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Monetary Essay Topics & Paper Examples

International Monetary

Performance budgeting involves processes or techniques meant to establish connections between the finances delivered to public sector groups and their results and turnouts by using conventional performance data in resource allocation decision-making. Conventional performance data in the definition relates to performance measures, appraises of the costs to specific target groups of outputs and results, and evaluations of the effectuality and efficiency of spends gained by using one of the numerous analytic tools. The main purposes of performance budgeting are to improve allocation and productive efficiency in spends on public sectors (Robinson & Brumby, 2005). 2. HOW PERFORMANCE BUDGETS ARE USED? There is a vital association between the structure for performance budgeting and the system of utilizing performance data. In tabular…

Monetary policy

 The Federal Reserve which is commonly referred to as FED is the central authority to the US money and banking system.  It utilizes the monetary policies at its disposal with the aim of ensuring that prices, foreign exchange rates as well as long term interest rates remain stable.  Stability in these three areas is beneficial in as far as investment is concerned and they trigger economic growth.  (McConnell and Brue, 2004). Other objectives of FED include ensuring that the inflation rate is kept relatively low and the employment levels boosted.  The monetary policies adopted include the open market operations, manipulating of the reserve requirement and discount rates. The open market operations refer to the buying of US treasury as well…

The European monetary union

The European monetary union is an area within the European Union whereby people, services, goods and capital move freely without facing any restrictions. The imperative to the success of European Monetary Union is employment of use of single European currency the Euro. It also involves the application of certain macro economic policies by the members of the European monetary union. It is the intent of the European governments to establish a framework or structure for stability, prosperity and peace. This is done through the promotion of structural change and development in the region. The research paper highlights the fundamental gains accrued by the European business community because of European monetary union policy provisions. The paper will also examine the developments…

Federal Reserve PowerPoint Presentation

The Federal Reserve System is the central banking system of the United States. Created in 1913 by the Federal Reserve Act, it is a federal banking system composed of a presidential appointed Board of Governors. It includes 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors. There are also numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks. The intent of Congress in shaping the Federal Reserve Act was to keep politics out of monetary policy. The System is independent of other branches and agencies of government. It is self-financed and…

Wk 6 homework solutions

Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economy’s built-in stability? Answer In a phrase, “net tax revenues vary directly with GDP. ” When GDP is rising, so are tax collections, both income taxes and sales taxes. At the same time, government payouts—transfer payments such as unemployment compensation and welfare—are decreasing. Since net taxes are taxes less transfer payments, net taxes definitely rise with GDP, which dampens the rise in GDP. On the other hand, when GDP drops in a recession, tax collections slow down or actually diminish while transfer payments rise quickly. Thus, net taxes decrease along with GDP, which softens the decline in…

The Effect in Hong Kong’s Economy

I. Introduction The financial crisis in the Asian economies in 1997 has created tremendous interests in the economic point of view. This report focuses on the economic situation of Hong Kong in 1997-98, which has some very special features among the economies in the region. In the Asian Financial Crisis, the economy in Hong Kong did not sufferer from any banking or currency crisis like some of the Asian countries such as Indonesia, Malaysia, South Korea and Thailand, which their troubles began with a severe depreciation in their currencies. This triggered capital outflow and bankruptcy of many financial intermediaries and firms. The currencies of these countries have long been maintained at a relatively constant rate with the US dollar until…