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The answer may never be known, as borrowing has far exceeded the ability of central banks to repay their debts.
It comes amid broader questions about the ability of central banks around the world — and whether they are running short of tools to re-energize global growth.
The ability of central bankers to bandage over the harm inflicted by bumbling politicians is limited, warns the BIS in its latest annual report.
But one should be realistic about the ability of central bank officials to spot and respond to dangerous credit conditions (and only truly dangerous credit conditions).
The yield curve is not a signal of impending recession, simply a reflection of greater confidence in the ability of central banks to control inflation.
Dealers showed a touching faith in the ability of central banks and finance ministries to conjure up instant recovery through low interest rates, exploding budget deficits and the creation of new electronic money through quantitative easing.
Similar(32)
The new policy will "slowly, step by step, enhance the ability of the central bank to guide interest rates in the market," the central bank, known as the People's Bank of China, said in a statement.
Strong had been a forceful leader who understood the ability of the central bank to limit panics.
If anything, primaries could help to empower local parties by ending the ability of the central party to determine candidate shortlists.
In some countries that could overwhelm the ability of the central bank to support the financial system.Another weak point is where shareholders take fright.
It's scary because a world where it's used for all transactions is one where the ability of a central bank to guide the economy is destroyed, by design.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com