IMF and BIS play in prevention of monetary crises an Example of the Topic Economics Essays by

What roles do IMF and BIS play in prevention of monetary crises? Much has been said and written about how financial crises and monetary policies should be handled in different situations, but it will be interesting to have a closer look at how the International Monetary Fund and the Bank of International Settlements work for the prevention of monetary crises on the global level. Need essay sample on "What roles do IMF and BIS play in prevention of monetary crises?" topic? We will write a custom essay sample specifically for you Proceed IMF and crisis prevention The International Monetary Fund has always been criticized for its argumentative role in the prevention of the monetary crises and their resolution when they occur. However, this argumentativeness is only seen on the surface, and in reality the role of the IMF in prevention of crises should not be underestimated. It is important to see that the role of IMF in the support of the global financial system was changing with the changes in the world financial system. The requirements of time were always different and the IMF had to adjust to those requirements. 'Exacerbated by changing economic and political conditions, criticisms of the Fund stem overwhelmingly from differing views of its role in the world economy'. (Wood, 2006) In order to clearly define the role of the IMF in preventing monetary crises, it would be useful to start with the initial Articles of Agreement (Kahler, 1985) and on reading them we will find that actually the role of the IMF can be characterized as being two-fold: on the one hand, the IMF is to improve general monetary outcomes, by creating the important institutional framework for cooperation, especially in the sphere of multilateral payments system, (Wood, 2006), and on the other hand, the IMF is also meant for the promotion of international economic stability, as well as reducing and eliminating the imbalances of payments and other related disequilibria. However, these statements are rather theoretical, it should be admitted, and the IMF has often been accused of exchange rates manipulations and minute attention to the countries borrowers, the crisis of 80s has become one of the stages at which the role of the IMF was not only displayed, but was changed with the changing financial environment. During that period the IMF found out that its 'traditional short-term loans for balance-of-payments problems with 3- to 5-year repayment periods were not adequate for LDCs with protracted payment problems'. (Wood, 2006) Thus to deal with that debt crisis, the IMF decided to provide medium terms SALs, the repayment period for which was from 5.5 to 10 years. Though, of course, it is the example of how the IMF can deal with crises, and not prevent them, but these actions can also be looked at as the means of preventing further development of such crises and the appearance of new ones. BIS and monetary crises prevention Of course, crisis prevention is much better than crisis management and resolution. The aim of the BIS activity is clearly put through the phrase 'our aim must be crisis prevention where possible, and crisis resolution where necessary'. (Giovanoli, 1989) One of the advantages of the BIS is that it mostly concentrates on the activities, which prevent monetary crises both within the countries and at international level. The BIS sees the central element of its crisis prevention activity in the assistance for the development of countries' financial systems, their strengthening and robust performance. The activity aimed at prevention of monetary crises can be viewed through the number of international agreements, which have been proved to effectively operate within the matrix of the three world financial pillars - financial institutions, financial markets and financial infrastructure. In April 1997 the Basle Committee has released the Core Principles for Effective Banking Supervision, whic h was aimed at prevention of any serious monetary crises. (White, 1998) Those principles have been developed as a result of Asian crisis, and it is again, as the analogy with the IMF, not the prevention but resolution of the already existing crisis; though the actions undertaken after it, and the creation of those 25 Core Principles as a result of understanding that the crises are easier to prevent than to cure, show active performance of the BIS on its way towards elimination of monetary crises, though these principles are still not viewed as panacea and still need to be implemented internationally to become effective. Conclusion It is seen, that due to certain doubts, both the IMF and the BIS show clear striving for prevention and elimination of the monetary crises. Though the examples of such efficient activities are mostly seen not through prevention of such crises, but as a result of the already existing crises, but it should be borne in mind, that through the experience of those crises both organizations have learned valuable ideas which are reflected in the new standards and agreements, and which ultimately serve for the primary aim of both organizations - the prevention of monetary crises. References Giovanoli, M 1989, 'The role of the Bank for International Settlements in international monetary cooperation', The International Lawyer, vol. 23, no. 4 Kahler, M 1985, 'Politics and international debt: Explaining the crisis', International Organization, vol. 39, no. 3, pp. 357-360 White, W 1998, 'Promoting international financial stability: The role of the BIS', in: Teunissen, JJ (eds) Regulatory and Supervisory Challenges in a New Era of Global Finance, Hague: Fondad. Wood, N 2006, 'The globalizers in search of a future: Four reasons why the IMF and the World Bank must change, and four ways they can', Center for Global Development Brief.

