Outline: Should Digital Currency Replace Paper Currency in the United States?1. Introductiona. Hooki. Imagine a world where everyone uses electronics or cards to conduct financial transactions? A world where no one exchanges cash or coins for payment Continue Reading...
Wealth Inequality from a Macroeconomics PerspectiveIntroductionBoushey reports in Unbound that the very richest householdsthe top 1 percentsave 51 percent of their income, while those in the bottom 20 percent save just 1 percent.[footnoteRef:2] The i Continue Reading...
Banks have thus the role of distributing these products to their customers. Added to that in the international arena banks are dealing more with derivatives and foreign exchange, making the role of the bank far more important in the overall well bei Continue Reading...
the Euro vs. Dollarization Dollarization takes place when one country decides to use a foreign currency in parallel to, or instead, of the domestic currency. Dollarization can occur unofficially, without formal legal approval, or semiofficially, whe Continue Reading...
1 Summary of Which Competitive Advantage(s)? Competitive AdvantageMarket Performance Relationships in International MarketsIntroductionKaleka and Morgan (2017) conducted a study to evaluate the elements of competitive advantage among exporters in the Continue Reading...
Liquidity shocks on the international arena can have a strong negative impact on less developed countries whose access to funding sources is already reduced. The clearing risk is a specific risk, which combines credit risk, in the sense that it res Continue Reading...
The growth of Internet has led to a desire to understand the characteristics of the users, their reasons for using the service and what the users do when connected. A huge and expanding 'Internet watching' industry has progressed to provide such dat Continue Reading...
Industrialization When Industrialization (1865-1920) came to the United States after the Civil War (1861-1865), it brought positive and negative impacts on the social, political, and economic aspects of the American life and society. One negative s Continue Reading...
Financial Crisis Past financial crises provide us with a framework for understanding the best responses to future crises. There are three types of responses, and the best response will contain some form of all three. These are monetary policy, fisca Continue Reading...
During times of extreme pressure from the supply or demand side, the central bank is prepared to go in and support the currency, to help provide stability. This is significant because traders around the world; will use the major currencies as a way Continue Reading...
National debt and veterans benefits for example drove a permanent increase in taxes, although these were not as high as during the war. The country's international economic position was also permanently affected. Its pre-war status as a debtor count Continue Reading...
Weak governmental intervention and stubborn responses by overzealous investors led to the stock market crash in October of 1929. Non-existent money artificially inflated the prices of stocks traded on the market and caused firms to produce more than Continue Reading...
Monetary Policy Every economic activity in the United States is related to the policies that are decided by the monetary policies of the nation that are formulated. This involves all activities like purchase of houses, starting up of new business en Continue Reading...
As a result of the draft, the unemployment rates which had been at record low levels, was able to right itself. Once again, the U.S.'s industry-based economy was able to flourish with new needs to produce and manufacture goods and products to be use Continue Reading...
Sarbanes-Oxley. The political pressure of the past several years following the dot.com bubble and the collapse of several major companies created a need for new securities legislation, which culminated last year in the Sarbanes-Oxley Investor Protec Continue Reading...
Introduction Milton Friedman’s quote gets to the heart of the conflict between shareholder theory vs. stakeholder theory. Shareholder theory posits that a corporation’s sole responsibility is to maximize the return on investment (ROI) for Continue Reading...
Forces Leading to Changes in the Banking Industry The banking sector is one of the strongest industries in the whole wide world which has been thought to be one of the industries that is incapable of feeling the adverse effects of a recession. This Continue Reading...
It was from Pecora's hearings that many of the standards and regulations affecting the financial industry emerged, and continue to govern the way the 'street' does business today. It was also the time of the Glass-Steagall Act. The roaring twentie Continue Reading...
The excessive use of margin had encouraged speculation. Poor governance on the part of banks and brokerages allowed for a market failure where investors were not making rational decisions, resulting in a bubble. A variety of new taxes were created Continue Reading...
Stability of Employment Education has long been associated with earnings potential. As a person completes higher levels of education, it makes sense that their level of pay also increases. One issue with this trend is that some jobs do not require t Continue Reading...
