It is a gem, and `Full many a gem,' as the poet says, has been allowed to go at a nominal price
because the public knew no better, because it was offered in circles where there was--I was going to say a low feeling, but no!--Six pounds-- six guineas--a Guydo of the first order going at six guineas-- it is an insult to religion, ladies; it touches us all as Christians, gentlemen, that a subject like this should go at such a low figure-- six pounds ten--seven--"
at a nominal price
, or even getting it for nothing.'
1 October 2014 - Greek lender Alpha Bank AE (OTCMKTS:ALBKY) said it had finalised its acquisition of the local retail banking business, including Diners Club of Greece, previously owned by Citibank, for a nominal price
of EUR2m (USD2.5m).
The government is allotting a plot of land at a nominal price
to Omanis from the age of 25 to help them build their first home.
Bank of Cyprus, the island's largest bank, said it had converted 37.5 per cent of deposits exceeding e1/4100,000 into "class A" shares -- nominal price
e1/41.0 -- with an additional 22.5 per cent held as a buffer for possible conversion in the future.
I am also assuring to our customers to provide extraordinary services in nominal price
and supporting them to the maximum extent.
As part of the capital increase, the bank will place up to 58m ordinary shares at a nominal price
of EUR3 apiece and a premium which is is yet to be set.
* Douglas Davis and Oleg Korenok, Virginia Commonwealth University, "Nominal Price
Shocks in Monopolistically Competitive Markets: An Experimental Analysis"
"Each of the hotels will provide five-star catering and specialities from around the world at a nominal price
to spectators," he said.
In the circumstances just described, where efficiency across sectors requires nominal price
changes within a sector or sectors, a zero inflation rate for the consumption price index may no longer be the optimal prescription for monetary policy in the presence of sticky prices.
This nominal price
rise was less than the inflation rate, and so the real price index declined (-1.5%), thus continuing the long-term trend in agricultural input prices.
This paper complements these studies by deriving the implications of nominal price
rigidity for optimal monetary policy.