Tuesday, December 31, 2019

Endogenous Money Implications For The Money Supply...

Endogenous Money: Implications for the Money Supply Process, Interest Rates, and Macroeconomics Abstract Endogenous money represents a mainstay of Post Keynesian (PK) macroeconomics. PK theory challenged monetarism’s description of the money supply process. The focus of PK endogenous money theory is the mechanics of the money supply process. PK theory is itself divided between â€Å"horizontalist† and â€Å"structuralist† approaches to the money supply. Horizontalists believe the behavior of financial institutions is unconstrained by the availability of liquidity (reserves) provided by the central bank and the supply-price of finance to banks is fixed at a price set by the central bank. The important difference is that structuralists emphasize the role of bank lending in determining the money supply. Structuralists believe liquidity pressures matter and the supply price of finance to banks can increase endogenously. Endogenous money represents a mainstay of Post Keynesian (PK) macroeconomics, and the PK theory of endogenous money constitutes a significant contribution to macroeconomic theory. PK endogenous money theory emphasizes that this linkage runs predominantly from credit to money to economic activity. This contrasts with conventional representations that place money first, as reflected in the standard textbook money multiplier story in which bank deposits are said to create loans. II Against monetarism: the origins of PK endogenous money theory The cornerstone ofShow MoreRelatedForeign Aid and Economic Growth in the Developing Countries - a Cross-Country Empirical Analysis12252 Words   |  50 PagesABSTRACT OF THE THESIS Using cross-country data, I examine how foreign aid affects economic growth in developing countries over the period from 1975 to 2000. I find evidence that foreign aid significantly and negatively correlates with growth in developing countries. However, foreign aid to inland countries as well as to South Asian countries during the period of 1992-2000 is found to have a positive impact on growth. In addition, a strong divergence trend is found among countries in the dataRead MoreFinancial Intermediation and Economic Development in Nigeria9795 Words   |  40 PagesAbstract Financial intermediation is an important activity in the economy because it allows funds to be channeled from people who might otherwise not put them to productive use to people who will ultimately put the funds to productive uses. In line with the assumption that banking sector plays an important role in financing the investment projects, successive governments in Nigeria have carried out reforms and institutional innovations in the banking sector. The overall intention of these reformsRead MoreFinancial Development and Economic Growth: Evidence from China9260 Words   |  38 PagesJapan c Graduate School of Economics, Hitotsubashi University, Kunitachi, 186-8601 Tokyo, Japan d School of Mathematics and Statistics, Northeast Normal University, Changchun, 130024, China Received 17 April 2005; accepted 26 September 2005 a Abstract This paper investigates the relationship between financial development and economic growth for the case of China over the period 1952–2001. After considering the time series characteristics of the dataset, a multivariate vector autoregressive (VAR)Read MoreFinancialization Essay7910 Words   |  32 PagesFinancialization: What It Is and Why It Matters* by Thomas I. Palley The Levy Economics Institute and Economics for Democratic and Open Societies Washington, D.C. December 2007 Paper presented at a conference on â€Å"Finance-led Capitalism? Macroeconomic Effects of Changes in the Financial Sector,† sponsored by the Hans Boeckler Foundation and held in Berlin, Germany, October 26–27, 2007. My thanks to conference participants for their valuable suggestions. All errors in the paper are my ownRead MoreLinear Regression Research Paper on Determinants of Import Across Countries4407 Words   |  18 PagesStatistics Faculty University of the Philippines, Diliman In Partial Fulfillment of the Requirements of Statistics 136: Regression Analysis Presented by: Mary Ann A. Boter Michael Daniel C. Lucagbo Krystalyn Candy C. Mago April 9, 2009 Abstract The level of a country’s imports measures its participation and competitiveness in the international market. As such, it is important to identify economic indicators that affect the level of imports. Economic theory rarely presents importsRead MoreThe Ethiopian Financial Sector Reform29124 Words   |  117 Pages................................................................................................... v Acronyms .................................................................................................................................. vii Abstract ..................................................................................................................................... x 1 Introduction ..............................................................................................Read MoreInstitution as the Fundamental Cause of Long Tern Growth39832 Words   |  160 Pagescredit, including  © notice, is given to the source. Institutions as the Fundamental Cause of Long-Run Growth Daron Acemoglu, Simon Johnson, and James Robinson NBER Working Paper No. 10481 May 2004 JEL No. N11, N13, N15, N16, N17, O10, P10, P17 ABSTRACT This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental cause of differences in economic development. We first document the empirical importance of institutions by focusing on two quasi-naturalRead MoreAppraisal Techniques of Public Investments and Projects62994 Words   |  252 Pages....................................................................................26 3.4.2 Net future value.......................................................................................................................26 3.4.3 Internal rate of return .............................................................................................................26 3.4.4 Benefit-to-cost ratios ...............................................................................................Read MoreThe Impact of Derivatives on Cash Market21543 Words   |  87 PagesWe Learned? Stewart Mayhew Department of Banking and Finance Terry College of Business University of Georgia Athens, GA 30602-6253 October 27, 1999 Revised: February 3, 2000 The Impact of Derivatives on Cash Markets: What Have We Learned? Abstract This paper summarizes the theoretical and empirical research on how the introduction of derivative securities aï ¬â‚¬ects the underlying market. A wide array of theoretical approaches has been applied to the question of how speculative trading, the introductionRead MoreDamodaran Book on Investment Valuation, 2nd Edition398423 Words   |  1594 PagesINVESTMENT VALUATION: SECOND EDITION I will be putting my entire second edition online, while the book goes through the printing process - it will be available at the end of the year. This may seem like a bit of a free lunch, and I guess it is. I hope, though, that you can do me a favor as you go through the manuscript. If you find any mistakes - mathematical or grammatical - could you please let me know? It would help me ensure that the typos do not find their way into the final version. Chapter

