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Under the Soviet-style, single-tier banking system, the National Bank both issued money and monopolized the financing of the entire Hungarian economy.
In these cases, loanable funds are not allocated from savings but from newly issued money, created from nothing as it were.
An alternative would be to distribute the central bank's newly issued money directly to housing associations, local councils and national or regional investment banks – any organisation that could carry out infrastructure projects.
"Yesterday seven victims' family members took their compensation, and the government has already issued money to all the 16 victims," says Yuba Raj Shrestha, an official at the mountaineering department of the ministry of tourism.
Jefferson fought the bank, helping to bring it down, and Burr killed Hamilton over public insults; but privately issued money gained a foothold in America.
Similar(53)
This was a cure that government, which issues money and determines its value, could dispense.
The shadow banking system came to issue money as well, in the form of repos.
One of the wonderful things about central banks is their power to issue money by fiat.
That's basically right, although issuing money isn't enough when you're at the zero lower bound.
This means that if the central bank buys government debt by issuing money, the consolidated state debt position is unaffected.
Did we allow defeated Germany to issue money with Adolf Hitler's image on it after WWII?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com