Reserves
in sentence
1741 examples of Reserves in a sentence
In this context, it is noteworthy that China, with a closed capital account, has foreign-exchange
reserves
of US$286 billion, four times the size of India's, though China's economy is only double India's size.
After all, along with reduced current-account and trade surpluses, China’s consumer-led shift to saving absorption likely entails diminished accumulation of foreign-exchange
reserves
and reduced recycling of those
reserves
into dollar-based assets such as US Treasuries.
The Chinese acknowledge that they enabled Americans to borrow and spend beyond their means by parking China’s massive foreign
reserves
in US government securities.
Such an outcome, however, would also leave the South with most of Sudan’s oil
reserves.
Rather than shielding Russia’s private enterprises, he engineered a domestic liquidity freeze, which led to a sharp drop in GDP of 9.5% in the first quarter of 2009, despite Russia’s huge foreign
reserves.
Faced with faltering economic growth, the People’s Bank of China has stepped up efforts to restore stability to the renminbi, using its vast foreign
reserves
to prop up its exchange rate and stem the flow of funds fleeing the country.
But, having suffered currency and capital-account crises with greater openness, many emerging-market economies still feel compelled to accumulate huge
reserves
to protect themselves in the face of greater global financial volatility.
The US Federal Reserve Board has pumped out trillions of dollars of reserves, but never have so many
reserves
produced so little monetary growth.
The Fed has printed new bank
reserves
with reckless abandon.
But almost all of the
reserves
sit idle on commercial banks’ balance sheets.
For the 12 months ending in July, the St. Louis Fed reports that bank
reserves
rose 31%.
Indeed, almost all the
reserves
added in the second and third rounds of QE, more than 95%, are sitting in excess reserves, neither lent nor borrowed and never used to increase money in circulation.
With $2 trillion in excess reserves, and the prospect of as much as $85 billion added each month, banks receive $5 billion a year, and rising, without taking any risk.
In normal times, there are valid reasons for paying interest on excess
reserves.
It should stop paying interest on excess
reserves
until the US economy returns to a more normal footing.
Most important, it should announce a strategy for eliminating the massive volume of such
reserves.
Selling $2 trillion of
reserves
will take years.
It must do more than repeat that the Fed can raise interest rates paid on
reserves
to encourage banks to hold them.
MBS is convinced that Saudi Arabia’s vast oil
reserves
will be far less valuable in the future, owing to the rise of alternative fuels and renewable-energy technologies.
Under Vision 2030, MBS will try to monetize the upfront value of Saudi Arabia’s oil
reserves
as much as possible.
The insurance subsidiaries were not responsible for the obligations of their parent company, and their claims toward policyholders were backed by required
reserves.
Communicating such a commitment clearly would induce parties to derivative transactions not to rely on a governmental safety net, but to monitor whether their partners have adequate
reserves.
And, unlike many of its developing-country rivals, China has ample fiscal space, household savings, and foreign-exchange
reserves
for such investments.
If they shift their money abroad, the managed exchange rate will become unsustainable: even China’s $3 trillion of foreign-exchange reserves, down from close to $4 trillion in 2014, look small next to $30 trillion of financial assets.
But, while centuries of struggle to end colonial rule and apartheid have not changed this much, now Western influence is being challenged by China, which likewise covets Africa’s rich
reserves
of minerals and resources.
For example, Chinese representatives disbursed almost $2.3 billion to acquire a 45% stake in one of Nigeria’s offshore oil fields and promised to invest an additional $2.25 billion in develop the
reserves.
In response, central banks may intervene in currency markets to prevent appreciation, at the cost of accumulating low-yield foreign
reserves
and diverting themselves from their primary goal of price stability.
Optimists like to point out that emerging markets have accumulated a huge stock of international
reserves
since 2010, enabling them to self-insure against a run on their currencies or their foreign debt.
The data are not fully reliable or comparable across countries, but quick calculations reveal that there are many emerging markets where such short-term debt is 50% or more of the stock of international
reserves.
And dollar debtors may not be alone in staking a claim on those
reserves.
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