Essays on Economy

In the year 1941, Milton Friedman was the early economist who favored to Keynesian economics theory. After the war, he refuses to accept with Keynesian style, saying that Keynes’s economics ignored the impact of money supply and monetary policy of the economic cycles by coming...

There is disunity in the research community what kinds of low interest rates have an effect on the softening of lending standards. Some researchers suggest that both short-term and long-term low interest rates in combination with financial innovation and weak supervision lead to the softening...

The role of Central Banks in the fight against climate change has been in the forefront of discussion in recent days. Representatives on both sides of the debate ponder the extent to which the government’s leading monetary tool should concern itself with addressing this ever-growing...

While Paul Tucker, former deputy governor for the Bank of England who had a front seat as the financial crisis unfolded, said central banks have emerged as a “third great pillar of unelected power alongside the military and the judiciary”, and Yuhang Liu argues that...

 On the 14th of February 2019 (Valentine’s day to some of you), the tech community was enthralled to receive news of JP Morgan Chase’s official release of its digital currency, the JP Morgan coin. According to official report from the company, “JP Morgan Coin is...

Deputy Governor of Central bank of Ireland, Sharon Donnery on her speech to Dublin Economics workshop dated 14th September 2018 addressed, what lesson Ireland learned after the financial crisis of 2008 where she mentioned that the reason behind the crisis was “A large number of...

When it comes to success, many believe the way to becoming successful is to mimic the same techniques used by those who have already achieved their desired level of success. For many nations, the definition of success is for them to attain wealth and prosperity....

The traditional role of the central banks before the financial crisis can be generalized in three main functional and objectives roles. The first one is to keep price stabilization, concern to the financial regime in contemporary operation, as an example the gold standard, a pegged...

India ‘s rural sector is overwhelmingly dependent on agriculture as their number one source of profits; the majority is marginal or small farmers, the monetary requirements of India ‘s rural poor reflect the unstable, unsure, and abnormal earnings streams and expenditure styles of those households....

The establishment of a compensation plan requires credible attention in both management and leadership capabilities. The advocacy is based on the nature of the requirements that are needed to ensure a perfect response to the professional values of a target employee. In essence, the management...