In recent years, redistributive monetary policy has benefited finance at the expense of other productive industries.
FORBES: Value Destroyers Like Bernanke Fancy Themselves Magician Economists
Stabilizing the dollar-euro exchange rate can only be achieved within a rule-based monetary regime, not by relying on "independent" central banks and finance ministers to coordinate monetary policy to do it.
Much of the early-week focus will be on a meeting of eurozone finance ministers, the International Monetary Fund and European Central Bank scheduled for Monday.
FORBES: Gold Market Expected To Focus On Greece, Fiscal Cliff, Fed Speakers Next Week
LDP, but also big business and the finance ministry, which wants monetary policy kept loose so that it has more freedom to begin fixing the government's finances.
The International Monetary Fund (IMF) has activated an emergency finance mechanism to help countries hit by the financial crisis.
In his new film, he will play the disgraced former French finance minister and head of the International Monetary Fund, Dominique Strauss-Kahn, a man Depardieu has called "a little like all French people, a little arrogant".
But it is limited to finance, a part of the economy where monetary union has already swept away national boundaries.
Kudrin was in Washington to attend a meeting of international finance ministers of the G20 and at the International Monetary Fund.
FORBES: Russian Finance Minister Kudrin Says US Won't Meet Budget Goals
Of course, all the people in banking and finance, not to mention the overlords of the monetary system at the central banks, would absolutely hate it.
FORBES: The Unintended Consequences Of The Greatest Economic Experiment
Even higher (though arguably not as dramatic) is the view from the windows of the Hong Kong Monetary Authority Information Centre on the 55th floor of Two International Finance Centre.
However, German Finance Minister Wolfgang Schaeuble said he and the International Monetary Fund had been in favour of "respecting the deposit guarantee for accounts up to 100, 000" euros.
The deposit tax is part of a bailout agreement reached early Saturday after talks by finance ministers from euro countries and representatives of the International Monetary Fund and the European Central Bank.
The framers, having just experienced the horrors of the Continental currency (which had been used to finance the War of Independence) opted to limit federal monetary powers to coining money, which for legal tender purposes they defined as gold and silver.
One is the macro view that comes from within the Central Banks, Finance Ministries and multilateral institutions of the world like the International Monetary Fund.
Dominique Strauss-Kahn was thrust back into the headlines on Tuesday after French Finance Minister Christine Lagarde was appointed Managing Director of the International Monetary Fund (IMF) for the next five years.
FORBES: After Lagarde's IMF Appointment, What's Up With DSK?
There are almost uncanny parallels even with the spectacle of the so-called troika of foreign officials from the European Commission, European Central Bank and International Monetary Fund that have been poring over the books in Greece's finance ministry.
WSJ: Brussels Beat: Parallels With 1920s Raise Worries Over Extremism
He put out a memo outlining economic proposals at odds with the practices of the finance ministry, which abides by the strict regimen of the International Monetary Fund.
There are also worries about troubled European Union countries selling their gold reserves to help finance their financial bailouts from the European Central Bank and the International Monetary Fund.
FORBES: P.M. Kitco Metals Roundup: Gold, Silver Slammed to 2-Year Lows on Panic Selling
This time of year brings the annual meeting of the International Monetary Fund and the World Bank, a kind of macroeconomic convention with Big Finance as sponsor and global pressure groups providing the sideshow.
They have, however, had an outsized effect on monetary policy because fears over some countries' solvency have made investors less willing to finance any of their banks (see article).
He also directs Cato's Annual Monetary Conference, which is regarded as one of the top international forums for discussing money and finance.
The most dramatic instance came after the crisis of 2001, when Kemal Dervis took over as finance minister and, with the help of the IMF, devised the fiscal and monetary framework that was largely responsible for the country's subsequent success.
Before taking on the role of chief economic adviser to the Indian ministry of finance in August 2012, Professor Raguram Rajan was a chief economist at the International Monetary Fund (IMF), where he was outspoken in his criticism of the Indian government.
Partly because of perceptions that the International Monetary Fund has become too powerful, governments are now considering a wider role for the BIS. Pakistan Finance Minister Sartaj Aziz says that the BIS could provide daily reports on the trading levels of each currency to give monetary authorities a better grasp of currency market movements.
Dropping his language that loose monetary policy was part of a "currency war" against emerging economies, Guido Mantega, Brazil's finance minister, described Tokyo's revitalised policy as "a new and bold program of economic growth, based on fiscal and monetary stimulus and structural reforms".
Keeping rates low to finance government debt is not a recipe for long-run growth or for credible U.S. monetary or fiscal policy.
FORBES: The Limits Of Monetary Policy Call For Moral, Sound Money
Hyun Oh Seok, South Korean finance minister insisted the plunging yen remained a "concern" and urged an orderly exit from extraordinarily loose monetary policy.
Most of the heavy lifting for this G-20 summit was done last month at the finance ministers meeting, where representatives hashed out an agreement that gives emerging economies better representation on the International Monetary Fund board.
应用推荐