An Article Review on the Borrower of Last Resort...

An Article Review on: The Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan According to the author Ramaa Vasudevan the article was aiming to compare and contrast the actual workings of the international l monetary arrangements in the two periods, Britain during the period of the international gold standard and USA after post war period. The pyramiding if official liabilities on a disproportionately small reserve base and the parallel emergence of unregulated monetary mechanisms based on an explosion of private liabilities generated international liquidity in both periods. It also adds to explain the workings of the international monetary systems of the two periods which†¦show more content†¦In order to foster liquidity during the pre war period Britain act as the â€Å"lender of last resort† through borrowing short and lending long. London’s ability to â€Å"as the lender of last resort† was based on other countries’ willingness to hold pound liabilities. According to Rama the â€Å"gold standard† period of the international monetary system was able to weather the crises that did erupt. The inter war period was marked up by the deleterious trade wars. These underscored the fragility and contradictions of the international monetary system. With the weakening of the British dominance, they depended on the USA reconstruction and the significant US current account surpluses buttressed the growing dominance of the dollar in international settlements. But during this time the dollar was in shortage. In order for this to be solved principal surplus country USA would need to impart liquidity to the international monetary system, by taking on the role of financial intermediation that had underscored London’s role in the Gold standard period. But due to the fact that it was only the onset of the aftermath of the war the USA is not yet ready to do the role. This gave birth to the Bretton Woods conference which sought to weld a new international monetary order under the joint initiative of Engl and and USA. The post war world was marked by the emerging dominance of the US dollar as a key currency. SinceShow MoreRelatedAn Article Review on: the Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan1319 Words   |  6 PagesAn Article Review on: The Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan According to the author Ramaa Vasudevan the article was aiming to compare and contrast the actual workings of the international l monetary arrangements in the two periods, Britain during the period of the international gold standard and USA after post war period. The pyramiding if official liabilities on a disproportionately small reserve base and the parallel An Article Review on the Borrower of Last Resort... An Article Review on: The Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan According to the author Ramaa Vasudevan the article was aiming to compare and contrast the actual workings of the international l monetary arrangements in the two periods, Britain during the period of the international gold standard and USA after post war period. The pyramiding if official liabilities on a disproportionately small reserve base and the parallel emergence of unregulated monetary mechanisms based on an explosion of private liabilities generated international liquidity in both periods. It also adds to explain the workings of the international monetary systems of the two periods which seeks†¦show more content†¦A country’s dominance in world trade, its status as the leading creditor and exporter of capital, initially underwrites its emergence as international money. The use of the currency of a country as the international reserve was both a logical outcome and a necessary basis of the development of capitalist internationally and the tremendous concentr ation of capital and trade flows in the hegemonic country. However, the perpetuation and preservation of its dominant role does not depends on its continued ‘creditor’ status but rather on its ability to attract and recycle capital from the rest of the world, while incurring a growing debt burden. It has to be the ‘borrower of last resort’. The imperative of maintaining international liquidity and maintaining sufficient global reserves depends on the ability of the country issuing the international money to sustain a deficit without eroding its status as a reserve currency. Like what England and USA did during the â€Å"gold standard† period for England and the dollar period for the latter. Acting as the lender of last resort was not enough for a country with the international currency to maintain liquidity and adjustment but rather on its ability to borrow from surplus countries on one hand and pass the burden of deflationary adjustment shocks to p eripheral debtor countries on the other or act as the â€Å"borrower ofShow MoreRelatedAn Article Review on: the Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan1334 Words   |  6 PagesAn Article Review on: The Borrower of Last Resort: International Adjustment and Liquidity in Historical Perspective* Ramaa Vasudevan According to the author Ramaa Vasudevan the article was aiming to compare and contrast the actual workings of the international l monetary arrangements in the two periods, Britain during the period of the international gold standard and USA after post war period. The pyramiding if official liabilities on a disproportionately small reserve base and the parallel

