It imposed ceilings on banks' holdings of foreign-exchange derivatives, because the banks tend to hedge those positions by borrowing too much from abroad.Such measures do not always work for long: South Korea's ceilings were set as a multiple of the banks' capital, so the banks just raised their capital.
The court was being urged in the three cases to impose a broad standard for judges and juries, particularly in states that have not imposed ceilings on damage awards, not to rule on the constitutionality of such limits.
As governor of Massachusetts, he stayed out of a regional "cap and trade" plan by Northeastern states to impose ceilings on emissions by electric utilities and let companies trade their emission allowances.
Clinton's immediate objective in his trip to Capitol Hill was to deflect growing pressure by moderate and conservative Democrats to scale back his proposed tax increases and to impose ceilings on the future growth of big entitlement programs like Social Security, Medicare and food stamps.
"These are cola drinkers who have a self-imposed ceiling on their consumption due to a calorie limit," she added.
If a Government-imposed ceiling on credit-card interest rates will reduce the availability of credit to low-income people, then by completely parallel reasoning, a Government-imposed rent ceiling will reduce the availability of housing to low-income people.
The European Commission sharply reduced its forecast for economic growth this year and said that another of its members, Italy, may soon break through the treaty-imposed ceiling on budget deficits.
By announcing that it would move up a sweeping tax cut to recharge its economy, Germany is almost certain to violate a treaty-imposed ceiling on budget deficits for a third consecutive year.
Another handicap for the newcomers, they say, has been a government-imposed ceiling on foreign ownership -- currently 33percentt -- that has had the effect of starving them of capital.
But curiosity and excitement quickly turned into confusion and disappointment, when minutes before the Ho Chi Minh City Securities Trading Center opened, the government imposed a ceiling on bids that invalidated many people's orders -- some of which were more than 50percentt above the government's artificially imposed prices.
