for Sound Liquidity Risk Management and Supervision September 2008 Requests for copies of publications, or for additions/changes to the mailing list, should be sent to: Bank for International Settlements Press & Communications CH-4002 Basel, Switzerland E-mail: publications@bis.org Fax: +41 61 280 9100 and +41 61 280 8100 © Bank for International Settlements 2008. All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. ISBN print: 92-9131-767-5 ISBN web:
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performance of the Nigerian financial institutions. The author therefore contends that the just concluded N25billion recapitalization exercise of the central bank was a necessary but not a sufficient measure in the right direction. The sufficient measure must be one that controls all the identified critical factors at the same time. 1.0. Introduction Banks in most economies are the principal depositories of the public's financial savings, the nerve centre of the payment system, the vessel endowed with
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services - How to produce is answered by the businessmen. They will choose the production method, which reduces their costs to reach the higher profit. - For whom to produce – firms produce goods & services which consumers are willing and able to buy. Role of government 1. To pass laws to protect businessmen & consumers 2. To issue money 3. To provide certain services – police 4. To prevent firms from dominating The market and to restrict the power Of trade unions 5. Repair and maintain state properties
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in United States? Since its inception in 1913, the Federal Reserve has been the Central Bank of the United States of America. There are many questions about the Federal Reserve:; Its legality, its morality and the intentions of the founders and of those who currently are in authority. Was the Federal Reserve necessary when it was started? Is it necessary now? There is a growing group of people who believe that the role the Fed has taken violates everything our country was founded upon- being a part
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1980s. This "lost decade" comprised of the 1982 debt crisis and the 1986 collapse of oil prices both of which negatively impacted the economy. Furthermore, inflation was reduced considerably; foreign investors had increased funds invested, and the central bank had billions of dollars in reserves. Additionally, there were serious talks on reducing trade barriers with the United States. This was done through NAFTA; otherwise known as the North American Free Trade Agreement, which was implemented at the
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WO R LD G O L D CO U NCI L UTILISATION OF BORROWED GOLD BY THE MINING INDUSTRY DEVELOPMENT AND FUTURE PROSPECTS Ian Cox, Ian Emsley Research Study No. 18 UTILISATION OF BORROWED GOLD BY THE MINING INDUSTRY DEVELOPMENT AND FUTURE PROSPECTS Ian Cox, Ian Emsley Research Study No. 18 April 1998 WO R LD G O L D CO U NCI L 2 CONTENTS The Authors..............................................................................................................4 Acknowledgements ........
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to borrow money from the banks in order to have various types of expenditures. In some cases, the negative position of the US markets discourages the consumer to spend money freely in the economy. The example is of the Global Financial Crisis that occurred in the year 2008. The Federal Reserve System, known as Fed, is the central bank. It is an independent government authority that pursues a dual mandate: price stability and maximum U.S. employment. The primary role of FED is to influence monetary
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Importance of Monetary Policy for Economic Stabilization! Monetary policy is another important instrument with which objectives of macroeconomic policy can be achieved. It is worth noting that it is the Central Bank of a country which formulates and implements the monetary policy in a country. Like the fiscal policy the broad objectives of monetary policy are to establish equilibrium at full-employment level of output, to ensure price stability and to promote economic growth of the economy. Monetary
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Policy the policy adopted by the central bank for control of the supply of money as an instrument for achieving the objectives of general economic policy .With the shifts of the policy stance of the government in various phases, necessary adjustments were made in the country's monetary policy. The Department of Research in the Bangladesh Bank plays an important role in the formulation of economic policies of the country. The principal function of the Department is to help the bank in the formulation of monetary
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problem if the countries didn’t adopt policies to decrease the inflation rate. India and china have a very fast economic growth with fast population. The government and the central bank have to work beside to curb the inflation using two main policies are monetary policy and fiscal policy. In the monetary policy the central bank has to manage the many supply in the market and also control and decline the inflation, in terms of fiscal policy the government try to see the tax level to impact in the inflation
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