Ethical Dilemmas - 1304 Words

Ethical Dilemmas Kevin Brock April 26, 2015 CWV 101: Christian Worldview Instructor: Peter Rasor People from all walks of life face many ethical dilemmas. These dilemmas have consequences. Our worldview determines how we deal with these dilemmas, and guides us to the right decisions. In this essay, I will examine an ethical issues through my Christian worldview. I will also present other viewpoints, and compare them to mine. Ethical Dilemma This dilemma involves my friend Paul. Paul has been working very hard in practice, and the weight room and has earned a starting position on his team. The team has recently been winning more, and many of the players are using a new performance enhancing drug. Paul’s teammates are always†¦show more content†¦As Paul says in Romans 13: â€Å"Let every person be subject to the governing authorities. For there is no authority except from God, and those that exist have been instituted by God. Therefore whoever resists the authorities resists what God has appointed, and those who resist will incur judgment. For rulers are not a terror to good conduct, but to bad. Would you have no fear of the one who is in authority? Then do what is good, and you will receive his approval, for he is God’s servant for your good. But if you do wrong, be afraid, for he does not bear the sword in vain. For he is the servant of God, an avenger who carries out God’s wrath on the wrongdoer. Therefore one must be in subjection, not only to avoid God’s wrath but also for the sake of conscience.† The government and its laws are ordained by God. If you disobey government, you disobey God. God created each and everyone us in His image. You can exercise all you want to improve on what God has given you, and to make it stronger. Taking these drugs makes it seem like you are saying you disapprove of God’s creation. Paul, again, in Romans 9 says â€Å"But who are you, O man, to answer back to God? Will what is molded say to its molder, â€Å"Why have you made me like this?† Has the potter no right over the clay, to make out of the same lump one vessel for honorable use and another for dishonorable use?† Finally, its cheating. Athletes that use performance enhancing drugs have an unfair advantage. These drugs are wrong,Show MoreRelatedEthical Dilemmas Of The Workplace1538 Words   |  7 Pages1. Discuss an ethical dilem ma that you have had to face in the workplace. Ethical dilemmas often occur when a manager or an employee is faced with two or more conflicting choices. Give as many facts and details as possible in describing your dilemma. The most difficult ethical dilemma I have dealt with was a summer job I had this past summer, while I was working for a bakery in my hometown. This past particular summer really tested what I believe is right and wrong and how to speak up. One of myRead MoreEthical Dilemmas Of The Workplace1291 Words   |  6 PagesEthical Dilemmas in the Workplace As a manager, you are the role model for staff. You set the standards, adhere to guidelines, and exemplify what you expect staff to model. By doing so, you are establishing and sustaining an organizational culture of ethics and integrity, which is the backbone of all successful endeavors. However, even the best structured organizations face ethical dilemmas in the workplace. It is how management recognizes and addresses these occurrences that will either set themRead MoreEthical Dilemma Assignment1766 Words   |  8 PagesCONSENT FORM Thank you for being willing to take part in this interview exploring ethical conflict or turbulence. I would like to transcribe the content of this interview to form a written document to be submitted to Sheffield Hallam University as a piece of assessed piece of coursework. It is important that you only take part in this interview if you want to. As such I would be delighted if you would complete and sign this confidentiality questionnaire prior to the interview taking place. (i)Read MoreCase Analysis : Ethical Dilemma1318 Words   |  6 PagesTitle of Paper: Ethical Dilemma One INTRODUCTION Mrs. Smith, is an 81-year-old widow. She has been widowed for over twenty years. She has been very independent with some assistance from neighbors due to her son living out of the area and unable to assist. Recently, she has had issues with her independence. She has set two accidental fires that caused damages to her apartment, as well as had a recent fall in the bathtub. These issues have gained her son’s attention which has led him to requestRead MoreEthical Dilemma at Workplace Essay1192 Words   |  5 Pagesï » ¿Introduction – What is an ethical dilemma? Ethics is the term we give to our concern for good behavior.   It is human nature to not only be concerned with our own personal well being, but also that of others and of human society as a whole.   The difference between moral dilemmas and ethical ones, philosophers say, is that in moral issues the choice is between right and wrong.   In ethical ones, the choice is between two rights. Everyday Im faced with decisions of right and wrong, most of whichRead Moret Types of ethical dilemmas Mastery67Questions123Materials Essay2477 Words   |  10 PagesTypes of ethical dilemmas Mastery 67% Questions 1 2 3 Materials on the concept: Typical Moral Dilemmas Confronting Business Communicators Ethics and Law for Management Communication Top of Form 1. As part of an effort to hire younger workers, a multinational organization assures applicants that they will get to visit its offices in other countries and work with the employees there. However, only two out of every nine workers actually get selected for such projects. What moral dilemma best fitsRead MoreEthical Dilemma Case Study842 Words   |  4 PagesAn ethical dilemma is a situation by which its difficult to determine whether a situation is can be handled without disappointing both sides. Therefore, an ethical dilemma exists when the right thing to do is clear or when members of the healthcare team cannot agree on the right thing to do. Ethical dilemmas require negotiation of different points of view (potter, Perry, Stockert, Hall 2011pg 78). The case study briefly explains a situation between daughter and father regarding the fathersRead MoreThe Ethical Dilemmas of Collecting Data and the Consequential Revision of Commodities, Culture and the Politics of Representations Definitions 1751 Words   |  7 Pagesinformation or data has become assets to companies, being regarded as property to be bought and sold to between companies. However, this has put forward the following primary ethical dilemmas surrounding human rights: the right to informed consent and the right to personal data. In addition to the creation of ethical dilemmas, the collection of human data has brought about a need for a revision of definitions. Commodities are known as a raw material or primary agricultural product that can be boughtRead MoreVices and Virtues: Ethical Dilemmas of a Fading Man Essay1932 Words   |  8 PagesVices Virtues: Ethical Dilemmas of a Fading Man When Sidney Stewart was freed in Manchuria in 1945 after 3 years of imprisonment by the Japanese, the 6’3 American weighed 65 pounds (Goldstein). Stewart was an Army private stationed in Manila in 1942 when they were overpowered by the Japanese. The 21 year-old wasn’t the killing type of soldier. Of course he killed when required, but he wasn’t murderous. He’d been sent to Luzon on the Bataan peninsula after the Japanese invasion and was soonRead MoreNursing Leaders Are Struggling Ethical Dilemmas1263 Words   |  6 Pagesstruggling in ethical dilemmas daily. Ethical dilemma is one of the issue/challenge to the nursing leader. Ethical dilemmas occur when nursing personal values and beliefs conflict with some aspect of nursing care. The struggle is to provide the best nursing care despite of the nurses’ feelings. For example: RN/ nursing leader in residential home has always dilemmas while restraining the patient. sometime patient become so aggr essive that they can harm other people and worker. The dilemma in this situation

