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The aim of this move appears to be to increase interest income for depositors under the state-dominated banking system, where the central bank sets guidelines for interest-rate levels.
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Acting as a messenger between the central nervous system and the major organs, the vagus nerve slows the heart rate (through the release of the neurotransmitter acetylcholine), calms the immune response (by controlling the release of proteins called cytokines), and communicates with the muscles that control respiration and digestion.
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The Federal Reserve, lagging other central banks, pumped in extra money and then cut its discount rate to prevent a seizure of the financial system in the aftermath of the subprime mortgage market debacle.
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The yuan hit a high against the U.S. dollar under the current system Monday, after the central bank guided the currency to its strongest level via a reference exchange rate.
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Despite several rate cuts by the Federal Reserve, and additional efforts by the central bank to pump cash into the banking system to ease the credit crunch, banks are still finding the need to raise additional capital by either slashing their dividend, as National City Corp. did last week, or selling stakes to outside investors.
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Despite several rate cuts by the Federal Reserve, and additional efforts by the central bank to pump cash into the banking system to ease the credit crunch, banks are still finding the need to raise additional capital by either slashing their dividend, as National City Corp. (nyse: NCC - news - people ) did last week, or selling stakes to outside investors.
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