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Monetary authorities drained some liquidity from the market, curbed lending and asked banks to show restraint.
After some International Monetary Fund aid and drained reserves, a devaluation was narrowly avoided.
That could change as banks begin to lend money they hold in reserves, but the Fed hopes tighter monetary policy and efforts to drain some reserves will counteract any inflation.
Substantial social and economic disruption followed in China, not only from the effects of the opium habit itself as it spread among the populace but from the corruption it engendered among petty officials and from a fall in the value of copper in China's bimetallic monetary system as silver was drained from the economy.
Will Trump drain the swamp of monetary policy?
In 2007, the International Monetary Fund said Iran had the worst "brain drain" of 90 nations it surveyed.
After the BoJ turned off the monetary printing presses in March and began to drain ¥20 trillion $175 billionn) of excess liquidity the equivalent of 4% of GDP from the banking system, the Japanese stockmarket dropped violently.
WASHINGTON, June 19 (Reuters) -- Treasury Secretary Robert E. Rubin warned today that a new rescue package for Russia could drain the resources of the International Monetary Fund and urged Congress to make more money available soon.
Many singles have worked hard to build their nest eggs and don't want a partner without means to drain their bank accounts with health or monetary needs.
But research by economists in academia and at the International Monetary Fund suggests a dollar of deficit reduction could drain as much as $1.70 from the economy, making the prospective belt tightening much more dangerous.
For example, the Treasury could resume its recent practice of issuing supplementary financing bills and placing the funds with the Federal Reserve; the issuance of these bills effectively drains reserves from the banking system, improving monetary control.
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CEO of Professional Science Editing for Scientists @ prosciediting.com