International Monetary Fund

The Dodd-Frank Act and its Consequences for the Financial and Banking System The Great Recession of 2008 brought to light a number of weaknesses in the United States economy that allowed for the stock market crash, housing crisis, and necessitated the bail-out of several important banking companies. In response to the recession and fears of a potential repeat of events, President Barack Obama signed the Dodd-Frank Wall Street Reform Act into federal law in 2010. The act brought with it the most…

In the case of Wells Fargo’s stated ethical values versus reality, it can only be stated that Wells Fargo was willing to “talk-the-talk;” however, it showed that the company was not ready to “walk-the-walk.” Though I am sure some very ethical employees were involved in the scandal in which Wells Fargo attempted to open over two million credit lines and bank accounts without the approval of the customers in which they fraudulently attempted to increase the value of the company, even the most…

Buttonwood (2017) alerts about the grave consequences the rising wealth inequality within and between countries may have worldwide if the economics profession and the policymaker do not manage to address this problem properly. He notes that manmade ways that have brought down this problem whenever it emerged in the past was mass warfare, genuine revolution, and state collapse. Based on a dynamic wealth accumulation model, Pikkety and Saez (2014) suggest that wealth inequality starts rising when…

This case falls under the monetary policy frame work. This case has to do with monetary policy because the FED’s most important function is to conduct monetary policy. Janet Yellen is the Federal Reserve chairwoman of the U.S. Janet Yellen is the head of the central banking System which decides on money supply to adjust interest rates to lower…

The United States of America is in an exigent need of tax reforms. Peter G. Peterson, in Steering Clear, blazoned forth a myriad of tax reform mechanisms that can conceivably boost the economy and prove to be a catalyst for future economic growth, which include soaking the rich by taxing them heavily, reforming the corporate tax code and implementing a carbon tax, amongst many others. Although all of Peterson’s tax reforms are well-substantiated, the one that aligns the most with his targets of…

prosperous nation, it has been ranked in the top 10 most political stability countries ahead of many major countries in the world (IMD World Competitiveness Yearbook 2011). A stable political environment that is increasingly important to local and international business to have their long-term business plan. On the other hand, this is attractive to existing as well as new business owners, moreover, as it will ultimately result in bring a favorable situation for starting a business. Community…

The 2007-2009 recession was not just part of unemployment and trade policies it was consistent with the future years past the wars. For instance, in the MindEdge video the presenter specifies that the lower GDP is linked to lower unemployment and in turn influences the aggregate demand to decrease product prices and then a recession begins (Pearson ebook, ?). According to Scholars Julie A. Phillip’s and Coleen N. Nugent contend that most unemployment was linked to the ages of 15-24 (Phillips and…

monetary, fiscal, social,) explain how the taxation level, interest rate, value of the pound and euro will positively or negatively affect business organization). The policies created by the government impact businesses as they directly influence their operations. Monetary policies impact money supply and thereby affect interest rates, cash reserve ratio (CRR) requirements of banks and…

Nick Rhodes Econ 209: Principles of Macroeconomics November 11, 2017 Homework #1 1. Economic Concepts and Issues a. Wage Growth Increase b. Janet Yellen’s Job Security and The Fed Funds Rate c. Donald Trump’s Border Tax 2. How the Economy will be effected and how these issues will be addressed. a. For the first time since 2009 the wage growth is growing faster than it ever has showing promise for President-elect Donald Trump and the labor market. Ever since the recession the economy has been…

(Sales Tax) by 2.5%. Many investment projects were implemented that had a combined worth of £3 Billion and other fiscal measures were also introduced such as the £20 billion Small Enterprise Loan Guarantee Scheme. As for the monetary policy, the Bank of England’s Monetary Policy Committee (MPC) Cut the interest rate from 5% to 0.5% which made borrowing cheaper and encouraged further investment and consumption. This was the lowest it had been in the 300 year history of the United Kingdom. A…