International Monetary Fund

RBA and its relevance to banking and finance lawyers RBA is a statutory authority and it is Australia’s central banking. RBA’s key role is monetary policy. The RBA explains monetary policy as the process of setting the interest rate on overnight loans in the money market. This is known as the “cash rate”. RBA further explains that the cash rate influences other interest rates in the economy (including the money-market rates and the key rates of banks and financial intermediaries such as…

Reserve Bank of Kansas City’s annual conference on monetary policy in Jackson Hole. She stated that the case for a higher federal funds rate had recently strengthened. This hot topic of conversation subsequently shifted to one of how many hikes are potentially likely in 2016, as well as their timing. Chair Yellen’s intention was to put into play the 20-21 September Federal Open Market Committee (FOMC) meeting as an opportunity to raise the federal funds target. Meanwhile, Fed Governor Lael…

A standard. A global monetary standard. Such the day, as capricious as it may sound, may not be so inconceivable after all. It might just very well be right around the corner. For those who service the media as a sort of “global creed,” it is with great disappointment to find it saturated with too many economic disparities and presumptuous assumptions. Adept theorists are blatantly candid in sharing the reason(s) they believe are the cause(s) of the current state of turmoil. And it goes without…

Union (EU) state to ask for financial assistance from the European Commission, the European Central Bank and from the International Monetary Fund. Together these three are known as Troika. Cyprus tried to recover on its own, but ended up needing assistance. This led to possibly one of the most controversial Eurogroup decisions to ever take place, a seizure of funds from high funds depositors. This was intriguing to us as we were curious if the United States could adopt some form of this policy. …

did it all come to an end? What effects did it have on the United States economy? These are all questions that people may be wondering about and that will be answered in this paper. The Bretton Woods Agreement was the turning point system for monetary…

One of the reasons for keeping the pound can certainly be found in British pound attack in 1992 and Quantum fund is blame as the culprit. This paper contains 4 chapters which are aimed at presenting the sterling crisis and role of Quantum fund to this currency attack. 1. Background of the institutions and the event 1.1 Quantum Fund Quantum fund was known as Soros Fund Management. The fund was founded by George Soros and his…

The emergence of the global economy has paved the way for many countries to establish their presence in competing in the global economy. The emergence of developing countries such as Russia, India, China and South Africa has impacted international business and how other industrial countries view the BRICS association. Each of the BRICS members of the economies has advanced due to industrialization. Each of these countries expanded their efforts in the manufacturing of goods that are provided to…

America, as a whole, all that she is comprised of, finds herself at what almost can be classified as tumultuous. And with the national economy being stagnant at most, the question of whether or not to reinstate the Gold Standard as Global Prime Monetary System, is on the rise in spite the “economic downfalls” theorists strongly believe it will bring about. But be that as it may, the notion is still out there and it doesn’t seem to be going anywhere any time soon.…

open market operations (the most vital tool) to alter the money supply by buying or selling bonds when they want to make changes. The discount rate; the interest rate the Fed charges private banks to borrow money from the Federal Reserve, and federal funds rate; the rate of interest banks charge each other to borrow their reserves, are adjusted up or down to expand or contract the money supply. When the Fed decides that the economy is not performing at its full potential this is when they…

economic performance. It is the goal of the US government to achieve full employment and reduce the poverty affected population. Price stabilization can be traced back to the 19th century. During this time, the only stabilization technique was the international gold standard. Under this measure, if a country incurred a deficit in balance of payments, gold would flow out of the said country. To confront the situation, policy makers would increase the interest rates and complicate credit…