Fannie and Freddie and the banks opposed these policy changes at first through both lobbying and intransigence.
The banks have a policy of immediately refunding losses from crime unless there has been wilful negligence by the cardholder.
The Chinese lenders are so-called policy banks - they have a mandate to further whatever Beijing sees as its national interest.
And in both Britain and the euro zone, fiercer fiscal tightening can and should be countered by central banks keeping monetary policy looser for longer.
Friedman was endlessly clear that central banks drive monetary policy like the Three Stooges would drive bumper cars and act even more like Moe, Larry and Curley.
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In our recent post on the subject, we noted that two Chinese policy banks lent more to emerging markets in 2009 and 2010 than the World Bank.
With the exception of India, Chile, Turkey, Egypt, Peru, China, Russia, and Hungary, no EM central banks have tightened policy rates significantly (by more than 250 basis points).
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The first is that stockmarket crashes need not wreak havoc, if central banks relax monetary policy at the right time and by the right amount, and if dangers of banking-system collapses are spotted early.
And again, the very thick capital cushions that our banks are being asked to carry and asked to continue building are a very significant insurance policy for our banks.
The Treasury decided then to prop up the banks through an insurance policy called the Asset Protection Scheme (APS).
Many people also look badly on the gold standard because it prevents central banks from using monetary policy to manage the economy.
The United States' government as a matter of policy pressured banks to make subprime loans or lose their ability to expand and grow.
Mr Green's switch offers a hint about government policy towards banks.
This process has gained new impetus following the Nagoya Biodiversity Summit, where the representatives of development agencies, development banks and development cooperation policy institutions unanimously adopted a declaration for the mainstreaming of biodiversity agendas into development plans.
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"The economy still faces powerful contractionary forces in the shape of widespread recession abroad, and at home falling house prices and stock markets, blunted monetary policy as banks constrain lending and rock-bottom business and consumer confidence, " says Andrew Smith, chief economist at KPMG.
First, credit life insurance is a type of insurance policy that banks will try to sell and they will try hard to sell thanks to big commissions for these products when a customer takes out a loan or opens a home equity loan.
None of this is trivial - not least because George Osborne's banking policies, which include putting a ring-fence around retail banks and giving the Bank of England's Financial Policy Committee the power to vary banks' capital ratios, are out of step with what most of the eurozone wants and plans.
Mr King will now chair the interest rate setting Monetary Policy Committee (MPC), the new Prudential Regulation Authority (PRA) to monitor individual banks, and the new Financial Policy Committee (FPC).
They say central banks are supporting failing government policy by printing more money and devaluing currencies.
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Chinese banks, acting mainly as policy arms of the government, poured loans into economically inefficient projects.
This policy allows central banks to inject money into the system by purchasing assets from the private sector.
The Scottish government accepts the last part of this, that there would need to be a deal on fiscal policy and the banks.
The Fed has the regulatory authority to immediately implement this policy by ordering banks to stop funding, investing, clearing or facilitating derivatives commodity trading.
Amid recent meetings of G-20 finance ministers Mary Miller, a Treasury undersecretary, insisted that U.S. policy toward insolvent banks, including the biggest, no longer includes bailouts.
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The central bank action has supported commodity prices in general as the banks will likely keep monetary policy accommodative as countries need to work through debt problems.
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Mr Duhalde's policy on the banks has been characteristically erratic.
Many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.
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Importantly, many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.
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