Exact(2)
An adage among economists is that "the Fed creates reserves and banks create money".
To further stimulate growth, the Fed also embarked on an unprecedented policy of buying vast quantities of securities, which creates reserves that banks can draw to make loans.
Similar(58)
"They created reserves, and those reserves ultimately can be inflationary," Mr. Reinhart said.
The Fed will finance these programmes with newly created reserves: that is, it will print money.
A common way is to create reserves that are off limits to development or hunting.
Several of the charities that received roughly $34 million each when H. Guy DiStefano, a millionaire, died last summer, are creating reserves.
The loss of migrations points up a major flaw in the strategy of creating reserves to protect species.
But in northern Vietnam, efforts to protect a rare monkey species, Delacour's langur, from poachers by creating reserves have backfired.
Accounting rules also give companies discretion in allocating expenses and creating reserves, and expenses like research or advertising can be cut.
The Fed paid for the assets by creating reserves and, although it began paying interest, currently 0.25 percent, on those reserves in October 2008, the payments are only a small drag on the central bank's profitability.
Further, 17 blocks overlap areas that have proposed or created reserves for indigenous groups in voluntary isolation.
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