If all of this works then what we are talking about is Amazon as a private company effectively taking on the traditional roles of a nation state: managing liquidity demand and internalizing externalities.
Buyouts are shrinking the pool of stocks, yes, and meanwhile the global liquidity glut is feeding demand for stocks.
The resulting economic activity would increase demand for liquidity.
Vessenes believes that while the vagaries of the market can never be fully controlled, the bitcoin market has matured since 2011 and now has enough demand and liquidity to weather short-term crashes.
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Fluctuations in the market price of gold as measured in dollars and euros would send the respective central banks real-time information on how to adjust dollar and euro liquidity to accommodate the demand for money.
To be sure, the fundamentals in the core economies, particularly the U.S. and Europe, have deteriorated somewhat, with liquidity at EU banks and demand tightening around the world.
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Over the past two years, some of the main drivers of Chinese inflation have been excess liquidity combined with strong domestic demand and supply shocks to food prices and commodity prices, according to Chang.
Lending between banks remains stifled, and demand for central-bank liquidity is consequently extremely high.
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Viniar also noted that residential market liquidity has improved, yet there was less demand for commercial mortgages.
Japan seems to be stuck in a classic liquidity trap: it needs lower real interest rates to boost demand, but because of deflation they are stuck painfully high.
Ball cited liquidity from global central banks, gold buying by central banks, demand from gold-backed exchange-traded funds and lack of producer selling.
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With demand for credit low in Japan, some portion of this liquidity will spill overseas.
"The high liquidity and favorable interest-rate environment remain supportive of home-buying demand, " said Colliers International property analyst Chia Siew Chuin.
For promising to provide liquidity should capital suddenly flee, the banks charge Argentina a fee and demand Argentine bonds as collateral.
Meanwhile, Rousseff and Finance Minister Guido Mantega are sticking to their guns when it comes to their inflation shoot-out, arguing that excess global liquidity is a key, if not main culprit, rather than excess local demand.
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Marketmakers, who are responsible for providing liquidity in trading situations, must often take naked short positions when there is more demand for a stock than supply.
The first is centralised liquidity management, enabling cross-border banks to move money between different territories as needs demand.
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