"The impaired functioning of financial markets might persist for some time or possibly worsen, with negative implications for economic activity".
This understanding has important implications for economic policy in general, and for the recent presidential campaign dust-up about gasoline taxes in particular.
In the back-and-forth about technological "disruption" – and the implications for economic progress and social good – technology is often pitted against people.
"I think that exchange rates should reflect economic fundamentals, that excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability," he said.
This is probably the best example of the way in which big company/small company relationships have huge implications for economic advance.
We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.
"As we have long stated, excess volatility and disorderly movements in exchange rates have adverse implications for economic and financial stability," the group said in a joint statement.
But it has a simple answer: no! Leave aside for now the fantastical prospect of an actual, society-wide end of cash, with all the vast implications for economic policy, on the unbanked, etcetera, that that would entail.
"The inconsistent tax treatment of these kinds of savings are distorting the fairness of our tax system, with flow-on implications for economic growth as well as the distribution of wealth.
