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Coates's economic measures, largely designed to help farmers, included devaluation of the New Zealand pound to increase export receipts, establishment of the Mortgage Corporation to supply cheap credit, and the setting up of a partly state-controlled reserve bank to control credit.
Many economists expect it to take steps to control credit in the housing market as the economy expands.
In the short term, however, he feels the Bank must have the tools to control credit in the way it did in the three decades after the second world war.
If "The Empties" has a directly political dimension, you could say it has to do with thinking about how our "authentic selves" are largely held together by — among other things — stimulants and antidepressants, cellular technology, climate control, credit cards.
All the Bank needed to control credit and asset prices was to change short-term interest rates, he argued: the interventions I proposed would damage banking efficiency and, by inference, obstruct the necessary deregulation ushered in by Thatcher's reforms.
On one side is the Producers Guild of Anerica and, by proxy, the Academy, seeking to control credit creep, in which everybody and his brother can say they produced a film.
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Mr. Kerry took the occasion to deliver what amounted to an eight-minute stump speech on the Senate floor in support of the amendments, a talk that advocates of gun control credited with helping to pass them.
"There are good internal controls, credit strength and also a sizable tax base".
That's the bottom line: the Fed controls credit conditions, except when we're in a liquidity trap and it's pushing on a string.
"This team will be responsible for meeting the dual objectives of conserving capital and controlling credit losses while Fannie Mae continues to provide crucial liquidity to the U.S. housing and mortgage markets," Mr. Mudd said.
It is time for the Chinese central bank "to switch its policy priority from controlling credit to raising interest rates in order to counter the risk of runaway inflation," the bank said in its note.
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