Not so in Islam, in which most scholars (Islam has no central authority) deem fixed-interest payments forbidden.
At present, each country can spend as much as they desire without approval from a central authority.
Over the past 20 years or so, the power of Egypt's central authority in its hinterlands has weakened.
With no central authority guiding us, we work to produce goods and services that continually make our lives materially better.
Mr Karzai has tried to coax powerful local commanders into supporting the central authority by offering them government jobs in Kabul.
So the new government, when it finally takes shape, will face an early challenge to ensure that such militias submit to the central authority.
As for those eight local veteran outreach centers established by that 1999 law, critics say they are generally isolated from one another and receive minimal guidance from a central authority.
Long-time observers see the Bonn meeting as a last chance to create a central authority that gives the country coherence without repression and modernises without trampling traditional ways of life.
Leveraging the breakthroughs of public-key cryptography, bitcoin also uses peer-to-peer networking to operate without a central authority whereby the new issuance and transaction verification functions are carried out collectively by the network.
FORBES: Bitcoin Foundation Launches To Drive Bitcoin's Advancement
Corruption is rife within all Afghan government organs, and central authority is barely felt in the lawless south and south-west, where opium production rose several hundred percent in provinces such as Farah this year.
Mr Putin had plenty on his plate already: his government is trying to push a radical income-tax reform through parliament, decide on an economic policy and restore central authority over Russia's 89 regions and republics.
Another is giving a central government authority the ability to decide what gets paid for and what doesn't.
In the year through March, electricity demand exceeded supply by 10.1%, according to the Central Electric Authority of India.
It also needs a central resolution authority to restructure or wind up failed banks (if necessary by bailing in creditors).
The Fed would also take on a consultative role in regulating Fannie and Freddie, giving the central bank authority to assist in setting the companies' capital requirements.
Spain's central judicial authority has reported than 150, 000 evictions of Spaniards and immigrants from their homes since 2008, when the crisis started, for falling behind on their mortgage payments.
In this grab bag of proscriptions and prescriptions, can we find a provision defining the size and scope of the central government authority in creating and maintaining a social welfare system?
FORBES: Limited Government, Reform, and the Japanese Constitution
The Greek crisis only confirms the folly of binding a group of disparate countries together in a currency zone with no mechanism, such as a central fiscal authority, to address its internal imbalances.
The question Mundell avoids answering is how the central monetary authority, in whatever guise it ends up, will determine the demand for money so as to adjust the supply of money appropriately without inflating or deflating the currency?
FORBES: Mundell's Dollar/Euro Fix Doesn't Fix Our Currency Mess
As you might imagine, there were some very colorful characters and cunning schemes at the root of it all, but in the end, there was a need to create a central banking authority to assure that severe incidents like this would not occur again.
His proposal was reduced to a draft law calling for the replacement of Consob, the securities-market watchdog, with an Authority for the Protection of Savings, with various responsibilities and resources pinched from the central bank and the antitrust authority.
U.S. Federal Reserve Chairman Ben Bernanke called on lawmakers Tuesday to consider new rules to expand the central bank's authority over the financial markets, saying financial markets need to be more stable and resilient.
Beeman, a professor at Brown University who's an authority on Central Asia, to conclude that Osama bin Laden's bombings in 1998 of U.S. embassies in Africa were designed to nip the budding relationship between the Taliban and Western interests.
The paper challenges the Scottish government to set out the cost of setting up and running a treasury, tax authority and central bank, a welfare structure, a foreign service, armed forces, an interior ministry to handle citizenship, immigration and border control, and regulators for issues including pensions, energy, telecommunications, health and safety, takeovers and advertising standards.
Unlike other currencies, Bitcoins are not issued by a central bank or other centralised authority.
Indonesia's faltering economy and political scandals have also undermined the authority of the central government.
The commissioner appointed to run Doncaster Council has recommended that the authority remains under central government control.
The fine was the first levied against a major corporation by Singapore's central bank, the Monetary Authority of Singapore, under rules governing market misconduct introduced last year.
He appeared at the Solicitors Regulation Authority tribunal in central London on Wednesday, claiming he should not be struck off because it would hinder him pursuing the claims.
Both sides finished in the top five last season and remain the best supported clubs in Sierra Leone despite the emergence of Kallon FC, Ports Authority, and Central Parad.
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