Economic Events: 1980-1989 the decade of greed. The era of Ronald Reagan when the rich got richer and the poor got poorer. Despite this common wisdom, 1980 started off auspiciously. On May 8, 1980 the World Health Organization hailed "one of the cen Continue Reading...
Introduction While Nixon may not represent or symbolize the height of the Cold War, he does represent an era in American history plagued by government corruption and large-scale public dissatisfaction with the government in general. Nixon came to pow Continue Reading...
China and Globalization THREE RESEARCH QUESTIONS ON FACTORS INFLUENCING CHINA'S RISE TO SUPERPOWER STATUS In evaluating China's prospects for achieving superpower status, especially during this economic crisis, the first research question would tak Continue Reading...
Socialist states use a command and control management structure as a substitute for the profit motive. This structure is less efficient, so production levels cannot match those of capitalist states. Ultimately, the lack of productivity and the large Continue Reading...
aid President George W. Bush in policy formulation. It is an all-inclusive paper dealing with a wide range of issues such as the American economy in general- discussing issues such as budget deficits, tax cuts, medical assistance and benefits for re Continue Reading...
Unsuccessful Presidents Identified- 1865-1940 Andrew Johnson Grover Cleveland William McKinley Herbert Hoover Political Characteristics Political Party Congressional Issues Johnson's Problems with Congress Cleveland's Problems with Congress Continue Reading...
Basic Income To understand why the concept of basic income would not work, it is necessary to understand the meaning of money and how it has value. Money has value because of two things: 1) confidence—as in the confidence that is placed in the Continue Reading...
The states which had a diversified palette of export products managed to overcome the crisis in relatively short periods of time due to the advantages of diversification. But the countries which had smaller economies, strictly dependent on one or tw Continue Reading...
The Subprime Crisis There were a number of factors that led to the subprime crisis: Fannie Mae, Countrywide Financial, the Federal Reserve, Moody’s, Merrill Lynch, Bear Stearns, Goldman Sachs, AIG, Michael Burry, who shorted the mortgage backed Continue Reading...
Introduction The Great Depression is said by economists to be the worst economic downturn to ever occur in the Western World. It started in 1929 and lasted for 10 straight years. The economic depression was triggered by a stock market crash in the Oc Continue Reading...
This led to the rise in monetarism and the tax cuts promoted by President Reagan, the fiscal conservatism of the Volker-Greenspan Federal Reserve System, and the economic prosperity of the 1980s and 1990s (Ross, 1998). Currently, monetarism and the Continue Reading...
Financial Industry There appears to be a disjointed understanding concerning the functioning of a capitalistic economy and its use of money. Financializaition is a mostly new model of the use of money as a valuable resource in and of itself. Money i Continue Reading...
Great Depression Angela Thomas The Great Depression was a pivotal time in the history of the United States and as a result, American business, banking, agriculture and society were drastically altered. It is commonly believed that the crash of the Continue Reading...
The new products are highly priced and, through competition, are reduced quickly. This rising of new and falling of old prices is the closest thing to stable average prices possible in an ever-expanding market such as exists now. Democratic politics Continue Reading...
Herbert Hoover and the Great Depression In recent years, a debate has arisen regarding the extent of Herbert Hoover's progressive and Keynesian leanings, with conservative historians suggesting that Hoover may have been less of an advocate for laiss Continue Reading...
In the case of United States, Article 9 of the Uniform Commercial Code provides for practically all types of security agreements for owned property that are both for own use as also for commercial purposes. This type of agreements includes fixtures Continue Reading...
Cold War, the president of the United States was often referred to as the "leader of the free world." This connotes an image of someone with an unsurpassed amount of power and responsibility. From 1861 to 1969, the role of President of the United St Continue Reading...
Poverty in the Land of Prosperity: Problems and SolutionsIntroductionPoverty is a major problem in American societyone that has only gotten worse in recent years. One of the big factors in poverty is the offshoring of labor, which means the loss of d Continue Reading...
AbstractOn July 26, 1948, Executive Order 9981: Desegregation of the Armed Forces was signed into law eliminating segregation in the military by President Truman. He envisioned an armed force that would extend opportunities to all persons. Though the Continue Reading...
