213 Deputy Joan Collins asked the Minister for Finance with regard to the Irish euro, if this money is created electronically, without relationship to underlying assets; if not, the assets that underpin the creation of Irish bank notes; if there is any legal or other requirement that loans advanced by the banks should be underpinned by assets or deposits of any kind held by those banks; the person who decides the quantities of the Irish euro that are printed; how often is the printing of such notes undertaken, in what quantities and at whose instruction; is the Irish euro note printed in Ireland; if not, where is it printed; the way that printing process is monitored and by whom; and such money generation is generally carried out as a short or long-term liquidity measure as if, say, an asset purchase facility fund, or for the purposes of so-called quantitative easing to facilitate banks within the State, or in response to some other requirement or stated criteria, or under what other conditions. [19118/12]

Summary

213 Deputy Joan Collins asked the Minister for Finance with regard to the Irish euro, if this money is created electronically, without relationship to underlying assets; if not, the assets that underpin the creation of Irish bank notes; if there is any legal or other requirement that loans advanced by the banks should be underpinned by assets or deposits of any kind held by those banks; the person who decides the quantities of the Irish euro that are printed; how often is the printing of such notes undertaken, in what quantities and at whose instruction; is the Irish euro note printed in Ireland; if not, where is it printed; the way that printing process is monitored and by whom; and such money generation is generally carried out as a short or long-term liquidity measure as if, say, an asset purchase facility fund, or for the purposes of so-called quantitative easing to facilitate banks within the State, or in response to some other requirement or stated criteria, or under what other conditions. [19118/12]

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• Monetary Policy

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