Quantitative easing
Beginning in March 2009, the Bank of England had purchased around £165 billion in assets as of September 2009 and around £175 billion in assets by the end of October 2009. At its meeting in November 2009, the Monetary Policy Committee (MPC) voted to increase total asset purchases to £200 billion. Most of the assets purchased have been UK government securities (gilts); the Bank has also purchased smaller quantities of high - quality private - sector assets. In December 2010, MPC member Adam Posen called for a £50 billion expansion of the Bank's quantitative easing programme, while his colleague Andrew Sentance has called for an increase in interest rates due to inflation being above the target rate of 2%. In October 2011, the Bank of England announced that it would undertake another round of QE, creating an additional £75 billion. In February 2012 it announced an additional £50 billion. In July 2012 it announced another £50 billion, bringing the total amount to £375 billion. The Bank has said that it will not buy more than 70% of any issue of government debt. This means that at least 30% of any issue of government debt will have to be purchased and held by institutions other than the Bank of England. In 2012 the Bank estimated that quantitative easing had benefited households differentially according to the assets they hold; richer households have more assets.
Hafizullah Amin
Hafizullah Amin (Pashto/Dari: حفيظ الله امين‎; born 1 August 1929 – 27 December 1979) was an Afghan communist politician during the Cold War. Amin was born in Paghman and educated at Kabul University, after which he started his career as a teacher. After a few years in that occupation, he went to the United States to study. He would visit the United States a second time before moving permanently to Afghanistan, and starting his career in radical politics. He ran as a candidate in the 1965 parliamentary election but failed to secure a seat. Amin was the only Khalqist elected to parliament in the 1969 parliamentary election, thus increasing his standing within the party. He was one of the leading organizers of the Saur Revolution which overthrew the government of Mohammad Daoud Khan. In 1979 he named himself president, prime minister, and chairman of the Khalq wing. He has been described as "ruthless" and a "radical Marxist".Amin's short-lived presidency was marked by controversies from beginning to end. He came to power by disposing of his predecessor Nur Muhammad Taraki and later ordering his death. Amin made attempts to win support from those who revolted against the communist regime which had begun under Taraki, but his government was unable to solve this problem. Many Afghans held Amin responsible for the regime's harshest measures, such as ordering thousands of executions. Thousands of people disappeared without trace during his time in office. The Soviet Union, which was dissatisfied with Amin, intervened in Afghanistan while invoking the Twenty-Year Treaty of Friendship between Afghanistan and the Soviet Union. Amin was assassinated by the Soviets on December 27, 1979 as part of Operation Storm-333, having ruled for slightly longer than three months.
Snoras
Bankas Snoras AB was founded 1992 as a regional bank of Šiauliai and renamed to its current name in 1993. It was recognised as the best bank in Lithuania in 2006 by financial publisher "The Banker". However, an inspection at the bank in November 2011 revealed poor asset quality, weak risk management and lack of proper operating data. The check also revealed that the bank has ignored the central bank's recommendation to reduce operating risks.
Israel
Israel is considered the most advanced country in Southwest Asia and the Middle East in economic and industrial development. Israel's quality university education and the establishment of a highly motivated and educated populace is largely responsible for spurring the country's high technology boom and rapid economic development. In 2010, it joined the OECD. The country is ranked 3rd in the region and 38th worldwide on the World Bank's Ease of Doing Business Index as well as in the World Economic Forum's Global Competitiveness Report. It has the second-largest number of startup companies in the world (after the United States) and the largest number of NASDAQ-listed companies outside North America.
Economy of the United Kingdom
Government involvement in the British economy is primarily exercised by Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and the Department for Business, Energy and Industrial Strategy. Since 1979 management of the economy has followed a broadly laissez - faire approach. The Bank of England is the UK's central bank and its Monetary Policy Committee is responsible for setting interest rates, quantitative easing, and forward guidance.
Faraday's laws of electrolysis
Faraday's laws of electrolysis are quantitative relationships based on the electrochemical research published by Michael Faraday in 1834. They relate the amount of material produced at an electrode during an electrochemical reaction to the total charge passed or, equivalently, the average current and total time.
European Central Bank
The banks in effect borrow cash and must pay it back; the short durations allow interest rates to be adjusted continually. When the repo notes come due the participating banks bid again. An increase in the quantity of notes offered at auction allows an increase in liquidity in the economy. A decrease has the contrary effect. The contracts are carried on the asset side of the European Central Bank's balance sheet and the resulting deposits in member banks are carried as a liability. In layman terms, the liability of the central bank is money, and an increase in deposits in member banks, carried as a liability by the central bank, means that more money has been put into the economy.[a]
Federal Reserve
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Quantitative easing
The US Federal Reserve belatedly implemented policies similar to the current quantitative easing during the Great Depression of the 1930s. Specifically, banks' excess reserves exceeded 6 percent in 1940, whereas they vanished during the entire postwar period until 2008. Despite this fact, many commentators called the scope of the Federal Reserve quantitative easing program after the 2008 crisis ``unprecedented ''.
