(c) Interest income in excess of the budgetary estimates

In an economy with flexible interest and exchange rates, arbitrage eliminates the exchange rate spread quickly. But, because China s exchange rate and interest rates are inflexible, the CNH CNY spread persists, and arbitragers are able to reap fat profits at the economy s expense.

(d) Contribution and expense flows

China s Excess Capacity Nightmare

But what financial repression usually involves is keeping interest rates below their natural market level, to the benefit of borrowers at the expense of savers. The borrowers are often governments, and in many emerging economies the state has funded its extravagances by paying bank depositors derisory rates of interest.

Contrary to bankers claims, increasing equity requirements significantly, and thus safeguarding the financial system s stability, is in the public interest including the interest of most shareholders. By contrast, preserving the status quo, or implementing inadequate regulation, would allow bankers to continue to profit at the expense of others.

It should stop paying interest on excess reserves until the US economy returns to a more normal footing. Most important, it should announce a strategy for eliminating the massive volume of such reserves.

I don't care about the expense.

If the economy as a whole desires to deleverage, a depression ensues. It is then the central bank s job to intervene in the banking system in order to push the market interest rate to the natural interest rate, thereby balancing the economy at full employment without excess inflation.

Excess of politeness is annoying.

But the time will come when the banks will want to use their excess reserves to support more profitable lending. The Fed will then need to raise the interest rate that it pays on excess reserves to limit the extent to which the commercial banks can draw down those reserves to create additional lending and deposits.

Interest income in excess of the budgetary estimate ( 660,500) for the year 2004 is 57,870 actual amount, if any, due for distribution to eligible Member States will be determined at the end of the biennium.

We have this incredible excess capacity.

There was no expense cost. Perfect field trip.

I had a good dinner at his expense.

With no limit, profligate countries could go on a spending spree at the expense of thriftier ones. After the advent of the euro, the eurozone s Mediterranean members enjoyed a lending boom while piggybacking on Germany s low interest rates.

Excess of authority or contravention of instructions

Sustained budget deficits crowd out private investment, push up long term real interest rates, and increase the burden on future taxpayers. But they do not cause inflation unless they lead to excess demand for goods and labor.

God will not allow to increase whatever illegal interest you try to receive in order to increase your wealth at the expense of people's property. Whatever amount of zakat you give to please God will be doubled (for you).

God will not allow to increase whatever illegal interest you try to receive in order to increase your wealth at the expense of people's property. Whatever amount of zakat you give to please God will be doubled (for you).

First, with asset prices like housing fueled by global liquidity, goods prices kept quiescent by excess capacity and global trade, and interest rates held down by muted investment, domestic and external imbalances have been easily financed. The traditional signals provided by inflation expectations, long term interest rates, and exchange rates have not started flashing.

Think of the expense, the human cost of that.

He did it at the expense of his health.

Urban areas grew at the expense of rural areas.

In other circumstances, the US would benefit from the exchange rate weakening that follows from lower interest rates 160 a kind of beggar thy neighbor competitive devaluation that would come at the expense of America s trading partners. But, given lower interest rates in Europe and the global slowdown, the gains are likely to be small even here.

In other circumstances, the US would benefit from the exchange rate weakening that follows from lower interest rates a kind of beggar thy neighbor competitive devaluation that would come at the expense of America s trading partners. But, given lower interest rates in Europe and the global slowdown, the gains are likely to be small even here.

(d) Net excess (shortfall) of income over expenditure

John finished the work at the expense of his health.

Record low interest rates in 2001, 2002 and 2003 did not lead Americans to invest more there was already excess capacity. Instead, easy money stimulated the economy by inducing households to refinance their mortgages, and to spend some of their capital.

The craving for excess wealth kept you people neglectful.

The craving for excess wealth kept you people neglectful.

We cannot pursue one at the expense of the other two.

Any time perspective in excess has more negatives than positives.

Stopping the deployment of excess international search and rescue teams

But allowing companies with poor environmental records to operate with impunity is no solution. A country where legislation is tailor made to benefit a few, at the expense of the public interest, cannot achieve long term inclusive prosperity and is likely to experience social instability.

In addition, there are various other fees charged to portfolio companies and to investors that further encourage high levels of debt. The US tax code allows interest payments to be deducted as a business expense there is no equivalent allowance for payments to equity investors.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

O ye who believe! make not unlawful the good things which Allah hath made lawful for you, but commit no excess for Allah loveth not those given to excess.

So this developer said, You know what, we'll underwrite the entire expense.

The total expense for the project amounts to one hundred million yen.

So we have, possibly, liquid water, organic materials and excess heat.

The load of the truck was in excess of three tons.

In 1998, excess capacity was estimated to be 275 Mt. worldwide.

In past decades, large expansions of bank reserves caused lending surges that increased the money supply and fueled inflationary spending growth. But now commercial banks are willing to hold their excess reserves at the Fed, because the Fed now pays interest on those deposits.

Given the high levels of excess capacity and unemployment in Europe and America, quantitative easing is unlikely to trigger a bout of inflation. It could, however, increase anxieties about future inflation, leading to higher long term interest rates precisely the opposite of the Fed s goal.