the real economy

Just as in the U. S. today, most Japanese did not initially appreciate how devastating a banking crisis could be to the real economy.

Trichet said the ECB had cut rates as it was "anticipating future bad news that we expect coming from the real economy. "

Jean-Claude Trichet, ECB president, said the impact on the real economy of the global credit squeeze remained unclear.

But that money used to have possession is not the real molecules of the real economy.

If it did, it would impart instability into the real economy in response to erratic and unpredictable movements in prices of commodities.

Cases like this lead many economists to conclude that the impact of the bailout programs on the real economy has generally been positive.

We will discuss how events that started in financial markets now seem to be feeding through to the real economy.

When countries on the gold standard suffered a shock they had to let the real economy, rather than their currencies, take the strain.

Providing this backstop was just as important as monetary and fiscal stimulus in arresting the slide in the real economy.

Global financial markets are in disarray but prospects for innovation in the real economy have never been more robust.

The conference fretted that with the financial shock now a year old, the real economy may still have not felt its full effect.

This will set off feedback loops between the real economy and financial one, in the opposite direction to that we have been experiencing.

That is to say, we will try to put the short-term speculative money, if any, in a pool rather than letting it flood the real economy.

But do not confuse that possibility with an all-clear sign for the real economy, stock markets or the political cycle.

The outcome matters directly to the markets and to the real economy in a way it has not done in this investor's lifetime.

In the event of a bubble however, whose bursting would greatly impact the real economy, non-monetary tools should be used to deflate it.

The danger for the real economy is not that the return to a normalised monetary policy takes place, but it does so too late.

More generally, they want to see funds flow out of cash and into the real economy.

And with demand for money in the real economy still weak, these funds are tending to go into financial assets, reigniting asset prices.

Subtracting these from the 3. 1 trillion yuan, the money that has flowed into the real economy appears to have been quite limited.

Asset market bubbles of any scale and duration usually have their equivalents in the real economy.

Their failure, which is now a present danger, could produce more financial contagion and reduce credit to a swath of the real economy.

It should be said the political fine-tuning will have a greater impact on the real economy.

"Risks to the real economy come from the real economy itself . . . and they may impinge on financial services, " he said.

German banks were badly affected by the financial crisis, but there has been little evidence of a reduction in credit to the "real" economy.

Most analysts argue that such a collapse will have minimal impact on the real economy.

However, such effort may be far from enough, especially compared with the dramatic change of the real economy in the past half year.

However, liquidity conditions should remain buoyant, as recent loans begin to be fully deployed into the real economy.

The long-term damage could be more serious as private businesses withdrawing from the real economy into the virtual one.

Each of the previous waves had come in response to a profound shift in the real economy.

Mr. Brown acknowledges that turbulent times still lie ahead as the international financial problems filter down into the real economy.

This "increased the likelihood of a negative interaction between banking system adjustment and the real economy" .

Flow-of-fund models quantify the sustainability of the debt burden and the financial sector's drain on the real economy.

This credit easing has been responsible for the recovery in the price of all financial assets and a return to growth in the real economy.

the banking industry has always been highly concerned about the services to the real economy.

The danger is that policymakers have done more to revive the financial markets than they have to shore up the real economy.

Further, the sharp interest rate adjustments likely to accompany this attempted fine-tuning exercise could wreak havoc on the real economy.

Then, US authorities did everything they could to ensure that the crisis would not infect the real economy.

Banks should be obliged in return to help reinvigorate the real economy.

The financial sector is just as real as the real economy.

Third, repair of the banking sector must be completed to ensure credit reaches the real economy.

The real economy these companies operate in is far too strong to be affected by stock wobbles, goes the argument.

"Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy, " the IMF said.

They draw inspiration from neglected prophets, like Minsky, who recognised that the "real" economy was inseparable from the financial.

This is a problem that has been festering in the financial markets for a while; it's now spilling out into the real economy.

Obama has turned the page on Bush's purblind refusal to spend the money needed to get the real economy going.

Some analysts said equity markets have finally realised that the credit market turmoil is spilling over into the real economy.

First, they misjudged the severity of the downturn in the west, as the credit crisis spread to the real economy.

Equity markets have been in a state of panic over the deterioration in the financial sector and the real economy.

So the worst is ahead of us rather than behind us, both for the real economy and for financial markets.

The crisis demonstrates the costs to the real economy and lack of an efficient self-regulating system.

In the real economy, manufacturing output has stabilised: a substantial rebound is likely, as the inventory cycle turns.