Monday, December 23, 2019

Alcohol And The Fetus Essay - 1518 Words

Know When to Say When nbsp;nbsp;nbsp;nbsp;nbsp;Drinking during pregnancy is often thought of as no big deal. However, drinking during pregnancy is a very big deal. An unborn baby’s life is in the hands of the mother. If she decides to drink, she is risking the unborn’s chances of being as smart and healthy as it can be. Drinking during pregnancy opens the doors to a variety of harmful effects on the mother and her unborn baby, and until this is brought out in the open with honesty, it cannot be prevented. There are many stereotypes about the women that drink while they are pregnant. One stereotype believed by professional doctors is that women that are college-educated and wealthy are going to drink less or not at all during†¦show more content†¦nbsp;nbsp;nbsp;nbsp;nbsp;According to some people, the first three months is the safest time to drink. However, there is no safe time when a pregnant mother can drink. In fact, during the first three months, the fetus is at the highest risk of being harmed (Walsh 2). Researchers concluded â€Å"that major physical defects in the human embryo, the early developing organism, can be caused by exposure to alcohol in the first trimester-that is the first three months of pregnancy† (â€Å"Fetal Alcohol†). Exposure to alcohol in the third trimester can result in decreased fetal growth (â€Å"Fetal Alcohol†). â€Å"Mothers who drink later in pregnancy chance miscarriages and giving birth to premature or low-weight babies † (Walsh 2). Even after the child is born, alcohol can be passed through the breast milk, providing alcohol directly to the baby, that is, if the mother chooses to breast-feed her child (How Alcohol). So, technically, there is no safe time to drink even after the baby is born. The fetus is not the only one harmed by alcohol consumption during pregnancy, but the mother is as well. In fact, many doctors urge women who think they are pregnant or are trying to get pregnant to stop drinking (â€Å"Fetal Alcohol†). â€Å"One percent of all mothers consume fourteen or more drinks per week during the three months before pregnancy† (Walsh 3). To the average person one percent is not too large of a proportion. However, the volume of alcohol consumed is high duringShow MoreRelatedFetal Alcohol Syndrome The Effects of Alcohol on a Fetus During Pregnancy1727 Words   |  7 Pages Fetal alcohol syndrome (FAS) is caused by fetal exposure to alcohol during pregnancy and is characterized by specific patters of fetal deformities. Researchers are unsure at what stage in the pregnancy these malformations occur or the amount of alcohol consumed to cause these deformities. FAS is the leading cause of mental retardation that is preventable. There are usually th ree factors pertaining to a diagnosis of FAS: â€Å"the presence of prenatal/postnatal growth retardation, craniofacial anomaliesRead MoreThe Effects Of Maternal Alcohol Use On A Fetus1755 Words   |  8 Pagesmaternal alcohol use on a fetus in utero, there are a multitude of other substances that are used by pregnant mothers that have similar and even, in some cases, more extreme repercussions such as marijuana, heroin, and cocaine. When speaking about pregnancy and drug use, the most common drug that comes to mind is alcohol. During 12 years of schooling, most people are exposed, at one point or another, to the idea of Fetal Alcohol Syndrome and the detrimental effects of alcohol on a fetus in uteroRead MoreThe Truth About What Alcohol Abuse Does to a Fetus1118 Words   |  5 PagesThe Truth About Fetal Alcohol Abuse Would you have ever thought of physically, mentally, and/or emotionally harming an unborn child? In the 1990s people have noted the significant impact alcohol-related birth defects are having on our society then and now. My essay will discuss alcohol consumption among pregnant women and its adverse effects on fetal development. Fetal Alcohol Syndrome or FAS is physical and mental health problem that destroys a childs