Assets Quote by William Smith White
“There are five main purposes of central bank cooperation"..."the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.”
About This Quote
Source Speech: International Monetary Policy Forum, 1975
Central banks collaborate to provide international credit and, influence asset prices when deemed beneficial.
In simple terms: Banks work together on credit and market influence.
Leverage cooperation for global financial stability.
Themes
Mood
Type
When to use this quote
- central bank meetings
- emergency liquidity
- currency stabilization
- gold market interventions
Key Concepts
Questions to Reflect On
- How can cooperation be balanced with sovereign priorities?
- What risks arise from market manipulation?
Effectiveness depends on alignment of national interests.