South Korea's inflation has relatively contained in recent months, leaving the central bank with scope to cut rates to restore a modicum of exchange-rate stability.
Growing deficits constrain the use of stimulus efforts to revive the economy, while Serbia's concerns about inflation and exchange rate stability preclude the use of expansionary monetary policy.
While they would naturally prefer to have exchange-rate stability with their major trading partners, our weak dollar policy threatens them with price inflation unless they let their currency rise.
FORBES: How Romney Showed Us He Offers the Greater Hope for Future Peace and Prosperity
Yet in fact, a flexible exchange rate can offer more stability, partly by providing a safety valve which helps to protect the real economy.
And throughout this turmoil China had succeeded in combining an astonishing rate of growth with social stability.
We managed to bring it back, brought stability to the exchange rate and reduced inflation.
The risk is that their desired exchange-rate strategy could conflict with price stability.
The county got the stability of a fixed rate, while paying Wall Street to assume the risk of the variable rates on its bonds.
These steps seemed to bring some stability to the exchange rate.
Since the exchange rate is a binary issue, not distorted by an overhang of global liquidity, we take euro-dollar stability and falling gold as rejecting the idea of a Fed rate cut.
Never short on ambition, Mr Sarkozy wants the G20 to become the forum for talks about global economic stability and governance, including exchange-rate volatility.
ECB's treaty-prescribed duty is not to keep the economy at full steam but to maintain price stability, which it defines as a rate of inflation of no more than 2%.
Parliamentary Under Secretary of State for Wales David Jones said that the criticism should be "directed at the previous government" and that new measures would "ensure stability in the industry and a fair rate of return for investors".
The problem, however, is that policymakers may not want to make their domestic monetary policies subject to formal exchange-rate targets for the sake of global currency-market stability.
When such support is needed, this is precisely when international access is denied, and any attempt to defend the exchange rate, or to pursue targets for inflation or monetary stability, will be difficult to say the least.
Asked about the trend for central banks to look less at inflation-targeting and more at policy areas that affect exchange rates, Mario Draghi, president of the European Central Bank, said earlier this month that the exchange rate was very important "as far as growth and stability" were concerned but was not a policy target for the ECB.
ECB, which has a treaty obligation only to pursue price stability, take much notice of the euro's exchange rate?
"The exchange rate is not a policy target, but it is important for growth and price stability, " he said.
"The exchange rate is not a policy target, but it is important for growth and price stability, " Mr Draghi said in response to a question.
" Offit, with decades of experience in fixed-income markets, believes "the Fed cutting the Fed funds rate may have inconsequential value other than signaling investors that it is concerned about maintaining economic stability in the face of an eroding housing market.
The write down needs to occur and the movement of toxic assets to the RTC at a market rate, allowing the RTC to quickly dispose of properties or renegotiate as seems best will bring stability and increased activity to the markets, including the mortgage market.
FORBES: Historically GDP Growth Is Off By 11.9% And Labor Markets Should've Already Bounced
Since the ECB has a strict remit to maintain price stability, its dread of high inflation is greater than its fear of recession: hence the rate rise.
Though Denmark achieved a measure of stability in the 1970s by joining the European Community (now Union) and its exchange-rate system, in the other Nordic countries inflationary bubbles swelled, then burst in the late 1980s, toppling banks in Sweden, Finland and Norway.
As for the stability pact, it seems perverse to impose artificial constraints on borrowing when both monetary and exchange-rate flexibility have just been removed and greater fiscal flexibility may be needed to compensate.
应用推荐