INSTITUTE FOR ECONOMIC MANAGEMENT CENTER FOR INFORMATION AND DOCUMENTATION ------------------------------------------------FISCAL AND MONETARY POLICY FOR STABLIZING MACRO-ECONOMY AND STRENGTHENING THE ECONOMIC GROWTH IN VIETNAM (SUMMARY)* Fiscal and monetary policy are two important tools in managing and adjusting the macroeconomy. They have different purposes. Fiscal policy refers to the revenues of state budget‚ financial funds and the expenditure undertaken by the government annually. The expenditure
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MONETARY POLICY & CENTRAL BANKING FINMGT2 COURSE SYLLABUS 1st Semester SY 2012 - 2013 UB VISION In pursuit of perfection‚ the University of Baguio is committed to provide balanced quality education by nurturing academic excellence‚ relevant social skills and ethical values in a fun-learning environment. SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY MISSION The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business
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What is RBI’s Monetary Policy? .The Reserve Bank of India will announce its Monetary and Credit Policy for the first half of the financial year 2002-03 on April 29. Even as RBI Governor Bimal Jalan puts the finishing touches to the document‚ have you ever considered what is the significance of the biannual exercise? In a world of policies in the financial sector‚ nothing could get as alien as the Monetary Policy. Terms like M3‚ CRR‚ SLR‚ PLR and OMO would make you think that the typical IT-bug
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CHAPTER ONE 1.0 INTRODUCTION The desire to develop a viable monetary policy has reached it unprecedented limit in the economy‚ money as a medium of exchange emerged with the waves to organize a political and economical institution which will enforce a unique legal tender. Nowadays‚ money has played an indispensable role in propelling the activities of the economy. Monetary policy is the major pre-occupation of the Central Bank of Nigeria (CBN)‚ the
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CASE – PROF. TOM AND MONETARY POLICY: Q1 THE VARIOUS QUESTION ASKED IN THIS CASE ARE: Q: What is meant by interest rate and monetary policy? Ans: Interest Rate- Interest rate is cost of money. This is the rate which is charged by the lender on borrower for lending some money to him for a period of time. Interest rate is price of the money paid by the borrower for using the money of lender for a period of time. Monetary policy: monetary policy is a “policy employing the central bank’s control
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Fiscal and Monetary Policy in an Open Economy Professor Horst Loechel MBA Class 2010 Shanghai‚ November 2010 Questions What is the difference between a closed and an open economy with regards to the impact of fiscal and monetary policy? What are the current issues of fiscal and monetary policy on a global level? What is China’s fiscal and monetary policy? IS-LM in an open economy Appr. Depr. Fiscal policy in an open economy LM ∆G>0 Interest rate‚ i NetE0 Interest rate
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Fiscal Policy vs. Monetary Policy With America in recovery from the attacks on our freedom and our economy‚ many wonder if we will return to phase one (expansion) and how long it will take to reach phase two (recession) again. The Keynesian Theorists of America believe that the government should actively pursue Monetary policies (enacted by the Federal Reserve Bank) and Fiscal policies (enacted by Congress) to reach adjustments to price‚ employment‚ and growth levels. In our full market economy
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Fiscal and Monetary Policy 1.1. Planned and implemented activities of the Government of RM in the reporting period 1.1.1. Fiscal Policy In the reporting period‚ the fiscal policy was directed towards realization of several previously planned activities‚ as well as undertaking measures which should have acted in the direction of gradual drawing of the national economy out of the recession phase. They are mainly based on the following: a) Further liberalization of the fiscal policy‚ i.e. increasing
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unrelenting and high marks on standardized tests are the most important criterion for admission. Ghost-written essays and test questions can be bought. So‚ too‚ can a hired gun test taker who will assume the student’s identity for the grueling two-day college entrance exam.” (2) This was probably one of the most interesting and surprising facts I leared while researching the Chinese culture for this paper. When I personally interviewed this Chinese student‚ he confessed to me that while
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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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