What I Learned From My Own Advice When My Kids Went Off To College

What I Learned From My Own Advice When My Kids Went Off To College SAT / ACT Prep Online Guides and Tips I’m a dad. I give advice. It’s what I do. You can’t fight nature. When it’s time to go, you go. When it’s time to advice, you advice. So, it’s natural, really the divine order of things, that when my kids went off to college, I gave them advice. I was just doing my job. I told them just two things. 1. Don’t sweat the major. Yes, if you want to build bridges, it’s best that you major in Structural Engineering. For all of us. Most of the time, it’s just not that critical. Jobs change. Workplace needs evolve. New jobs are created. According to the Bureau of Labor Statistics, most people go through 7 major career changes. Not different jobs - different careers. A teacher becomes an insurance salesman. A VP of marketing transitions to a non profit controller. Whitman was right. We contain multitudes. Study this: something you love. Learn about something that interests you. If you don’t know what you love, study until you do. Then, explore some more. Unless you’re a Kardashian, you don’t pick a spouse based on net worth. You don’t pick a major based on ROI. It’s short sighted. Does a major inspire you? Are you curious? Do you want to learn? If the answer is yes, that’s a good start. Graduating from college is not the end of education. You’re just getting warmed up. 2. Go out for the school play. Do something that makes you uncomfortable. Act. Sing. Debate. Play Rugby. Comfort is the enemy. Just do something new. Learn the fundamentals. Struggle. Adjust. Practice your craft. Help others. Repeat. It’s what you will do for the rest of your life. Start now. I can’t say this enough. Put yourself out there. Surprisingly, my kids took my advice. Who knew they were listening? My daughter is a dance and english major. She taps. She writes comedy. She is a Funk Dj for the college radio station. Tap shows are not selling out stadiums. They don’t sell out the Moose Lodge. There was only one Nora Ephron. Tina Fey is a limited job market. So is Mindy Kaling. I'm guessingthe Funk DJ job market is limited. I don’t care. You go girl. Play that funky music white girl. Play that music funky music right. Play that music till you die. My son wants to open a restaurant. He’s a Marketing major. He cooks. Most restaurants fail in the first year. You go boy. Cook that funky food right. Do what you love till you die. After I dumped the last Ikea instructions, after both kids were gone, it hit me. I wasn’t listening to my own advice. I wasn’t living you go dad. I wasn’t playing that funky music. The record player wasn’t even plugged in. It was buried in the garage, next to the guitar. I wasn’t growing. If anything, I was shrinking. Do something to pay the bills. Get by. I was a routine. It was time to learn from my kids. It was time to listen to my own advice. I was asked to be in my daughter’s ballet recital. â€Å"Dad, can you be Dr. Coppelia. It will be so much fun.† â€Å"What’s Coppelia? I’m in.† I did say no to the tights and the tutu. Step 1 on the road of putting myself out there. I became a high school basketball referee. Then volleyball. Football. Lacrosse. Except for the tights and tutu, I kept saying yes. Grow. Stretch. Be uncomfortable. This is the thing. Our kids grow up. Going off to college is an adventure. It’s time for them to put themselves out there. Try something new. Get uncomfortable. Stretch. Grow. As parents of these students, it’s our time too. We just need a reminder. It’s time to put ourselves out there. Try something new. Do something that makes you uncomfortable. Grow. Stretch. You go dad. You go mom. Play that funky music. Play it loud. After all, we’re just getting warmed up.

Opportunity Journal Assignment Example | Topics and Well Written Essays - 750 words - 1

Opportunity Journal - Assignment Example ne app can be very useful in reducing customer complaints because with its regularly updated information, the tourists can understand their destination well before hand and avoid being exploited by the locals. Proposed solution: Provide free smart tags such as reboundTAG services to all travelers. A smart tag or reboundTAG is a microchip tag that can be embedded in a customer’s baggage making it easily traceable. This is a very good way of tracking baggage, avoiding losses and delays, since the system notifies the passenger when their baggage is found. Since it is a third party service most passengers may not be able to access its beneficial features, however if the services are incorporated as part of the airline services this can lead to more satisfaction from customers and reduce the number of complaints. Proposed solution: Provide a cell phone signal booster for all office and home buildings. Cell phone boosters are used to amplify weak signals into strong signals that can bypass obstructions and provide the people within the area with a strong and reliable signal. If this is mandated for all residential and office buildings, it can save many people the stress of poor services as well as save carrier companies the cost of putting up more cell towers Problem: The main reason for printers being used widely in homes and offices is that as time moves on more portable and cheaper printers are being produced. However, the main problem with most printers is that their ink cartridges or toners are too expensive. The prices for a set of cartridges or toner can end up costing more than the initial price of the printer. Sometimes it becomes more difficult because each manufacturer have their own unique cartridges Proposed solution: Make it a policy for printer manufacturer companies to have standard refillable ink cartridges that can be bought and used by printer from any manufacturer. With a refillable ink, it will be cheaper for users to buy ink and refill their

