The Treasury Department, in a coordinated announcement, said it would use $50 billion in the government's Exchange Stabilization Fund, a fund normally reserved to deal with currency imbalances, to insure money-market fund customers from losses.
An article Monday about a decision by the European Union to review the size of its planned financial stabilization fund misstated the fund's size in dollar terms.
The stimulus legislation moving through Congress would provide a large amount of funding to states, in the form of a state stabilization fund and infrastructure spending.
The system would be overseen by a Stabilization Fund (it later became the International Monetary Fund), which would lend money to countries that ran into temporary financial difficulties, discipline countries that adopted irresponsible policies, and alter the exchange rates of countries that suffered a permanent economic dislocation through no fault of their own.
A countercyclical national stabilization fund would increase euroland's stability without forcing the member governments to relinquish further national sovereignty.
1937 Stabilization Fund in Need A warning that unless the stabilization fund be kept in existence after January 31, when it legally expires, the world's monetary stability will be jeopardized, was given by Secretary of the Treasury Henry Morgenthau jr. at a meeting of the House Coinage Committee today [Jan . 15.
The Russian government itself, which accumulated more than $150 billion in a stabilization fund, will be getting into the game with the newly created Reserve Fund and National Prosperity Fund.
The forest, they argue, looks pretty good: $54 billion in a State Fiscal Stabilization Fund has so far created or saved 325,000 education jobs, increased federal funding for Medicaid, prevented cuts to health services, and safety-net provisions are keeping millions out of poverty.
Strong revenues from hydrocarbon exports have brought Algeria relative macroeconomic stability, with foreign currency reserves approaching $200 billion and a large budget stabilization fund available for tapping.
For this reason, South America could use a stabilization fund that countries could draw on in order guarantee financial stability.
