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Reserves in sentence

1741 examples of Reserves in a sentence

The monetary expansion has persisted since 2014, even as international reserves have diminished.
If the PBOC is to prioritize financial stability and commit to fulfilling its role as a lender of last resort, it may be preferable to accept that devaluation in inevitable – before the country’s foreign-exchange reserves are depleted.
Some measures may already have been exhausted: the country may not have any wealth or reserves left to tap, and there may be a shortage of willing lenders.
Currently, the euro is strengthening against the US dollar, because central banks in Asia and the Middle East are increasing the euro component of their foreign exchange reserves – a clear vote of confidence in the new currency and the ECB.
Perhaps the most startling projection is that the US will become an energy exporter by 2020, and will become energy self-sufficient 15 years later, owing to the plentiful supply of inexpensive shale gas and the discovery of massive oil reserves everywhere from North Dakota to the Gulf of Mexico.
Despite opposition from environmental groups, these reserves will be easier to exploit than those in Europe, because they are largely located in sparsely populated areas.
The plan highlights the need to take advantage of the opportunities afforded by shale gas and newly discovered oil reserves.
The central lesson taken from that crisis was to maintain large foreign-exchange reserves.
Back in the 1990’s, Asia’s fast-growing economies maintained small reserves, despite booming exports and foreign investment.
Once the tailspin began in 1997, governments’ lack of reserves hampered their ability to rescue failed banks, forcing them to appeal to international institutions for relief.
The political humiliation and economic frustration of dealing with IMF imperatives confirmed the central importance of maintaining large reserves, as an issue not just of currency stability, but also economic sovereignty.
There were many reasons for this, but foremost among them was that China had already amassed more than $100 billion in reserves, and refused to revalue its currency, when the crisis hit.
By capping the exchange rate and producing far more than it consumes, China’s reserves grew into a Leviathan, hitting the $1 trillion mark in 2005.
Over the past year and a half, China’s reserves skyrocketed to $1.8 trillion, far and away the world’s largest.
But the paradox is that today’s reserves are not real wealth that can be pumped back into the domestic economy.
Instead, China’s reserves mostly underwrite America’s debt.
Even before Wall Street hit the skids, there was growing consensus in China that its reserves had grown far beyond what was necessary to avert another 1997-style crisis.
On the contrary, it is still home to massive oil and gas reserves.
For example, China showed little interest in the Senkaku/Diaoyu Islands prior to 1968 – the year a geographical study pointed to vast oil reserves beneath the seabed.
The non-conditional reserves of oil are equal to about 250 times the conventional reserves and in theory could satisfy world energy needs (at today's levels) for the next 5000 years.
For now the non-conventional reserves are for the most part unexploited because they are uncompetitive on price with conventional oil and other sources of energy, such as natural gas.
Perhaps it will never become necessary to use these reserves of non-conventional fossil fuel, if the development of alternative technologies (for example, liquid hydrogen) should render oil obsolete.
But non-conventional oil reserves exist, and if one adds to it that the conventional reserves are sufficient to cover world consumption needs for the next few decades, it is clear that the problem of oil is not its scarcity.
Certainly, oil reserves are not infinite.
The ECB went so far as to pay banks to lend to business while, at the same time, punishing them for not lending (via negative interest rates for excess reserves).
Africa is estimated to hold more than 10% of global oil reserves and one-third of reserves of cobalt and base metals.
By contrast, in China, the asset side of the state balance sheet is very large: land, foreign-currency reserves of $3.5 trillion, and around an 85% stake in state-owned enterprises that account for about 40% of output.
At the same time, emerging-market central banks need to accumulate gold reserves, which they still hold in far lower proportion than do rich-country central banks.
China ran a very large current-account surplus during the early 2000s and accumulated a vast stock of foreign reserves – including at least several trillion dollars’ worth of US Treasury debt.
Although this looks impressive on paper, reserves of this magnitude are essentially useless.
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