learning development.Read MoreEssay on Fetal Alcohol Syndrome1390 Words   |  6 Pagesherself and the fetus growing internally healthy. If a mother is unvigilant during pregnancy and is not well nourished, it can lead to many severe abnormalities in the growing fetus. More specifically, a disorder that will be explored in this essay is Fetal Alcohol Syndrome (FAS); caused by alcohol consumption during pregnancy. Since the alcohol is consumed in such a developing stage of the fetus, it can potentially cause many different complications in the unborn child. Fetal Alc ohol Syndrome couldRead MoreHow to Prevent Fetal Alcohol Spectrum Disorder1030 Words   |  5 Pages Alcohol is a major part of today’s society. Individuals are constantly being exposed to alcohol on a daily basis by simple commercials on the television or while driving on the highway seeing advertisements of billboards. Alcohol is a dependent substance for many people in society because not only is it a way to release one’s stress, but it is also associated to have a good time with. Attending a holiday party at a family member’s house or a party to celebrate a birthday, alcohol is always involvedRead MorePrenatal Development And Development Of A Fetus1591 Words   |  7 Pagesof the development of a human fetus during pregnancy, from fertilization of the egg until the birth of the child. There are many factors that can contribute to the development of the fetus and many threats that can impact it. Most prenatal development occurs in a normal manner, however; there are many things that can go wrong during this vulnerable time and usually are caused by genetic or environmental factors. While the hazards that threaten the development of a fetus can be easily steered clearRead MoreEssay on Prenatal Substance Abuse954 Words   |  4 Pagesthe health and wellness of not only the fetus, but that of the mother. The harmful effects of medications, alcohol and illegal drugs on an unborn child can be devastating and can have significant consequences to its use. Sometimes the effects can be faced and treated, and other times the outcome is a lifelong challenge. During the prenatal period, it is important that new mothers are informed of the different types of abuse, how they may affect the fetus, and the adverse conditions their child mayRead MoreHSM 542 Week 3 Assignment Essay639 Words   |  3 PagesHer Fetus to Risk?† In some ethical and legal respects a pregnant woman and her fetus can be considered separate. Both the woman and the fetus are ordinarily affected by the well-being of one another for as long as each of them live. The ethical and legal issues are challenged deeply in cases where the well-being of the fetus and the mother appear to be in conflict. Our society struggles with identifying cases where the pregnant woman’s interests and/or behaviors might put her fetus at riskRead MoreIn Today’S Society Healthcare Is Changing Rapidly, Mainly1099 Words   |  5 Pagesthat should be addressed is Fetal Alcohol Syndrome (FAS). The valuable information found within so many resources allows for better prevention of FAS, patient centered care, and quality of care for not only the mother, but for the fetus as well. It is important to be able to have access to all types of resources, know how to interpret the information they are providing, educate the patient, and put it into pra ctice in order to put an end to issues like Fetal Alcohol Syndrome. One of the issues thatRead MoreEssay about Fetal Alcohol Syndrome1366 Words   |  6 Pages Many women that become pregnant are unaware of the consequences of drinking alcohol during pregnancy and the damaging effects it has on the fetus. When a woman who is pregnant drinks alcohol, the baby is also drinking alcohol. Furthermore, the amount of alcohol that is consumed by the mother is the same amount the baby receives through the mothers placenta. Many doctors advise that it is okay for the mother to have an occasional drink, however, some women cannot stop at one drink, and they continue