As the financial crisis squeezes the real economy, urban white-collar workers speak of shrinking bonuses and frozen wages.

Nor is there much impact on the real economy or on foreign portfolio investors, who are limited to a tiny share of the market.

The NAFMII report said Chinese credit derivatives must follow the principles of simplicity and transparency and cater to the 'real' economy.

They must, instead, try to "insulate the real economy from consequences of financial instability" .

Whether it succeeds or fails, US financial markets would take a beating and the real economy, jobs included, would suffer damage.

But as the chaos spills into the real economy, firms in many different industries are being infected by it.

'Make no mistake, it's moving over to the real economy, ' said a senior official at a major Russian bank.

That it will affect the real economy is no longer in doubt.

The real economy is still shedding jobs fast, after all, with unemployment reaching 5. 2% in the first three months of the year.

We are puzzled by the length and severity of the financial crisis and its effects on the real economy.

It has made banks profitable and bankers richer, with modest benefit for the real economy.

Interest rate cuts work their way through to the real economy by a number of transmission channels.

Policy indecision has exacerbated uncertainty and added to financial strains, feeding back into the real economy.

And if the government were to increase its monitoring of FDI and trade flows, the extra bureaucracy could harm the real economy.

China's banking regulator has advised banks to avoid sudden surges in lending and to ensure that loans are channeled into the real economy.

Intervening to prevent banking crises from hurting the real economy has a strong pedigree.

However, uncertainty remains high, and there are still risks of negative feedback loops between the financial sector and the real economy.

Second, the imbalance between the virtual and the real economy, caused by disproportionate expansion of the virtual economy.

'This shows that more liquidity is flowing into the real economy, ' said Ha Jiming, chief economist of China International Capital Corp.

But a fast move would be harder on the real economy, because exporters wouldn't have time to adjust.

De-leveraging has put the real economy in a funk. Households struggle to make ends meet.

The relationship between markets and the 'real' economy has gotten out of whack.

In particular, it could not have been contained within the financial system, "but would have been felt broadly in the real economy" .

Yet his gloomy near-term prognosis was brightened by more optimistic forecasts for the real economy later this year and next.

The banks had to be saved from collapse and the real economy resuscitated.

Most commentary, at large, in Posner's book, and in this review, has been about how the financial collapse damages the real economy.

However, we don't think this modest rate increase is likely to harm the real economy, given its solid fundamentals.

We did the survey in Brazil where the real economy is OK, but people still have bad memories [of economic upheaval].

All of those SIVs and credit default swaps that once generated credit are now contracting and pulling the real economy down with them.

Third, banks serve to transmit the impulses of monetary policy to the whole financial system and ultimately to the real economy.

Financial services in the "muddled middle" neither serve the real economy, nor have regained strength themselves.

Financial panics, if left alone, rarely cause much damage to the real economy, output, employment or production.

The financial crisis is now claiming victims in the "real" economy.

It is part of the phenomenon of the private sector withdrawing from the real economy into the virtual one.

We don't want to see the financial turmoil spread into the real economy.

Global liquidity is about to dry up again, and the real economy will soon feel the impact.

The government should reopen the reform agenda, as markets have been increasingly focused on the prospects of the real economy.

Banks' capital underpins either lending to the real economy or low-yielding assets to support liquidity.

The government should reopen the reform agenda, as markets have been increasingly focused on the prospects of the real economy.

Banks' capital underpins either lending to the real economy or low-yielding assets to support liquidity.

Meanwhile, in the real economy the rise in business confidence shows every sign of strengthening and broadening out.

Instead of lending this money onto the real economy, banks have either hoarded it in excess reserves or invested it in government bonds.

Unless any recovery is robust, the reduction of central bank liquidity would hurt the securities markets and the real economy.

After savaging the financial markets, the credit crisis has broken loose into the real economy.

It emerged from inherent require of the real economy and gave impetus to develop the real economy.

Asia, as Mr Mahbubani says, was concentrating on the real economy, busily making consumer electronics, machine tools and container ships.

After a soring price-tag deviating from the real asst price, huge price adjustment will come up and influence the real economy stability.

Yet Slim explained that the Fed's actions and fiscal stimulus has flowed more to finance rather than the real economy.

Yet Slim explained that the Fed's actions and fiscal stimulus has flowed more to finance rather than the real economy.

The stock market is simply too inefficient, and its links with the real economy too tenuous, to make this a good strategy.

But access to credit by individuals today creates greater ties between finance and the "real economy, " he notes.

Another question is how quickly the effects of the stimulus package will be felt in the real economy.

