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Now, Mr. Greenspan's critics contend, his determined creation of excess liquidity has left his successor, Ben S. Bernanke, with a mess.
The creation of excess reserves (Fed liabilities) is merely the by-product of its actual goal, which is to expand loans (Fed assets).
According to this theory it is the artificial lowering of interest rates and creation of excess credit by a central bank's monetary policy that causes investors to erroneously believe that economic conditions are better than they actually are, leading to an abundance of overconfidence.
Commercial and mortgage brokers behaved recklessly in 2005 06, but the Fed's creation of excess dollars made the binge far worse.
In reducing conditions, there is a drastic change in fracture morphology and can be argued as being aided by creation of excess oxygen defects in the membrane.
Diffusion enhancement due to high-rate deformation in SMA was analyzed by regarding dislocations as solute-pumping channels, and the creation of excess vacancies.
Similar(54)
With progression of diverticular disease there is sometimes creation of an excess of mucosa because of further shortening and contraction of the muscular layer [22].
Cytosine de-amination (C → T) has been long considered to play a major role in creation of an excess of G and T on the leading strand (Reyes et al. 1998; Frank and Lobry 1999).
They cannot endorse the creation and use of excess embryos from fertility clinics and at the same time complain that creating embryos for regenerative medicine is exploitative.
Using atomistic simulations and dislocation theory on a model system of semi-coherent {1 1 1} interfaces, it is shown that misfit dislocation nodes adopt multiple atomic arrangements corresponding to the creation and redistribution of excess volume at the nodes.
The horrific inflation that racked the U.S. and most of the world in the 1970s and early 1980s was clearly the result of excess money creation by the Federal Reserve, abetted by other central banks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com