Saturday, December 14, 2019

Gun Control in Canada Free Essays

A national conversation on gun control in Canada has instigated the demand for stricter government control of weapons. Canadians have a strong belief in the established practice of â€Å"peace, order and good government†. Our nation is culturally conditioned with the general cultural norm of non-violence. We will write a custom essay sample on Gun Control in Canada or any similar topic only for you Order Now However, with recent news on the increase of gun violence happening in the country, the need to tighten the guidelines on the use of guns is an urgent matter. Recently, the mayors in Toronto and Montreal have asked the federal government to put in place a ban on handguns and assault weapons, and many people are in support of this concept. However, with close ties and the sharing of a border with the United States, the problem of banning guns would not completely go away. The problem with gun control is that these guns can conveniently be smuggled into the country. Either that, or owners with registered guns may legally sell these weapons to people who cannot purchase guns, hence enabling them to use the weapons for criminal purposes. Furthermore, we see the idea of strong regionalism with an urban-rural divide in the country. People living in these rural areas would be more concerned with the ban of these weapons, mainly because the use of their weapons is for hunting purposes. Certain parts in Canada have strong regionalism due to how gun policy is constructed in that area. For example, if we look at Alberta, the province is more open to the ownership of guns, hence a cultural approach to the issue. A potential solution to the problem of gun violence would be to implement a multi-layered system that filters out anyone that may pose a threat to society. The government should place a restriction on gun sales via a program that controls and tracks the number of guns and holds the owner responsible for any damages caused by the weapon. Background checks and criminal record history should be verified for every individual that wants to purchase a gun. Doing so will ensure civilians that their right to own a weapon is not under threat as long as they accept responsibility/hold themselves liable for whatever danger may come through their property (weapon). This way, guns will not be owned by people with a potential of abusing them, so the person is less likely to use it for the wrong reasons. When compared to the United States, where you can buy guns without any background check, this solution should prove to be much more effective. Lastly, to maintain integrity of these policies, a series of checks should be set in place to ensure the weapon is not being sold privately. A suggestion is a weapons check-in system. Gun owners would get a safety check every few years to make sure they still own and are maintaining their weapons. This will ensure that the weapon is being accounted for and has not been sold. It would be a better way to track firearms, which in return, would help in the reduction of gun crimes. In addition, the owner of the gun would be required to renew their license and ensure that their weapon has not been sold without a record. If the following measures are taken, I am certain gun violence may be minimized. How to cite Gun Control in Canada, Papers

Friday, December 6, 2019

Economics Hsc China Essay free essay sample

For an economy other than Australia, explain how government development strategies have responded to the process of globalisation. Globalisation refers to the process of increased integration between different countries and economies and the increased impact of international influences on all aspects of life and economic activity. Since 1978, the Chinese â€Å"tiger† economy has embarked on a process of social and economic reform designed to improve the quality of life of the population and open the economy to global integration. These strategies designed to promote economic growth and development include the Five Year Plan, FDI and trade policy, microeconomic reforms, welfare policy, environmental policies and macroeconomic policies. China’s Five Year Plan forms the basis of the government’s economic and social development efforts in the short and medium term. The plan is essentially the Government’s acknowledgement of the importance of having a prosperous society in an all-around manner. The GFC revealed the inherent structural weakness in Chinese domestic consumption and thus, the FYP is the focus shift from export-led sectors to increasing domestic consumer demand through raising nation-wide incomes to promote growth. We will write a custom essay sample on Economics Hsc China Essay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This process has already begun, with over 300 000 people lifted out of the ‘$1 a day’ income level, ensuring development improves by reducing the income inequality between the developed east and the rural west. These increasing incomes will contribute to greater levels of domestic consumption and thus growth, however, there is a risk of cost push inflation. Therefore, China must find a balance between inflationary threats and increasing domestic demand whilst maintaining export-led sectors. Economic growth and development in China is heavily dependent on two of the three engines in the â€Å"tiger† economy – exports and investment. In 2009, China’s exports suffered as the nation’s largest markets fell into recession. China’s subsequent stall in economic growth was not caused by restrictive government policies, rather it was the result of an inefficient growth model and an unbalanced economic structure. It is this that has sparked China’s vulnerability to external shocks. In 2011, China’s exports amassed almost $2 trillion, however in Feb 2012, China recorded a $31. 5 billion trade deficit as a result of the European sovereign debt crisis in which China’s main trading partners plunged into recession. China’s severe BOGS decrease is an attempt to control growth and a sustained level of 7. 5%. Investment policies are also critical for China to achieve economic growth and development. Foreign Direct Investment (FDI) in China is being sought primarily in the redesign of State Owned Enterprises (SOE’s) and in the development of interior provinces. Between 75-80% of World Bank loans to China in 2008 were directed to the central and western regions, the most economically disadvantaged. This promotes increased wealth within China, leading to higher levels of development due to a more positive Human Development Index (HDI), which currently sits at 0. 687, up from 0. 677 in 2010. Thus, trade and investment are critical factors in ensuring that China’s growth remains sustained at 7. 5% whilst still encouraging increases in development. Microeconomic reforms serve to make the chinese economy more responsive, productive and competitive in a global economic environment, ensuring growth and development. There is a need to upgrade chinese industry and limit development in capital intensive industries, and seek high value added industries rather than those without a competitive advantage or ability to innovate in order to encourage investment. The financial system continues to undergo considerable reform to encourage this investment. Major trading banks now must meet requirements to organize loans and credit facilities for SME’s. This access to credit is vital for economic growth as it encourages the domestic consumption engine of the economy. This will become increasingly important for growth as increases in domestic consumption must counter the fall in exports as a result of the European debt crisis.