It was not the circulation of a large supply of money as such which was troublesome, but the overissue as compared with the real requirements of trade and industry. |
|
Fullarton believed that overissue of a convertible currency was impossible. |
|
This, coupled with their overissue, caused them to be heavily discounted and eventually rejected by the public. |
|
The right to recover damages from an issuer who has permitted an overissue to occur is well settled. |
|
We are not aware that the overissue provisions in existing Canadian law have ever been judicially considered. |
|
In periods of distress, however, when borrowers did not repay their loans or in case of overissue, the banks could fail. |
|
Cavalcanti, Erosa, and Temzelides show, however, that each bank in a private money system could have sufficient incentives to prevent overissue. |
|
The true owner of an uncertificated security is entitled and required to take restoration of the records to their proper state, with a similar exception for overissue. |
|
Profit incentives would restrain overissue, because people would not hold units lacking purchasing-power stability. |
|
The overissue provisions do not apply to the Crown as an issuer. |
|
A quantity commitment solves the problem of making a credible commitment not to overissue. |
|
Where both the original and the new certificate have reached protected purchasers the issuer is required to honor both certificates unless an overissue would result and the security is not reasonably available for purchase. |
|
At the same time, with the newspaper industry still struggling, the supply of overissue news has declined. |
|
Toward the end of the dynasty, an incapable financial administration stimulated inflation by the overissue of paper money, but in Kublai's time the use of banknotes was essential. |
|
The true owner of a certificated security is required to take a new security except where an overissue would result and a similar security is not reasonably available for purchase. |
|
Hence, the deposited money represents a bailment or a present good, and the overissue of money substitutes constitutes fraud. |
|
But Christiernin always attributed the prior price rise solely to overissue of paper, whereas Thornton recognized that real shocks also could be a cause. |
|