Word: centrally
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Dates: during 2000-2009
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...economies, markets and political systems. China's four largest banks, for example, still have over 50,000 branches between them - branches that in many cases function autonomously with respect to deposit-gathering and lending policies. Such a fragmented banking system has long been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening income and educational disparities that remain a major source of instability in the region. Widespread corruption further complicates the macro implementation...
...Javanese royalty Pakubuwono X, who died in 1938, was the susuhunan, or sultan, of Surakarta (the central Javanese city more commonly known as Solo). He was well read in everything and very forward-looking. His court even combined batik and Art Deco designs...
...only dark cable comedies that have borrowed tricks from dramas. (The Office and Parks are also willing to take their characters into dramatic territory.) CBS's How I Met Your Mother is like a sitcom version of Lost: it's built around a central mystery - how the protagonist meets his eventual wife - and likes to play with nonlinear narratives, story lines that jump around in time. It's a light show, but it expects its viewers to pay much closer attention than did the sitcoms of a generation ago (as does Emmy-winning 30 Rock, which is shot through with...
Three days after the Reserve Bank of Australia unexpectedly raised interest rates, the monetary policy committee of South Korea's central bank held a meeting. The Oct. 9 gathering was closely followed because the Australian move raised expectations that other central banks would also tighten. Korea held the line. Citing "uncertainty as to the economic growth path," the Bank of Korea kept interest rates at an ultra-low 2%, the result of six rate cuts over the past year...
...Still, it is only a matter of time before Korea follows Australia's lead. So will the People's Bank of China, the Reserve Bank of India, the Reserve Bank of New Zealand, the Monetary Authority of Singapore - and perhaps several months down the road, the European Central Bank. As economies recover and jobless rates fall, most policymakers will raise interest rates to head off the inflation that could result from the massive fiscal stimulus spending launched by governments around the world to combat the global recession. (See pictures of the global financial crisis...