Do you agree with the view that‚ in the years 1945-51‚ the achievements of the Labour government far outweighed its failures? Explain your answer‚ using Sources 4‚ 5 and 6 and your own knowledge. (40 marks) The Labour government in 1945-1951 achieved a high degree of activity and success‚ despite working within ‘the aftermath of war’ which inevitably ‘brings enormous difficulties’. The Labour government devoted their power to reconstructing a better nation‚ one that would be a ‘better place in
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INDONESIAN ECONOMY “Indonesian Economy System” Group 2: Ida Ayu Lidya Kusuma Dewi 1306305007 / 16 Ni Wayan Dewi Mas Yogi Pertiwi 1306305008 / 17 Ni Putu Julita Diastiningsih 1306305012 / 19 Ni Komang Urip Krisna Dewi 1306305086 / 28 I Putu Adi Surya Lesmana 1306305092 / 29 Ni Putu Intan Pradnyani 1306305097 / 30 I Putu Gde Chandra Artha Aryasa 1306305146 / 35 FACULTY OF ECONOMY AND BUSINESS UDAYANA UNIVERSITY 2015 I. INTRODUCTION Basically there are only two economic systems that the
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continuous U.S. current account deficits? Answer: The current account deficits of U.S. may have reflected a few reasons such as (I) a historically high real interest rate in the U.S.‚ which is due to ballooning federal budget deficits‚ that kept the dollar strong‚ and (ii) weak competitiveness of the U.S. industries. 4. In contrast to the U.S.‚ Japan has realized continuous current account surpluses. What could be the main causes for these surpluses? Is it desirable to have continuous current account
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bank deposits. Foreign currency only used in some payments of wages‚ tax and other daily expenses. Eg: Panama used both domestic currency Balboa and USD ← Unofficial dollarization Unofficial dollarization is the case the dollar is widely used in the economy‚ although that country is not officially recognized. Unofficial dollarization may include the following: •The foreign currency bonds and other non-monetary assets in foreign countries. •Deposits in foreign
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Management Due to significant appreciation of the U.S dollar against the Irish punt in recent years‚ it has come to our attention that the profit margins of our Irish operation are extremely sensitive to fluctuations in the value of the U.S dollar. With already high interest rates‚ steadying rates of inflation‚ and flat economic growth in the United States‚ it appears that the time has come to worry about the possibility of a large devaluation of the dollar. Such depreciation could have the effect of wiping
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Fundamentals of Multinational Finance‚ 5e (Moffett et al.) Chapter 8 Foreign Exchange Rate Determination Multiple Choice and True/False Questions 8.1 Exchange Rate Determination: The Theoretical Thread 1) The important thing to remember about foreign exchange rate determination is that parity conditions‚ asset approach‚ and balance of payments approaches are ________ theories rather than ________ theories. A) competing; complementary B) competing; contemporary C) complementary; contiguous
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Reductions • Radical restricting of the public sector and reduction in its spending • Government spending slashed • Import tariffs were cut • Government budgets were balanced Decree 21060 • Allowing the peso to float against the dollar • Cutting 2/3 of the employees of the state oil and tin companies and implementing a freeze on • Ending price controls and eliminating subsidies to the public sector • Liberalizing import tariffs by imposing a uniform 20% tariff
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countries in the late 1990s‚ most transition economies in the mid-1990s‚ Russia in the late 1990s‚ and Argentina in 2002. Types of financial crisis • Currency crises - occur when an attack on the exchange rate of an economy’s currency results in a devaluation or sharp depreciation of the currency • Banking crises- occur when bank runs or failures force banks to renege on their liabilities or force governments to intervene to keep the banking system from failing. • Foreign debt crises- occur when a
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Peru even though the topic never lost its appeal‚ the apparently never-ending appreciation of the national currency started in the midst made the efforts of the advocates of de-dollarization fade as the debt ratios plummeted. .The development of (dollar) credit observed in the second half of the nineties was the key to the generalized bankruptcy following the 2002 crisis. Additionally‚ such risk threatens to‚ become a liability to the taxpayers in an economy. The paper proceeds as follows. We start
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competitive exposure it now shared with Japanese automakers in the U.S import market. As the yen depreciates against the dollar‚ Japanese automakers production cost structure reduces; this allows for lower sticker prices‚ added per-vehicle incentives‚ and the ability for Japanese firms to eat away at GM’s current revenue-generation from the United States. By using a projected 20% devaluation of the yen‚ and given unit sales figures and industry elasticity‚ the competitive exposure of GM to the real JPY-USD
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