Great Style and Clarity Essay Example | Topics and Well Written Essays - 250 words

Great Style and Clarity - Essay Example g philosopher, thereby enabling the reader to accept his point of view, which otherwise may have been difficult, since it amounts to an accusation of the reader of barbaric impulses. Such a method of explication is suited to any exploration of the mind and any psychoanalytic reading of a phenomenon, since it has the potential to disturb the mind of the reader. While this in itself is not harmful, it may dull the analytic abilities of the reader. This may cause the writer to fail in conveying the message that he had taken upon himself to discuss in his paper. King’s ability to sustain a conversational style throughout his paper enables him to hold the interest of the reader till the very end of the essay. The end of the essay, however, reminds the reader that what the paper requires thought, rather than casual reading. The flourish at the end, which reminds the reader of the need to â€Å"keep the gators fed†, reminds the reader of the parts of the mind that he is not conscious of (King). King, thus, is able to weave into his narrative the very structure of the horror movie that he writes about and this enables the paper itself to have an eerie quality to

GPS Locator Application Development

GPS Locator Application Development It is an application can locate the person by using GPS take from Google map a map to locate people, and there a option for the user when download the app for WIFI and locking the phone for example a parent they download this app in his phone and in child phone, the parent they watch his son in map and they can turn off   WIFI or lock the phone in child phone, you have to deal with Google development to get API key to allow you to use Google map, also there is some permissions the internet and network . Glympse is a fast, free, and simple way to share your location in real time with the people you trust. Send a Glympse to your friends to let them know youre on your way. Request a Glympse of your friend who is always running late. Create a group for your family reunion. Set a duration, pick a destination, choose the recipients and hit send! Glympse will take care of the rest. Use Glympse to:   Ã‚   coordinate a social night out with friends let your spouse know your ETA when youll be home from work let your family know you are safe while running or cycling find friends at a concert festival provide a courtesy notice with ETA to a client when stuck in traffic share a charity run route with followers on Facebook or Twitter direct emergency personnel to you quickly Find my friend Find My Friends helps you to locate your friends and the site determines the exact location on the application and navigational map. Its the perfect way to keep track of friends, whether youre shopping in a mall, and visit the museum, and camping in the great outdoors or on their way to meet the best ever for the party this year! For families, it provides peace of mind. Theres no need to constantly text message children or other relatives to find out where they are, and if it is safe. Find My Friends allows for everyone to stay in touch without having to send or reply to an endless stream of Where are you? Texts. Find My Friends uses the Global Positioning System (GPS) technology for state-of-the-art to provide the most accurate, up-to-date sites in real time. I did not wonder where your friends, if they had lost, stuck in traffic, or just late. With the search for my friends, and it will not take long to figure out where your friends are in fact helping them to get where theyre supp osed to be. Its an easy to use for a specific friend and people finder app Android Device Manager Android Device Manager is functionality thats built into every Google Android device and can be turned on by simply flipping a setting. You can learn more on how to do that by clicking here. Once enabled, you can use Android Device Manager on your Android device or computer to quickly find your device. From there, you can go get it back, wipe the device, sound an alarm so you can find it, and even reset your lock screen PIN. Its an essential tool thats built right into Android and you should definitely take advantage of it. Requirement (Basic). The purpose of this app is to locate someone and find it by using Google mapping and turn on the GPS and run the app you will see a point in the map the point means the person who gives you the possibility to see where his place: Father : is the manager and he has a possibility to see the map and where the another person location, Add child in database the name and location number. Child : is a person download the program and the program will hide in the background, he cant see the map because is disable for the child. Design Father Childid Ngps Egps Timer First of all you have to download the application in your phone and in the person who want to locate his place, to locate a person you have first internet to make it available to another   person, second make the GPS on to make the location available for another person My application is an application in android, it is for locating a person for example father and child the father want to see his child location.