Our obsession with monetary policy in the conduct of the real economy is misplaced.

That has increased worries about the real economy, which itself adds to the worries about banks' solvency.

Mr Bernanke still believes that interest rate decisions should focus on the real economy.

"At some stage these tightening measures will have a real impact on the real economy. "

By anchoring the currency, governments forced the real economy to absorb shocks.

The main problem is that the feedback loops between the real economy and the banking sector are truly scary.

But it realizes that significant changes to the cost and availability of credit will make an impact on the real economy if they persist .

As the financial crisis has worsened the impact on the real economy has become much worse.

The real economy will develop regardless what happens' in the political world.

The reforms focused on the real economy and ignored the country's increasingly unstable debt.

Because of the financial activities in the commodity market the real economy is sensitive to the financial market fluctuations.

Nor is it clear that previous rounds of QE did much to help the real economy.

Too big a smile, according to some experts, since the buoyancy of asset markets is not reflected in the real economy.

Part two is setting appropriate monetary policy to support the real economy.

But the real economy is not doing badly. Tourists are returning.

However, the biggest concern is with the impact on the real economy and people.

Finance was once a means to an end: the growth of the real economy.

The real economy of goods and services is getting closer to the light, but the government and central banks remain stuck in darkness.

The rot spread from asset class to asset class, and the banks' pain spread to the real economy.

Both in the real economy and the financial sector, governments intervened.

No subordination of banks to the needs of the real economy.

E urope's recovery in the real economy has taken hold and is becoming self-sustaining.

This would help to balance the real economy, and to ensure stability in the financial system.

As we work through this period, our highest priority is limiting its impact on the real economy.

The virtual economy has scraped out the real economy.

This is beneficial for labour mobility and helpful to the real economy because additional house sales spur economic activity.

Yet for all the bond-market turmoil, the real economy is doing well.

Meanwhile, the government's fiscal expansion has offset the impact on final demand from the collapse in animal spirits in the real economy.

It not only makes it impossible for retail investors to compete on equal terms but imposes a drag on the real economy.

Instead of encouraging the real economy forward, inflation is pushing it back.

In 2008, the crisis of the real economy triggered a banking or financial crisis.

In the real economy, the development of vertical combination model showed its advantages, a more extensive research space.

A flight from risky assets would likely batter the Indian market and the loss of capital could deliver a further blow to the real economy.

Recovery in the real economy followed three years after.

It also funnels money into equity and housing rather than the real economy.

The damage to the real economy is becoming apparent.

As a result, LTCM's problems triggered few immediate adverse effects on the "real" economy.

If that can be done, the real economy will level out as well.

Banks contribute to the real economy in other ways.

He has been prescient in understanding the links between financial markets and the real economy.

As we move into 2010, financial markets are creating a positive feedback loop for the real economy.

Kwon says the volatility will harm the real economy.

From the 1920s to the 1950s, the Fed tightened when the price level began to increase and it paid less attention to the real economy.

"We haven't yet seen the full impact on the real economy. "

It is also spreading to every significant sector of the real economy, much of which is clamouring for assistance.

But the forex game, unlike the real economy, is zero-sum.

They prefer to forecast the real economy directly from variables such as investment and trends in consumer spending.

Another is that it is impossible to protect the real economy from a breakdown of the credit system.

And they did that before the housing bubble got bigger and ended up distorting the real economy, so they've done a good job.

But this is one very important route by which the financial collapse damages the real economy.

We should deepen reform of the financial system and improve the modern financial system so that it supports development of the real economy.

'You can't afford to bail out the financial system and the real economy at the same time, ' said Mr. Ashworth.

First and foremost, there is the impact on the real economy.

In addition, you students'psychophysiology to promote the development of the real economy, the small enterprises so as to create more jobs.

That leaves the government pondering just what the link is these days between banks and the real economy.

The real economy in China is most heavily impacted by the financial crisis.

The real economy competition is more and more small , virtual economy expands boundlessly .

For much of late 2007 and early 2008, many people in the "real economy" wondered what the financial sector was panicking about.

One striking feature of recent events is how slow they have been to hit the real economy.

They can make up statisticsfor GDP, but not the real economy.

On the Impact of International Speculation-oriented Capital on the Real Economy and Its Preventing

Interdynamic and countermeasures of the real economy and fictitious economy in new economic era

Reinforcement to Internal Financing of the Real Economy

The real economy depends on two major things:

Study on the Stage Development of the Fictitious Economy and the Real Economy in the Period of New Economy

More difficult to survive in the real economy

Financial Market Development and the Real Economy in Hong Kong