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Monetary in sentence

5081 examples of Monetary in a sentence

In other words, central banks will have to confront the same policy dilemmas that attended the global financial crisis, including the “choice” of whether to pursue unconventional monetary policies.
Given that financial push is bound to come to economic shove once again, unconventional monetary policies, it would seem, are here to stay.
As it stands, conventional monetary policy has had – and American-style QE will have – little impact on the eurozone’s core countries.
Europe today has a common currency and the European Central Bank (ECB), which have proven to be bulwarks in defending monetary stability during the financial crisis.
In the case of a financial crisis, this usually includes fiscal and monetary easing, as well as rescue operations for larger financial institutions.
For example, many central banks followed the Federal Reserve’s excessively loose monetary policy.
The monetary union would be rid of a recurring problem, and a eurozone decision to allow or invite Greece to leave would bolster the credibility of its rules.
There are three reasons why Grexit could still seriously weaken Europe's monetary union.
Domestic and foreign investors would scrutinize more closely whether an asset's value would be affected by a breakup of the monetary union.
Fiscal and monetary policies had focused on boosting industrial growth, without regard to macroeconomic balance, resulting in chronically excessive demand and widespread shortages.
Failure to design an effective fiscal stimulus shifted the burden to monetary policy.
Twice in the twentieth century – in 1931 and again in 1969-70 – France helped to bring down the world monetary system.
Japan waited almost two years after its asset bubble collapsed to ease monetary policy and provide a fiscal stimulus, whereas in the US both steps came early.
In the interim, the burden of adjustment will fall largely on monetary policy, which will be particularly challenging given the structural “tightness” in liquidity in the more productive sectors.
For example, on monetary affairs, the Bretton Woods conference created the International Monetary Fund in 1944, and it has since expanded to include 186 countries.
But the dollar’s global pre-eminence was the crucial feature of monetary cooperation until the 1970’s.
After the weakening of the dollar and President Richard M. Nixon’s decision to end its convertibility into gold, in 1975 France convened leaders of five countries in the library of the Chateau de Rambouillet to discuss monetary affairs.
At the same time, the G-7 continued to meet on a narrower monetary agenda; new institutions, such as the Financial Stability Board, were created, while bilateral discussions between the US and China played an increasingly important role.
Second, they could continue to rely on conventional monetary and fiscal policy to pull the economy out of the doldrums.
Low rates also leave central banks little room for loosening monetary policy in a slowdown, because nominal interest cannot fall below zero.
Germany is, of course, no advocate of an Anglo-Saxon growth model that requires monetary expansion and inflation.
Nor will ECB President Jean-Claude Trichet be intimidated by French pressure to pursue a softer monetary policy.
Some even suggest that it would be good for the monetary union.
ECB President Mario Draghi’s confidence trick, in the form of his declaration in 2012 that the monetary authorities would do “whatever it takes” to preserve the euro, has worked so far.
Although interest-rate spreads for Italian and Spanish ten-year bonds relative to German bonds briefly jumped 30-50 basis points after the results were announced, they then eased to 300-350 basis points, compared to 500-600 basis points before the ECB’s decision to establish its “outright monetary transactions” program.
All of this is happening in the midst of extremely expansionary monetary policies and near-zero interest rates, except in the countries facing immediate crisis.
China’s leaders should aim to accelerate and build upon these trends, rather than pursuing additional fiscal and monetary stimulus.
With interest rates already very low, advanced economies’ central bankers know that they must go beyond ordinary monetary policy – or lose credibility on inflation.
Beyond the domestic impacts, all monetary policies have external “spillover” effects.
If so, what we need are monetary rules that prevent a central bank’s domestic mandate from trumping a country’s international responsibility.
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