Values- Allport-Vernon

Define Values. Critically evaluate â€Å"Allport-Vernon† classification of values. How values  affectthe business processes. Values represent basic convictions that â€Å"a specific mode of  conduct or end-state of  existence is personally or socially preferable to  an opposite or converse mode of conduct orend-state of existence† (Rokeach, 1973). When the values  are ranked in terms of  theirintensity, i. e. , when the value are prioritized in terms of their intensity, it is called valuesystem.Types of values include ethical/moral values, doctrinal/ideological (political,religious) values, social values, and aesthetic values. Values have both content and intensity  attributes. The content attribute signifies that amode of conduct or end-state of existence is  important. The intensity attribute specifieshow important it is. Ranking an individual’s values in terms of their intensity equals thatperson’s value system. Values build the foundati on for the understanding of attitudes and motivation of anindividual, since; value has a  great impact on perceptions.Values shape relationships,behaviors, and choices. The more positive our values, more positive  are people’s actions. Asignificant portion of the values an individual holds is established in the early years—fromparents, teachers, friends, and others. Allport-Vernon classification of values: 1. Theoretical: Interest in the discovery of truth through reasoning and  systematicthinking. 2. Economic: Interest in usefulness and practicality, including the  accumulation of wealth. 3. Aesthetic:Interest in beauty, form and  artistic harmony. 4. Social: Interest in people and human  relationships. 5. Political: Interest in gaining power and influencing other people. 6. Religious: Interest in unity and understanding the cosmos as  a whole. Work behavior across cultures and  businesses In every culture, there are different sets  of attitudes and values which affect  behavior. Similarly, every individual has a set of attitudes and beliefs – filters through which he/sheviews management situations within organizational context.Managerial  beliefs, attitudesand values can affect organizations positively  or negatively. Managers portray trust andrespect in their employees in different  ways in different cultures. This is a  function of theirown cultural backgrounds. For example, managers from  specific culturestend to focusonly on the behavior that takes place at work, in contrast to managers from diffused  cultures who focus on wider range of behavior  including employees’ private and

Top Opinion Essay Samples 3rd Grade Tips!

Top Opinion Essay Samples 3rd Grade Tips! Choosing Good Opinion Essay Samples 3rd Grade Also, on our blog, you can get a great deal of different samples for various disciplines. Moreover, it's our sincere desire to enhance your expertise and sharpen writing skills. Our crew of well-trained and gifted writers are going to assist you with any situation. Our sound wisdom and the exceptional writing skills of our specialists give perfect guidance to aid you with your studies. Our customer support will gladly tell you whether there are any special offers at the present time, and make sure you are getting the very best service our company may deliver. You should have your reasons, and our principal concern is that you wind up getting a great grade. At times, getting a person's help might seem awkward because translating your outlook on particular issues might not be accurately reflected and interpreted once written. Business plan statement of the issue. In conclusion, at the present moment school is a significant stage of my life. Education is a significant medium of acquiring essential knowledge and techniques. So, it is a necessary means of eradicating the unemployment problem. Our education is actually worth investment. Opinion Essay Samples 3rd Grade Secrets That No One Else Knows About It may look like an opinion essay is tough to nail because it's slightly different from your typical academic paper. After you have organized all your facts in your outline, all you need to do is join them together with bridging language. Last, be sure that the topic you decide on can be supported by some factual evidence. Naturally, there isn't any definite response to the question I used as a title. Before starting to compose your essay, you have to gather information to back up your opinion. You can rely on the very best essay help online. The essay help on the internet can be ordered and received even via your cellular device. Anytime you must compose a timed essay, you should start out with a frame dependent on the parts below. You also need to go through the essay templates to learn more on the subject of essay structure when your outline is completed. At the start of each paragraph there ought to be a topic sentence. You would like an outline first. An opinion essay outline appears much enjoy a conventional essay outline. How do you earn thesis plural. As soon as you finish the very first draft of your essay, it's wise to re-visit the thesis statement in your very first paragraph. Your thesis sentence should provide your particular assertion and convey a very clear viewpoint. A great conclusion reaffirms the argument and produces a lasting impression on the reader by offering a captivating overview of the chief points. It can summarize the main points of the essay in a few sentences. You've got to talk about BOTH of them and also provide your opinion. Choose one which you get a strong opinion about. In that way you can find out more about your topic. It is going to also be a lot simpler to write about a topic you're passionate about. When you're selecting your topic, don't forget that you have to have an opinion. Also, remember two or three pretty normal strategies on selecting a topic for an opinion essay. Life After Opinion Essay Samples 3rd Grade You may take my online IELTS Writing Practice Test anywhere on earth and find a score, corrections, and feedback in only two days. Students will learn more about the rehearsal process used to ready the ensemble for performance. No student would like to jeopardize their grade. Write about your favourite sport.