eradicate fully the transaction costs associated with national currencies and exchange-rate risk.
The delegation of monetary policy to an independent central bank is the archetypal example: in the service of price stability, daily management of monetary policy is insulated from politics.
The second would mean giving up on monetary union in order to be able to deploy national monetary and fiscal policies in the service of longer-term recovery.
Similarly, the monopolistic structure was alleged to render monetary policy ineffective.
The eurozone’s experience during the recent financial crisis – especially when contrasted with that of the United States – highlighted the need for rapid, flexible decision-making by governments, not just monetary authorities.
One such idea also envisages the creation of sovereign-debt backed collateralized debt obligations While CDOs would not require any joint guarantees, they would help to enforce market discipline, while making it easier for the European Central Bank to implement monetary policy.
The answer, of course, will depend on monetary, fiscal, trade, and related policies in the United States and around the world.
On this front, I predict that the major central banks will continue to normalize monetary policies more gradually than is necessary.
The contractionary fiscal and monetary policies imposed by the Stability Pact and a European Central Bank fixated on inflation have taken a heavy toll.
A better mix of fiscal and monetary policies and sustained measures to enhance productivity and competitiveness remain necessary conditions for addressing America’s labor-market challenges.
Yes, the Federal Reserve could tighten monetary policy.
Eurozone member countries, the United States, the United Kingdom, and Japan are all working toward the same objectives – to boost demand and support job creation – at the same time, within the limited scope of conventional monetary and fiscal policies.
Weidmann should take a more constructive approach, encouraging central banks to discuss ways in which monetary policy can complement fiscal policy to support economic growth and job creation, and consider those policies’ impact on other countries.
In parallel, the ECB has announced an “outright monetary transactions” (OMT) program to purchase bonds already trading on the secondary market.
Calm has returned to financial markets, amid ironclad assurances by the European Union authorities – particularly the European Central Bank – that the monetary union will be preserved.
The obvious question is why the eurozone recovery is waning, even amid highly supportive expansionary monetary policies.
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