One aspect is the way that Asian central banks built up their foreign exchange reserves after the crisis of the late 1990s, driving down Treasury bond yields.
The central bank built up enough foreign-currency reserves to cover nearly five months' imports, well above the three months stipulated by the IMF.
These include a large stock of currency reserves, which its central bank built up during the good years; a flexible currency, which can act as a shock absorber; and a relatively low level of indebtedness to the outside world.
While watching Witness the other night, starring a young Harrison Ford as a cop on the lam who ends up falling in love with an Amish woman, I ended up deeply disappointed that the central romance built up to nothing more than a passionate kiss/hug and one forbidden glance at a naked body.
Second, politicians lack the credibility that central bankers have built up after two decades of low inflation.
Also different is that, over the past few years, the Russian Central Bank has built up a much bigger stock of foreign-exchange reserves than the Bank of England had on hand in 1993.
Emerging economies, in net terms, have exported capital to the rich world as their central banks have built up vast quantities of foreign-exchange reserves.The innovations of modern finance generated great profits for its participants.
Not far to the north, NY 96 heads into Waterloo's central business district, built up around the junction of Virginia and Main (US 20 and NY 5) Streets.
Our study indicates that after the emplacement of a small ignimbrite deposit and of few scattered lava domes, the central Cerro Tuzgle volcano built up throughout three distinct phases of edifice construction.
But Furious 7 makes clear the kind of traction the series has built up in central and South America, too.
And this is not a pearl of wisdom gleaned via hindsight: almost always you can see it happening as the weekend unfolds and the players of the winning team draw from a central reservoir of strength meticulously built up over the preceding months.