Central Bank of Cuba
The Central Bank of Cuba (, BCC) is the central bank of Cuba. It was created in 1997 to take over many of the functions of the National Bank of Cuba (). From its creation until May 2009, the president was Francisco Soberón Valdés, and the current head is Irma Margarita Martínez Castrillón.
Reserve Bank of Australia
The Reserve Bank of Australia (RBA), on 14 January 1960, became the Australian central bank and banknote issuing authority, when the Reserve Bank Act 1959 (23 April 1959) removed the central banking functions from the Commonwealth Bank.
James Coyne
James Elliott Coyne, (July 17, 1910 – October 12, 2012) was the second Governor of the Bank of Canada, from 1955 to 1961, succeeding Graham Towers. During his time in office, he had a much-publicized debate with Prime Minister John Diefenbaker, a debate often referred to as the "Coyne Affair" (or sometimes the "Coyne Crisis"), which led to his resignation and, eventually, to greater central-bank independence in Canada.
Amin Saikal
Professor Amin Saikal (born 2 December 1950 in Kabul, Afghanistan) is the Director of the Centre for Arab and Islamic Studies (The Middle East & Central Asia) and Professor of Political Science at the Australian National University. Professor Saikal has specialised in the politics, history, political economy and international relations of the Middle East and Central Asia. He has been a Visiting Fellow at Princeton University, Cambridge University and the Institute of Development Studies (University of Sussex), as well as a Rockefeller Foundation Fellow in International Relations (1983-1988). He is a member of many national and international academic organisations.
Euro
The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the eurozone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the eurozone payment systems.
Joensuun Palloseura
Joensuun Palloseura (abbreviated JoPS) is a football club from Joensuu, Finland. JoPS is Joensuu's oldest football club having been formed in 1929. The club has competed in the second tier of Finnish football over 6 seasons, the last time being in 1968. JoPS currently plays in the Kolmonen section that covers Eastern and Central Finland.
Vishram Ghat
Vishram Ghat is a ghat, a bath and worship place, on the banks of river Yamuna in Mathura, India. It is the main ghat of Mathura and is central to 25 other ghats. The traditional parikrama starts and ends at Vishram Ghat. Lord Krishna is said to have rested at this place after killing Kansa.
Chinese Banking Liquidity Crisis of 2013
The Chinese Banking Liquidity Crisis of 2013 was a sudden credit crunch affecting China's commercial banks evidenced by a rapid rise on 20 June 2013 in the Shanghai interbank overnight lending rates to a high of 30 percent from its usual rate of less than 3%. The ensuing panic affected gold markets and stock. China's regulation of the foreign exchange market had caused a decline in inflow of cash. On 19 June 2013, instead of injecting additional funds and easing its monetary policy, China's central bank People's Bank of China (PBOC) told commercial banks to "make full use of incremental funds and revitalize stock options." On 24 June 2014 the PBOC told commercial banks to "control the risk associated with credit expansion" effectively increasing the scrutiny of shadow banks' lending practices. This resulted in a sudden shortfall in the cash market resulting in short term repo rates in excess of 25%. In effect China was using market forces to manage the economy.
European Central Bank
The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the Eurozone, which consists of 19 EU member states and is one of the largest currency areas in the world. It is one of the world's most important central banks and is one of the seven institutions of the European Union (EU) listed in the Treaty on European Union (TEU). The capital stock of the bank is owned by the central banks of all 28 EU member states.[dated info] The Treaty of Amsterdam established the bank in 1998, and it is headquartered in Frankfurt, Germany. As of 2015[update] the President of the ECB is Mario Draghi, former governor of the Bank of Italy, former member of the World Bank, and former managing director of the Goldman Sachs international division (2002–2005). The bank primarily occupied the Eurotower prior to, and during, the construction of the new headquarters.
Süreyya Serdengeçti
Süreyya Serdengeçti (born 1952) is a Turkish economist and former Governor of the Central Bank of Turkey. He is currently working as an instructor in Turkish and world economics at the TOBB University of Economics and Technology in Ankara, Turkey.
United Kingdom national debt
As of Q1 (the first quarter of) 2015, UK government debt amounted to £1.56 trillion, or 81.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £43 billion (which is roughly 3% of GDP or 8% of UK government tax income). Approximately a third of this debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately 1 / 3 of the cost of servicing the debt is paid by the government to itself, reducing the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income).
When did the current central bank of the country Idi Amin visited twice, start quantitative easing?
Where did Amin visit for the second time?
United States
the current central bank of #1 is
Federal Reserve
when did #2 start quantitative easing
during the Great Depression of the 1930s