Untraditional Influence free essay sample

My father wouldnt be considered your traditional good influence. As an able-bodied unemployed middle-aged man with substance abuse issues, he would not be regarded as inspiring by most people. We may not have the best relationship, but I can honestly say that he has had a positive impact on my life and has indirectly taught me many applicable life lessons. One of the most important things to me is having a successful career. Living with my father I see first hand the depressing results of what can happen to someone when they throw their life away. My determination showed at a very young age I realized I wanted to make something of myself and take advantage of the many opportunities that I have been given. Like me, my father has also had many opportunities in his life – the chances to break away from his addiction are endless. He deserves credit for his multiple attempts at twelve step recovery plans, and rehabs. We will write a custom essay sample on Untraditional Influence or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Sadly, because of his unwillingness to apply himself to these programs, they have ended unsuccessfully. From his experiences I have observed that to achieve my goals, I have to take initiative, exert myself, and not expect handouts or answers to my problems. It would be an understatement to say we dont have the perfect family†¦but who does anyway? Life with my father can be quite difficult at times, but learning to cope in tough situations is a very valuable skill to have. Living with my father has taught me to be grateful for the simple pleasures in life, which helps in developing a positive, appreciative attitude. Lastly though my father and other influences, I have realized the importance of service and helping others. My father is an intelligent, talented man who could have had a better life for himself, and still has the chance to do so. However as a drug addict he suffers from a disease, and cannot recover alone. Many people are in similar situations, and those who suffer from disease or live in poverty need the aid of others to move on. Thus I know he contributes to my desire to help other people. At the end of the day I can truthfully say, Thanks Dad. Without you I wouldnt be the person I am today.

