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Monetary in sentence

5081 examples of Monetary in a sentence

Moreover, a common monetary policy combined with independent fiscal policy is bound to fail: the former increases unemployment in weaker economies because the interest rate reflects average eurozone indicators (with large weights on Germany and France), but keeps borrowing costs low enough that weak economies’ governments can finance fiscal profligacy.
Several countries successfully joined the eurozone after fiscal and monetary reforms.
Europeans now have a regional monetary fund, which Asians wanted but could not have.
And, third, low policy interest rates in the advanced economies are not necessarily evidence of ample accommodation by the monetary authorities.
The court may have deferred to the European Court of Justice on the question of the European Central Bank’s “outright monetary transactions” scheme; but it will not be able to do the same with respect to fiscal sovereignty, because the constitution is clear, and the ECJ has no standing to interpret German constitutional law.
Containing Competitive Monetary EasingMUMBAI – As the world struggles to recover from the global economic crisis, the unconventional monetary policies that many advanced countries adopted in its wake seem to have gained widespread acceptance.
More problematic, the disregard for spillovers could put the global economy on a dangerous path of unconventional monetary tit for tat.
To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.
Greater coordination among central banks would contribute substantially to ensuring that monetary policy does its job at home, without excessive adverse side effects elsewhere.
With a few rare but laudable exceptions, officials at multilateral institutions have not questioned these unconventional monetary policies, and have largely been enthusiastic about them.
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth.
The threat posed by competitive monetary easing matters to everyone.
And, when it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure.
Likewise, monetary authorities have been playing an increasingly active role, with the major central banks’ balance sheets having expanded from about $5.5 trillion in 2005 to $13.9 trillion earlier this year.
“Grexit,” in turn, could be the beginning of the end of the monetary union, as investors would wonder which member – possibly even a core country (for example, Finland) – will be the next to leave.
Europe, for its part, has long been fixated on Bretton Woods, the 1944 conference in New Hampshire that, among other things, created the International Monetary Fund and a rules-based international monetary system of fixed but adjustable exchange rates.
But, as the euro’s current troubles demonstrate, a common currency requires unified and centrally established monetary and fiscal policies, which presupposes political integration – a process that is likely to be no less difficult in Africa than it has proved to be in Europe.
Traditional explanations focus on bad monetary policy.
Germany’s monetary breakdown after World War I also stemmed from the issuance of war bonds to the German public.
Some proponents of helicopter money, such as Adair Turner, former head of the United Kingdom’s Financial Services Authority, argue that this danger can be neutralized with clear rules to limit the use of monetary and fiscal stimulus.
The truth is that the central bank would struggle to defend its independence once the taboo of monetary financing of government debt was violated.
All forms of monetary stimulus – from quantitative easing to negative interest rates – carry risks.
Pulling the OMT TriggerCHICAGO – Europe has been experiencing a period of calm after the storm since European Central Bank President Mario Draghi’s “whatever it takes” speech in July and the ECB’s decision in September to proceed with its “outright monetary transactions” (OMT) program to purchase distressed eurozone members’ government bonds.
The French, and the Germans (though the latter less willingly), have made the achievement of monetary union the foundation of their EU strategy.
If either were to fail these tests, monetary union would be stillborn.
Unless a big recovery of the French economy occurs, with a significant fall in the unemployment rate, any incoming French socialist government would be under pressure to launch an expansive budgetary policy, which might be incompatible with monetary union in Europe.
He cannot be sure that France will pass the test for monetary union on time.
But this insight is not reflected in monetary union’s design.
The demand for a different monetary order, as advocated by China, sets the stage for a renewed effort to avoid the international imbalances which were at the root of this crisis.
The most obvious example of this is finance and banking, where former employees of a single firm, Goldman Sachs, hold some of the most senior regulatory and monetary positions – and not just in the United States.
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