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Title III: Amendments to the Bank Holding Company Act of 1956 Amends the Bank Holding Company Act of 1956 to authorize the Board of Governors of the Federal Reserve System upon application of a bank holding company to extend the two-year period during which a company may dispose of shares acquired in the course of securing or collecting a debt.
Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); Reserve management: managing a country's foreign-exchange and gold reserves and government bonds; Banking supervision: regulating and supervising the banking industry, and currency exchange;
Early proposals of monetary systems targeting the price level or the inflation rate, rather than the exchange rate, followed the general crisis of the gold standard after World War I. Irving Fisher proposed a "compensated dollar" system in which the gold content in paper money would vary with the price of goods in terms of gold, so that the price level in terms of paper money would stay fixed.
Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity. Policy is set to maintain a very low rate of inflation or deflation . For example, the European Central Bank (ECB) describes price stability as a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for the Euro ...
The private banking system charges interest to borrowers as a cost to borrow the money. [14] [42] [97] The interest costs are borne by those that have borrowed, [14] [42] and without this borrowing, open market operations would be unsuccessful in maintaining the broad money supply, [41] though alternative implementations of monetary policy ...
The Central Bank of Iraq (CBI; Arabic: البنك المركزي العراقي) is a monetary authority established in 1947, shortly after the end of the British occupation of Iraq. The CBI's primary objectives are to ensure domestic price stability and foster a stable competitive market based financial system.
The Bank of England has been a leader in producing innovative ways of communicating information to the public, especially through its Inflation Report, which have been emulated by many other central banks. [84] The European Central Bank adopted, in 1998, a definition of price stability within the Eurozone as inflation of under 2% HICP. In 2003 ...
Financial stability is the absence of system-wide episodes in which a financial crisis occurs and is characterised as an economy with low volatility. It also involves financial systems' stress-resilience being able to cope with both good and bad times.