The fact that redeemability
does not determine value except so far as it determines quantity means that we might be able to design a protocol so that the total quantity of coins behaves similarly to a system of competitive and redeemable bank liabilities, without intermediation at all.
15, 2001) (granting exemptions from various provisions of the ICA to authorize an ETF sponsor, among other things, "to issue shares of limited redeemability
[and] permit secondary market transactions in the shares of the portfolios at negotiated prices on the national securities exchange").
The Banking Amendment Act of 1914 enabled the government to end redeemability
in gold and declare all privately issued bank notes in circulation to be legal tender.
Contraposed to the punitive appeal of standard and race-conscious discretion, the petition declares the redeemability
of white lawbreakers and the possibility of racial reform even when personal history and practical reason tilt to the contrary.
The second, 'Mengerian Perspectives on the Future of Money', is by George Selgin and Lawrence White, and the last, 'The Institutional Character of Electronic Money Schemes: Redeemability
and the Unit of Account', is by Stefan Schmitz.
Except that I think that, in order to pursue the process of protest, one must indeed develop a sense of the redeemability
of the other -- which is why one worships.
"At some point, we may want to draw a line in this area to preserve the redeemability
feature of these products," he said.
Her progress is a manifestation of the belief that 'souls may be spiritually improved by a change in social condition', a combination of the 'Evangelical belief in conversion, or rather in the redeemability
of the soul' (Mason, p.
Often, the range of public redeemability
It manages, within the requirements of its formula, to be both entertaining and intelligent while offering a positive contemporary message about the redeemability
of disadvantaged kids whose minds, with all their potential to enrich society, are going to waste and posing a threat.
Investments in money market and bond mutual funds can provide investors with rates of return that are nearly identical to investments in term CDs (the funds can hold these CDs themselves), but with the added convenience of mutual fund redeemability
. One might argue that bond mutual funds now dominate a CD investment.
The more confidence the bank can imbue in the consumer regarding the redeemability
of its notes, the less likely it is that anyone will believe otherwise.