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The government assumed control of the bank's £50 billion mortgage and loan portfolio, while its deposit and branch network were sold to Spain's Banco Santander. [17] In October 2008, the Australian government made A$4 billion available to nonbank lenders unable to issue new loans.
"Alice M. Rivlin, who served as a deputy director of the Office of Management and Budget under Bill Clinton, said that GLB was a necessary piece of legislation because the separation of investment and commercial banking 'wasn't working very well.'" Bill Clinton stated (in 2008): "I don't see that signing that bill had anything to do with the ...
Political stability is a situation characterized by the preservation of an intact and smoothly functioning government or political system, avoiding significant disruptions or changes over an extended duration. Political stability signifies a state of tranquility, organization, and sustained continuity within the political domain.
Friedman states that the fractional reserve system has two defects: the excessive government intervention in the banks’ lending and investment decisions associated with the deposit insurance; and its inherent instability in the sense that the amount of reserves depends on the public's decisions about the form of holding money (currency versus ...
Areas covered can be related to policy development, public project management or public services. [2] Structural reforms performed within public administrations during the past decades have introduced this new methodology which aims to reflect individual government’s global policy and priorities through the improvement and coordination of ...
Simply put, it refers to government intervention. [ 3 ] In economics the "visible hand" is generally considered to be the macro-fiscal policy of John Keynes that emerged in the 1930s as a remedy for the shortcomings of Adam Smith 's " invisible hand " and advocated government intervention in the economy. [ 4 ]
In order to be considered stable, government procedures and institutions must maintain autonomy and be resistant to outside agents. [1]: 402 The social and economic forces that established political stability could change or disappear, leading to internal instability. [6]
Policy change will thus be punctuated by changes in these conditions, especially in party control of government, or changes in public opinion. As a result, policy is characterized by long periods of stability, punctuated by large—though less frequent—changes due to large shifts in society or government.