Next, the report considers how the Fed might have acted had it controlled interest rates in the euro zone.
Here is why: Before floated in the Shanghai and the Hong Kong Exchanges, Chinese banks operated as government departments, within a central planning environment of controlled interest rates and government mandates.
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Brazil is now seeing a growing inflation problem that can only be controlled by higher interest rates, proving, once and for all, that the level of the benchmark Selic rate has not been politicized to the point of immobility, says Tony Volpon, head of emerging markets Americas at Nomura Securities in New York.
The Fed attempts to keep the economy moving forward at a controlled pace by manipulating interest rates.
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He warned of a "race to the bottom" if the regions and nations of the UK controlled their own corporation tax rates.
The size of the bill that the Conservative-controlled council faced would depend on rates of interest.
For example, the Medici family that controlled Renaissance Florence manipulated progressive tax rates to ruin their rivals.
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But he said he had been talking about the economic problems of the Conservative-controlled early 1990s, when interest rates were 15%, whereas now there were a "different set of problems" - rebuilding confidence in the economy and getting the banks lending again.
Applying the principle governing civil liability, we go only a step farther in holding that the act of the agent, while exercising the authority delegated to him to make rates for transportation, may be controlled, in the interest of public policy, by imputing his act to his employer and imposing penalties upon the corporation for which he is acting in the premises.
For two decades the state controlled lending and also fixed as many as 200 separate interest rates.
The GOP budget proposes, among other things, turning Medicaid into a block-grant program controlled by the states, restructuring Medicare and reducing the top individual and corporate tax rates to 25% from 35%.
Liggett Group, for a long time controlled by financier Bennett LeBow, has pumped out half a billion dollars in dividends thanks to special, lower rates it pays under the settlement.
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