International Monetary Fund

Providing insight of old English order, Hector Blunt states, “Oh! money! All the troubles in the world can be put down to money – or the lack of it” (115). In The Murder of Roger Ackroyd, by Agatha Christie, the aristocrats are encompassed by these wealth troubles mentioned by Blunt. These aristocrats belong to the old English hierarchy, which segregates the aristocracy from the commonwealth and prevents class movement between the two. The aristocracy consists of the wealthiest upperclassmen…

“What Money Can’t Buy” written by Michael J. Sandel introduces the recent phenomena of the ever-growing market economy expanding into all realms of life. The author argues that within the market economy, the prevalence of unfairness and corruption are at an all-time high. Sandel goes on to introduce the reader’s to the extreme pace that non-market items are entering into the market economy, including some very absurd examples that make the readers question the morality of the market itself.…

When we speak of monetary policy in the field of economics, one concept that arises in the mind of each thinker is Bangko Sentral ng Pilipinas (BSP). One of the objectives of BSP's monetary policy is to stimulate a low and even inflation (increase in the general level of prices for goods and services) favorable to a balanced and sustainable economic growth (increase in the number of goods and services produced in the country. It was recognized on July 3, 1993 in agreement to the establishment…

5. Consequence & impact of British Pound attack 1992 In 1992 the Quantum Fund played a major role on devaluing the Pound Sterling through speculation. The following section will present in detail the impact of the speculation during the “British Pound Attack”, focusing on the consequence which the British economy had to face and the enormous profits earned by the Quantum Fund. First, the effects of the attack sterling in 1992 not only caused much damage to the British economy but also diminish…

Supply shock refers to a sudden, unexpected event that changes the supply of a product, commodity or service. This results in a sudden change in its price and either increases or diminishes its supply. Contemporary economic theory explains that a supply shock creates a material shift in the aggregate supply curve and thus forces prices to find a new balance. Supply shock can be positive where there is an increased supply or negative when supply is decreased. Its effects can be either long…

generation and broad ownership of industries. Objectives of State Financial Corporation • To set up consistency in local commercial ventures. • To give motivation to new commercial enterprises. • To acquire productivity territorial modern units. • To give fund to tiny, medium scale and cottage commercial enterprises in the state. • To create local money related assets. Functions of State Financial Corporation • The SFCs provides loans mainly for acquisition of fixed assets like building, land,…

In The American Economic Review (1948), The Role of the Monetary Policy by Milton Friedman debates about how monetary policy can affect an economy. In the earlier days the responsibles of the monetary authorites were to stifle any rise in the interest rate, price and output stability and to maintain the gold standard. The monetary authories did not pay much attention to the monetary policies which lead to the The Great Contraction which destroyed the economy. This prove to show that Keynesian…

Thirlwall’s growth model: Thirlwall in his model argues that for true form of growth to exist the growth must be export oriented and there should be balance of payment equilibrium. As a starting point he takes the (Keynesian) demand-turned approach to know the major limitations on demand. He argues that instead of national income (output) being the sum of investment, consumption expenditure and exports, minus imports, it should be in growth perspective that national income growth be the weighted…

For this Sociology In Print assignment, I chose to analyze this Washington Post article, “In Japan, Single Mothers Struggle with Poverty and a ‘Culture of Shame’” by Anna Fifield. The article is mainly about how Japanese single mothers continue to struggle in the society after the economic recession in the 1990s (often referred as the “Lost Decade”) despite the government’s efforts to reinvigorate the economy. Instead of addressing the issue in an economic perspective, Fifield uses a…

In my opinion a country can experience economic growth without a rise in standard of living of the people. It is first important to know what GNP, economic growth and standard of living is. They are defined as follows: 1. GNP is the economic performance of a country; it is the total value of all the finished goods and services in a time span of one year by the country’s citizens. 2. Economic growth is the increase in the produce of goods and services per head of the population over a period of…