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Monetary in sentence

5081 examples of Monetary in a sentence

An example of a red policy would be when unconventional monetary policies do little to boost a country’s domestic demand – but lead to large capital outflows that provoke asset-price bubbles in emerging markets.
The IMF’s Article IV states: “In particular, each member shall … avoid manipulating exchange rates or the international monetary system in order to prevent effective balance-of-payments adjustment or to gain unfair competitive advantage over other members…”Setting the rules will take time.
We can pretend all is well with the global monetary non-system and hope that nothing goes spectacularly wrong.
An unintended, but not unexpected, consequence of monetary easing has been sharp increases in cross-border capital flows.
Neither monetary policy nor the financial sector is doing what it’s supposed to do.
A common money and a common monetary policy cannot work properly with a banking system that is segmented along national lines.
The discussion of monetary policy is especially divisive.
Emerging-market policymakers in big countries such as Brazil, China, and Turkey routinely attack the US and its monetary policy as a source of inflation, social tension, and political instability.
As many economists, notably Jeffrey Frankel, have shown, prices on these markets are established by an auction-like process; as a result, commodity markets transmit the effects of monetary expansion particularly quickly.
By contrast, branded products, into which producers have sunk major investments in securing the market, have prices that are much stickier and do not reflect the effects of monetary policy as rapidly.
Europe’s Economic GroupthinkFRANKFURT – During the recent hearing on the constitutionality of the European Central Bank’s measures to prevent the eurozone from falling apart, Andreas Vosskuhle, President of Germany’s Constitutional Court, raised an important question: Do non-German economists condemn the ECB’s outright monetary transactions (OMT) as unequivocally as all but one of the German experts testifying?
It’s a fiscal issue, the typical German economist says, and monetary policy will not help; on the contrary, activating it will only make matters worse.
Of course, everyone would prefer it if the line between monetary and fiscal policy had not become blurred as a result of the crisis.
Likewise, German legal scholars interpret the ECB’s activities as being incompatible with European treaty provisions that prohibit bailouts and monetary financing of the debt of eurozone members.
Nonetheless, the ECB is right that it is faced with very different monetary conditions in different member states; indeed, the eurozone is akin to a badly working fixed-exchange-rate system, with all of the attendant risks.
In fact, the minimal prerequisites for a working monetary union are not discussed upfront and transparently anywhere.
The main justification for a monetary union cannot be the possibly disastrous consequences of its falling apart.
Originally, Europe’s monetary union was supposed to provide a stable framework for its deeply integrated economies to enhance living standards sustainably.
World monetary conditions seem to point to a protracted period of high liquidity and low international interest rates.
It worked, but in a way fundamentally different from how monetary policy normally works.
But it should be clear that this was not a sui generis monetary policy; it was a bailout.
But the European Council also created a Task Force under President Herman Van Rompuy to elaborate concrete proposals for reforming the monetary union.
This is the choice that European leaders now confront: a radical step forward toward political or policy integration, or a clear framework to deal with the consequences of a member country’s failure to abide by the fundamental rules of the monetary union.
Denmark was one of 12 states voting on the Maastricht Treaty, the aim of which was European economic and monetary integration, and the other 11 states were eager to move the process along, in order to prepare the EU for the new post-Cold War era.
Regional groups of countries in eastern, southern, and western Africa are all giving priority to the idea of creating a monetary union.
A common currency requires unified and centrally agreed monetary and fiscal policies.
Before the euro’s arrival on the international financial scene in 1999, the only examples of countries with common currencies were neo-colonial francophone Africa and nineteenth-century precedents like the Latin American and Scandinavian monetary unions.
When it comes to exchange rates, the members of Africa’s economic groupings would be better off linking their currencies in regional monetary systems to prevent large fluctuations relative to one another.
Skeptics worry that the economic progress may not last, arguing that the high growth rate is simply a reflection of loose monetary policy and fiscal stimulus – a strategy that inflation will render unsustainable.
Since the global economic crisis, the expansionary monetary policies that advanced-economy central banks have pursued have caused large-scale, volatile capital flows across emerging-economy borders, generating significant instability for these countries and fueling accusations of “currency wars.”
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