Overissue

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Overissue

An excess of issued shares over authorized shares.

Overissue

A situation in which a company issues more shares than it has authorized shares.

References in periodicals archive ?

The sluice gates would be opened and the remaining constraints against the overissue of base money would be severely, even irremediably, weakened.

Against Helicopter Money

An influential group of classicals known as the strict bullionists arose to attribute these inflationary phenomena solely to the redundancy of money and to accuse the Bank of taking advantage of the absence of a convertibility constraint to overissue the currency.

Classical deflation theory

The majority, however, though recognizing "a very close connection between the ease or difficulty of issuing notes and the activity and efficiency of the redemption system," believed that legislation redesigning the redemption system was needed to prevent overissue of asset currency.(79)

Monetary reform and the redemption of national bank notes

We can infer that the melting edict itself indicates overissue of money because coins would come to be melted only if their value was declining relative to melted copper.

How paper money led to the Mongol conquest: money and the collapse of Song China

The gold standard has much to commend it: it imposes a discipline against the overissue of currency, restrains monetary meddlers, and has a fairly good track record.

Learning the right lessons from the financial crisis

Joseph Salerno (2003) argues that concerns about deflation are primarily due to legal restrictions on labor markets, while George Selgin (2001) creates a "principle of adverse clearings" to explain why private banks would be unable to overissue currency in a free-banking environment.

Contemporary work in Austrian economics

First, there might be an "overissue" problem, as discussed by Friedman (1960).

Private money and counterfeiting

Profit incentives would restrain overissue, because people would not hold units lacking purchasing-power stability.

Yellowbacks out West and greenbacks back East: social-choice dimensions of monetary reform

They argued that in the antebellum period, private banks issued notes against gold and silver reserves with no external force to check them and therefore tended to overissue notes and to engender economic instability.

U.S. commercial banking: historiographical survey

A quantity commitment solves the problem of making a credible commitment not to overissue. But it has a major shortcoming when applied to currency.

The market for cryptocurrencies

Hence, the deposited money represents a bailment or a present good, and the overissue of money substitutes constitutes fraud.

Fractional reserves and demand deposits: historical evidence from an unregulated banking system

In other words, a monetary overissue occurs as "the market borrows unduly much from the bank and becomes too abundantly supplied with means of payment" (517).

Knut Wicksell and Gustav Cassel on the cumulative process and the price-stabilizing policy rule

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