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Further, the Bank of Japan is allowed to - indeed must, as the banker of the gov't - purchase newly issued finance bills, which are simply not classified as
It's a technicality that central bankers like to fob off gullible politicians with. In Japan since the 1960s the government has not been allowed to borrow from
090711 Gardiner to Gang8 EU Article 101 It looks as though the change in the EU to a Swiss Style central banking system which forbids the central bank from
The trouble is that bank losses go beyond shareholders' funds and the depositors, quite innocently, are also sufferers. The Bundesbank may have lost its main
090709 Gardiner re government borrowing Gang See the following http://europa.eu/eur-lex/en/treaties/selected/livre223.html#anArt1 This I have to admit was news