Abstract Monetary policy is the program of action undertaken by monetary authorities to control and regulate the supply of money and the flow of credit to the public with a view to achieving pre-determined macroeconomic objectives. The objectives of monetary policy are the same as those of macroeconomic policy‚ which include: Maintain a high growth rate High rate of employment Stabilization of prices‚ output and employment Ensure equity in income distribution Balance of payments equilibrium
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I. Nature and objectives of economic and monetary union Economic and Monetary Union (EMU) is an advanced stage of economic integration‚ which is characterized by the implementation of a common currency and economic policy at EU level and logical complements the creation of the single market. Can be defined six stages of economic integration: 1. Preferential Trade Area (with reduced customs tariffs between certain countries) 2. Free Trade Area (no internal tariffs on some or all goods between
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Policies are like starting points for government to take a course of action that makes a real life change. Government uses policies to tackle a wide-spread range of issues. Macroeconomics is the study of the economy as a whole‚ including matters such as inflation‚ unemployment‚ and economic growths. Fiscal policy‚ is where government adjusts spending levels and tax rates to specialize on the nation’s economy. The government oversees the economy to make the necessary changes to improve and avoid
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Industrialization has not only changed the way the world do business but also changed the world itself. Fortunately‚ Nigeria is one of the countries that did not escape its impact. Industrialization is the process of social and economic change that transforms a human group from a pre-industrial society into an industrial one. It is a part of a wider modernization process‚ where social change and economic development are closely related with technological innovation‚ particularly with the development of large
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FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN PAKITAN A Thesis Submitted to the Faculty of Institute of Management Sciences‚ Peshawar In Partial Fulfilment of the Requirements for the Degree of MBA (Finance) (2009-2011) Institute of Management Sciences‚ Peshawar
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1.1 INTRODUCTION AND BACKGROUND OF STUDY Over the years‚ there have been many definitions of insurance but the most accepted definition is that given by ALAN WILLET in 1901. He defined insurance “As the accumulation of reserves for the purpose of contingencies”. Thus it is a business activity wherein some people or parties who are subject to certain risk pay monthly or yearly premium to an insurance company to transfer the burden of such risks. Insurance also may be defined “as a contract whereby
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The Impact of Monetary Policy on Income Inequality Introduction: Monetary policy is a widely implemented method of controlling inflation. Economists argue that the use of monetary policy and the subsequent changes in the interest rate have had a significant impact on income and wealth inequality among individuals. This critical analysis aims to analyse the impact of monetary policy on inequality by looking into the effects of expansionary and contractionary policy on income inequality. Expansionary
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Ch Venkataiah SUBMITTED BY: G.V.V.S.Chandra Sekhar REG NO: 1226212108 MBA-IBF SECTION- ‘C’ | Difference between manufacturing and service organization’s operations To compare the operations between the manufacturing organization and service organization‚ I have taken the example of Mahindra automobile sector as a manufacturing organization and State bank of India banking sector as service organization. The Mahindra Company imports its raw materials from Japan‚ where after getting its parts it
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CONTRACTIONARY MONETARY POLICY Fiscal policies and monetary policies are the two means implemented by the government to deliver its macroeconomic objectives. Fiscal policies are more related to increasing and decreasing the aggregate demand through tax rates and government spending. On the other hand‚ monetary policies are the actions of the central banks that determine the size and rate of money circulating in the economy. Economists say that there is no interaction between fiscal and monetary policies
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and fiscal policies are the stimulant to any nation economic development‚ especially with regards to Nigeria. However‚ in this study‚ the attention of this is mainly on the influence of deregulation on banks profitability in Nigeria. The discussion on the deregulation can be effectively carried out without understanding what monetary policy is all about. In this content‚ monetary policy could be defined as a policy which deals with discretionary control of money supply by the monetary authorities
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