Purchases
in sentence
793 examples of Purchases in a sentence
The third element of Draghinomics – similar to the QQE of Abenomics – will be quantitative and credit easing in the form of
purchases
of public bonds and measures to boost private-sector credit growth.
Now Draghi has signaled that, with the eurozone one or two shocks away from deflation, the inflation outlook may soon justify quantitative easing (QE) like that conducted by the US Federal Reserve, the Bank of Japan, and the Bank of England: outright large-scale
purchases
of eurozone members’ sovereign bonds.
It simply does not and will never have enough funds to undertake the massive bond
purchases
required to stabilize the debt markets of large economies such as Spain and Italy.
Markets noticed that the euro seemed caught between a rock (the EFSF’s limited borrowing capacity) and a hard place (the European Central Bank’s great reluctance to engage in large-scale
purchases
of financially troubled governments’ bonds).
The EFSF could then conduct very large
purchases
of government debt by levering up its limited capital through ECB refinancing, using the government bonds it is buying as collateral.
Fed Chairman Ben Bernanke talked openly of “tapering” the Fed’s policy of open-ended bond purchases, also known as quantitative easing (QE).
But the Chinese have proved completely unwilling to pick one camp or the other, as they stand to benefit from more
purchases
of Russian energy exports and new opportunities as Western firms become more squeamish about doing business in Russia.
Moreover, China mainly
purchases
raw materials from India, while selling it mostly value-added goods.
Nonetheless, though monetary policy has not helped to kick-start growth in the eurozone, many observers continue to argue that, in order to help governments address their fiscal challenges, the ECB must launch quantitative easing (large-scale
purchases
of long-term assets).
In mid-2013, when the Fed announced that it would gradually reduce its unconventional monetary-policy measures (for example, large-scale
purchases
of mortgage-backed securities), emerging markets suffered large capital outflows.
Startups such as Acorns – an app that automatically allocates a proportion of everyday
purchases
to a pre-selected investment portfolio – are making rapid inroads into a very competitive marketplace.
Part of the problem is that the CPI does not reflect how consumers change the composition of their
purchases
over time as relative prices change.
Not proceeding now with bank recapitalization and government bond
purchases
would similarly lead to disaster.
Limiting the ECB’s
purchases
of government bonds ex ante, as the German court requires, would be nonsensical, because it could easily invite market speculation.
The alternative is to continue on the current path, which has led to six of 17 eurozone members being helped in some way – such as through emergency lending or large-scale bond
purchases
by the ECB – since the euro crisis began.
It may also stop government
purchases
from Chinese companies like Huawei, and force Chinese firms and wealthy individuals to reduce investments that have hitherto bolstered US asset prices.
After Abe appointed Haruhiko Kuroda as the new head of the Bank of Japan (BOJ) and charged him with getting the inflation rate to 2%, Kuroda loosened monetary policy immediately and dramatically, by slashing interest rates and launching large-scale
purchases
of long-term government bonds.
An alphabet soup of measures has been served up: ZIRP (zero-interest-rate policy);QE (quantitative easing, or
purchases
of government bonds to reduce long-term rates when short-term policy rates are zero);CE (credit easing, or
purchases
of private assets aimed at lowering the private sector’s cost of capital); and FG (forward guidance, or the commitment to maintain QE or ZIRP until, say, the unemployment rate reaches a certain target).
The state financed their
purchases
and investment projects with seemingly inexhaustible oil revenues.
BERKELEY – Since December, when the US Federal Reserve began tapering its monthly
purchases
of long-term assets, emerging-market currencies have fallen across the board.
Spending on transfer payments and/or nonmilitary
purchases
– which can become entrenched or be procured more cheaply from abroad (for example, solar panels and wind turbines, respectively, in America’s 2009 fiscal stimulus) – is also likely to yield only a small multiplier.
Some resorted to capital-account regulations on inflows, such as taxes on the foreign
purchases
of bonds, equities, and derivatives, reserve requirements on short-term inflows, and so forth.
Growing income inequality in most countries before the Great Recession only made matters worse, by reducing household savings and increasing credit for consumption and asset purchases, rather than augmenting investment in new economic capacity.
In Africa, very few people borrow money for such
purchases.
Both suffered little financial fallout from the currency weakness that followed the Fed’s announcement last May that it would “taper” its
purchases
of long-term assets.
So it had to invent a new tool: liquidity injections from its balance sheet through unprecedented asset
purchases.
Direct
purchases
remain subject to a quota, in the form of a limited number of so-called Qualified Foreign Institutional Investor licenses.
The creation of the European Stability Mechanism, the European Central Bank's new supervisory role, and the ECB’s
purchases
of sovereign bonds over the course of the last year have provided much-needed relief to Europe’s beleaguered peripheral economies.
The minutes of the January 29-30 meeting of the Fed’s Federal Open Market Committee (FOMC) speak to a simmering discontent: “[M]any participants…expressed some concerns about potential costs and risks arising from further asset purchases.”
It would finance the
purchases
by issuing European Treasury bills – joint and several obligations of the member countries – and pass on the benefit of cheap financing to the countries concerned.
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