Reserves
in sentence
1741 examples of Reserves in a sentence
Iran, it is often claimed, has no need for nuclear power, given its abundant oil and natural gas
reserves.
Despite all this, massive excess bank
reserves
remain unlent.
And, of course, China’s outsize backstop of $3.8 trillion in foreign-exchange
reserves
provides ample insurance in the event of intensified financial contagion.
Add to that China’s other strengths – annual GDP of over $10 trillion, a growth rate at least four percentage points higher than the global average, $3 trillion in foreign-exchange reserves, a savings rate of 40% of GDP, and a massive trade surplus – and an exchange-rate crisis seems highly unlikely.
According to Standard and Poor’s, for example, “The rating on EFSF reflects our view that guarantees by ‘AAA’ rated sovereigns and freely available liquidity
reserves
invested in ‘AAA’ securities will, between them, cover all of EFSF’s liabilities.”
The recent move by the 28-member International Energy Agency to release oil from strategic
reserves
proves this point.
Given the extent to which China’s foreign policy is shaped by the pursuit of long-term raw-material supplies – including the South China Sea’s hydrocarbon
reserves
– could the claims be economic in nature?
True, it could start to sell off some of its $1 trillion in US dollar
reserves.
As QE expands the size of these central banks’ balance sheets, the monetary base (currency in circulation and commercial banks’ reserves) also grows.
These governments are not only appropriating resources from domestic households and businesses, subtracting from their consumption and investment; given that major developed countries issue international-reserve currencies, they are also collecting seigniorage from developing countries’ growing foreign-exchange
reserves.
In fact, QE has driven developing countries to expand their foreign-exchange
reserves
by roughly $2.8 trillion since 2008, as the added liquidity that the policy has generated has moved to developing countries through trade and capital flows.
On January 9, 2011, the people of Southern Sudan will vote for independence from the North, taking with them up to three-quarters of the country’s known oil
reserves
and placing millions of civilians in the direct path of war.
The upswing in commodity prices that began in 2004 brought many benefits for Brazil: external surpluses, the accumulation of foreign-exchange reserves, positive wealth effects, and higher investment in natural-resource-related sectors.
In 2014, the discovery of vast energy
reserves
in the waters between Cyprus and Israel led some to hope that peace would soon be at hand; but the potential energy bonanza ended up aggravating tensions.
Iran harbors hegemonic ambitions which it seeks to realize by means of its military potential, oil and gas reserves, its nuclear program, its influence over Shiites throughout the region, and its efforts to upset the status quo within the Arab Muslim world.
For capital and big business, EU membership is an economic imperative, offering access to 500 million consumers and
reserves
of cheap, qualified labor.
At the most basic level, there were not enough gold
reserves
around to back the monetary needs of a growing world economy, especially since the prices of goods had risen sharply as a result of wartime money printing.
Thus, the major currencies could be only partly backed by gold
reserves.
Investors knew that if everybody tried to convert a national currency into gold, there would not be enough gold
reserves
to go around.
The limited gold
reserves
created the possibility of a self-fulfilling panic.
One by one, the Central Banks raised interest rates and tightened credit policies to try to slow the loss of gold
reserves.
Thus, China will continue to accumulate large foreign-exchange
reserves
this year.
At the same time, the interest rate paid on the central bank’s foreign reserves, mostly in dollar-denominated US Treasuries, is low.
Some countries may need temporary controls to curb damaging capital outflows, but policymakers should aim for a market-based exchange rate and a solid plan for governing inflation, debt, foreign-exchange reserves, current accounts, and fiscal balances.
Ten years after the common currency’s introduction, the 16-member euro zone has the world’s second most important currency, accounting for more than a quarter of all central banks’ foreign-exchange
reserves
and having overtaken the dollar as the currency of choice for international bond issues.
As a result of reduced debt and enhanced reserves, their creditworthiness improved during the 2003-2007 boom.
Another approach championed at the Johannesburg meeting was to establish a representative network of Marine Protected Areas (MPAs), including no-take
reserves.
And, to address volatile capital flows, countries should increase exchange-rate flexibility, maintain adequate international reserves, and implement carefully designed capital controls.
It is of course tricky to establish the level of government spending that is consistent with intergenerational equity, owing to uncertainty about oil reserves, future oil prices, and investment returns.
But the often-heard justification for this assumption – that humanity is rapidly depleting these scarce resources – is inconsistent with real-world events, as innovation has effectively expanded oil, gas, and coal
reserves
to unprecedented levels in recent years.
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