Ethics Of Freegan Movement Outweigh And Dumpster Diving For Dinner

Question: Discuss about the Ethics Of Freegan Movement Outweigh And Dumpster Diving For Dinner. Answer: The ethics behind the freegan movement does outweigh the health risks associated with the practice of dumpster diving. As explained by the authors of both the articles that dumpster diving is a comparatively safer for those people who are doing so for the sake of conserving the environment, as they have adequate protective gears to wear before jumping down the dumpster in search of food. Jim Chan who has been a health inspector for 30 years has stated that he has not come across any person suffering from illness after eating from dumpster (Tibbetts 2015). According to Quincey Brandt who is a 28 years old student dumpster diving is an easy way of getting food and saving the environment at the same time and also promoting anti consumerism. He has been doing so for the past 5 years and has faced no problems or has fallen sick after eating food taken from dumpsters. At the same time studying the evidences from the second article it can be said that almost fresh food items are discarded b y the supermarkets who are unable to store the same and they throw out these food items as waste. A group of freegan enthusiasts discovered a number of fresh food items from the waste bins outside the parking lots and the supermarkets. Even these foods were packed in bags and the beers that they found were placed in a carton. Thus judging from the above facts it can be said that all the foods foraged by the freegans are quite safe to consume and there are no serious health risks associated with the foods gathered from dumpsters. The freegan movement promotes an idea of a self-sustainable future and conservation of natural resources and at the same time it sends a strong statement against anti consumerism. After the fact has been established that freegan movement has no health risks, now the positive sides of the movement can be highlighted. The freegans who have joined this movement, most of them does this by their own choice and not because they cannot afford food. These people are trying to take a step against the societys wasteful behaviour. Freegans believe in consuming only that much which is necessary and not more than that, they are even careful to leave enough food for others as well and they follow certain rules for the benefit of others. Instead these foods which are thrown away for silly reasons should be donated away to the needy and the poor people who cannot afford food. People should understand the importance of conserving natural resources so that in the future humans are able to have enough resources to live. There are certain parts of the world where people starve daily yet in other developed countries food of good quality is thrown away and not distributed among the needy people (Charlton and Cosgrove 2015). This is another important reason why the ethical grounds of freegan movement is far important than the health risks it has. Another important reason why the ethics of freegan movement outweigh its health risks is that nowadays people are continuously being driven by excessive consumerism which is not a healthy way to live ones life, the freegan movement teach everyone that to live a healthy life it is not necessary to depend upon several products at the same time. One should not be influenced too much by the marketing techniques of the product based companies. Buying more than what is actually necessary creates excessive wastage of environmental resources. Thus to save the future of human beings and protect the present generation from the influences of consumerism understanding freegan movement is crucial. References: Charlton, K and Cosgrove, S.,2015. Dumpster diving for dinner: do you have what it takes to eat 'freegan' food?', The Conversation, viewed 4February 2018, https://theconversation.com/dumpster-diving-for-dinner-do-you-have-what-it-takes-to-eat-freegan-food-37117 Tibbetts, J., 2015. 'Freegans risk the hazards of dumpster diving', Canadian Medical Association Journal, vol. 185, no. 7, pp. 282-283.