Currency unions, in other words, must worry about endogenous as much as exogenous shocks.

Doing so allowed them to isolate the impact of monetary shocks on growth.

Successful coordination in fiscal and monetary affairs would enable the region to manage external shocks successfully.

EMU will enable us to reduce the impact of internal monetary shocks, to have growth in conditions of stability which will create more jobs.

For other countries, it is important to focus on policies that can strengthen resilience to foreign financial or monetary shocks.

This increases Swaziland's vulnerability to external economic shocks.

There is also a risk of a hard landing for emerging market economies, as trade, financial, and currency links transmit real and financial shocks to them.

Shocks!

Shocks, my lord?

Staging Category

No shocks.

Not just to prevent monetary shocks or to prevent the internal market breaking up but because we believe that our peoples should help one another, taking part in a joint enterprise.

When a subsidiary body of the Convention exercises its functions with regard to matters concerning this Protocol, any member of the bureau of that subsidiary body representing a Party to the Convention but, at that time, not a Party to this Protocol, shall be substituted by a member to be elected by and from among the Parties to this Protocol.

High bumper

But while theory suggests that flexible exchange rates should blunt foreign monetary or financial shocks, in practice, such a currency regime rarely works on its own.

To the extent that monetary and fiscal arrangements fail to reduce or eliminate moral hazard, the risk that capital flows create these endogenous asymmetric shocks will remain commensurately high.

The traffic was very heavy. The cars were lined up bumper to bumper.

The bumper is screwed...

(a) pedestrian leg impacts and

He's in spasm.

4.4.6 Responses to unforeseen events.

4.5.6 Responses to unforeseen events.

Ruggles, how are you about, er...shocks?

For a voltage exceeding 1000 V but not exceeding 72,5 kV

Data graphic display tubes, monochrome data graphic display tubes, colour, with a phosphor dot screen pitch smaller than 0,4 mm

Stitch bonding machines

But this overlooked a crucial feature of monetary unions free capital mobility and elimination of currency risk indispensable attributes of a currency area could be (and were) the source of asymmetric shocks.

But this overlooked a crucial feature of monetary unions free capital mobility and elimination of currency risk indispensable attributes of a currency area could be (and were) the source of asymmetric shocks.

With regard to relations with third countries, the new measures mean that the Commission will be given the means of organizing a concerted Com munity reaction to external monetary shocks.

But any financial system must be able to withstand shocks, including big ones.

Analysis of economic dynamics and shocks

No more than the collisions it caused.

Here too.

Figure 5 Corner of Bumper

Legform test to bumper

Lower legform to bumper

Upper legform to bumper

Legform to Bumper

The mood in Europe has changed, but so too have the realities of the situation.

Academic literature on optimum currency areas suggested that the extent to which the region was prone to asymmetric macroeconomic shocks and the extent to which it could absorb these through economic flexibility would be two critical factors in determining its durability.

Larry Summers, now the highly influential director of President Barack Obama s National Economic Council, concluded as a young economist that financial and monetary shocks are less important sources of depression than we had suspected.

Larry Summers, now the highly influential director of President Barack Obama s National Economic Council, concluded as a young economist that financial and monetary shocks are less important sources of depression than we had suspected.

Exploiting the information content in monetary and credit aggregates helps the central bank to look beyond the transitory impact of various shocks and to maintain a medium term orientation in monetary policy.

Of course, it is necessary to have arrangements to deal with exceptional monetary circumstances, and the Commission is proposing setting up a special reserve alongside the amount earmarked each year for the CAP, to absorb the impact of fluctuations caused by the dollar's volatility.

a transaction involving cash