The "put" implies that investors will have the ability to get out of their stocks in a crisis because central banks
will create liquidity if the markets plunge.
, such as Sweden's Rijksbank, are already known to be doing this with their reserves.
The Chinese central bank
has entered into a swap deal with the European Central Bank
In evaluating those modifications, I would like to underline the significant supervisory role required by the Federal Reserve to carry out its central bank
This evokes what Adam Fleming, former chairman of Harmony Gold, now chairman of Wits Gold, said at GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, last August, just hours before the current sharp rally in gold began: that just a little investment demand could take the central banks
out of their gold 'in the blink of an eye.
Before World War I, central banks
predominantly focused on guarding financial stability and funding government debt.
That means that, as a result, central banks
may head towards monetary easing around the same time.
should only worry about how they do things to the extent it affects policy outcomes, not how they would appear nor what they might do to their "credibility.
Not only is it important that one of our regulators have macroeconomic responsibility so as to carry out the regulatory function properly, but also our central bank
must continue to have hands-on involvement in supervision and regulation so as to effectively carry out its macroeconomic responsibilities.
Embry, who will speak at GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, Canada, from August 7 to 9, likened the current intervention of central banks
against the gold price to their coordinated selling of gold in the 1960s via what was called the London Gold Pool.
That is the conclusion of financial analysts, of economists, and of others who have studied the experiences of central banks
around the globe, and of the legislators who built the Federal Reserve.
The gold market is "managed" by central banks
through their sales and leasing of gold.
The Austrian central bank
(OeNB) will not be accepting bank bonds backed by Ireland, Greece and Portugal, in accordance with a new European Central Bank
policy to help central banks
protect their balance sheets, Dow Jones has reported, citing a source close to the Austrian central bank
Knight and his chairman of the Board of Governors, Dutch central bank
Governor Nout Wellink, not only acted to please the delegates from central banks
, financial institutions, and guests from the international banking and financial communities.
Nicoletta Batini, Paul Levine, and Joseph Pearlman look for the conditions under which central banks
in open economies could effectively set policy according to a rule based on expected inflation.