International Monetary Fund

Oxfam International Oxfam International is an international non-governmental organization who aids in human rights efforts across the globe. They are composed of 18 organizations who cooperate with partners and local communities in over 90 countries (Oxfam International, n.d.). Oxfam International was formed in 1995 by a group of independent non-governmental organizations who wanted to work together for a greater impact on the international stage to reduce poverty and injustice (Oxfam…

The figure above showed inflation rates from year 2007 to year 2012. In year 2007, the inflation rate is 4.10% and plummeted down to 0.10% in 2008. However, this inflation value increase in the year 2009 to 2.7% and drop to 1.5% in 2010. From 1.5%, the inflation rate risen up to 3% in 2011. In year 2012, the inflation rate is 1.7%. The pattern of the inflation rates between these years is inconsistent. (“Current US Inflation Rates: 2005-2015”) High inflation rates between the years of 2007 to…

Some critics accuse the federal reserve system as a secretive society that controls the money of the whole world, but it is not. The federal reserve system has four functions. The most important and obvious function is to organize and carry out monetary policy. It manages inflation and keeps stable prices. The main purpose of this fiscal policy is to maintain a right economic evolution. Second, The Fed oversees and organizes many of the U.S. banks as a method to keep the consumers' affairs safe…

The Reserve Bank of Australia (RBA) was established 14 January 1960 as Australia’s central bank. Under the legislation, the Reserve Bank Act 1959, the RBA has various responsibilities and aims it strives to achieve. In this summary, the function, aims and instruments of the RBA will discussed. In the end of the summary there will be a concluding statement on how suitable a central bank of this style would be for a developing country. There are three main objectives the Reserve Bank of Australia…

Reserve is the regulatory faction that is in charge of the money supply & policy. Monetary policies are demand-side macroeconomic policies (Rittenberg & Tregarthen, 2015). Stimulation or the discouragement of spending on goods and services are the normal routes of these policies. Entire economy recessions and booms mirror variations in aggregate demand relatively more than in the economy’s industrious capacity. Monetary policy attempts to lower, perhaps even eliminate, those…

Japan has now been ranked as the third largest economy in the world. This status definitely did not come easy, as for several decades Japan suffered from low growth rates and deflation, with very little signs of economic recovery. In addition, several unfortunate events hindered Japan’s growth even further. Such events included the global economic recession in 2008-2009 which negatively affected several countries around the world, hence resulting in a decline for Japanese exports on the global…

come with a knowledge barrier that can only be cured if there is a fixed exchange rate between goods. With a stable monetary system it allows for indirect exchanges to occur, which will allow that knowledge issue to be resolved. Society would be able to increase its standard of living, be able to conduct technological advancements because it will be easy to raise the necessary funds to do research, and people will be able to get the most out of there scarce resources. Knowledge is the most…

As can be seen above, monetary policy has shown to be an effective economic tool to help in minimising unemployment. However, further research has shown that not only monetary policy can be effective, but there are additional efficient ways in solving this matter. The two main strategies for reducing unemployment are demand side policies and supply side policies. Demand side policies reduce demand-deficient unemployment, unemployment caused by a recession. On the other hand, supply side…

manages monetary policy to achieve the following goals: price stability, high employment, economic growth, and financial market stability. To achieve these goals the Fed will decrease or increase money supply through open market operations as well as make changes to the required reserve ratio, discount rate, and interest rate. At the beginning of 1991 unemployment was an issue that needed addressing. To address this issue the Fed implemented a monetary policy which reduced the federal funds…

Positive Money’s sovereign money proposal: Could it work? Under the sovereign money proposal proposed by the forward thinking group positive money, the power to create money would be taken away from the banks and given to the central banks. Banks would therefore serve two purposes; a transaction function with which people stored money until they needed to spend and this money would be secure, the other a lending and savings function with the banks acting as a middleman between savers and…