Mersch says that "Depending on Libra's level of acceptance and on the referencing of the euro in its reserve basket, it could reduce the ECB's control over the euro, impair the monetary policy transmission mechanism
by affecting the liquidity position of euro area banks, and undermine the single currency's international role." He added that Libra is "scheduled for release in the first half of 2020 by the very same people who had to explain themselves in front of legislators in the United States and the European Union on the threats to our democracies resulting from their handling of personal data on their social media platform." [Reference Link]:[https://www.reuters.com/article/us-ecb-policy-libra/facebooks-libra-could-undercut-ecbs-powers-mersch-idUSKCN1VN0H0?utm_source=reddit.com]
What's more, the cryptocurrency could "impair the monetary policy transmission mechanism
by affecting the liquidity position of euro area banks, and undermine the single currency's international role, for instance by reducing demand for it," he added.
The patient has been isolated in her home to prevent any potential further spread, as the transmission mechanism
for Chikungunya is not entirely understood, and it may be possible to spread the disease via blood or other bodily fluids.
"Furthermore, beyond all the numbers, we worked on 'fixing the engine' - improving the transmission mechanism
to make board decisions happen.
The research house observed that with a weaker demand for credit from the private sector, commercial banks could be more willing to lend to the government at the new higher interest rate, thereby potentially improving the transmission mechanism
of monetary policy.
The research institution said banks could, however, be more willing to lend to the government at the new higher interest rates with weaker demand for credit from the private sector, 'thereby potentially improving the transmission mechanism
of monetary policy'.
A cutting edge, "off-line" signal transmission mechanism
, experimentally demonstrated just a few years ago, is now on-line as a real-time bidirectional transmission system, the company said.
The systematic influence of monetary policy on output is measured through monetary policy transmission mechanism
"I think what, as a member of the MPC, I care about is understanding the transmission mechanism
, making sure it works.
Her extensive and varied academic experience - on the monetary transmission mechanism
, the dynamics of productivity, trade, housing issues as well as wage dynamics, to name just a few -- will be invaluable to the Committee as it seeks to promote the good of the people of the United Kingdom through maintaining monetary stability.'
It considers the essential characteristics of the Chinese monetary economy, with comparison to those of the US; endogenous factors of the monetary policy transmission mechanism
and the impact of changes in relative commodity prices, money circulation velocity, commercial bank loan supply, and the credit capacity of enterprises on monetary shock transmission; the impact of cost-push and demand-pull inflation since the 1950s; and challenges and responses to China's monetary policy under the open economy.