Under the arrangement, moreover, a country with efficient production and a favored competitive position (including as enhanced by new capital goods) is rewarded with rising income and reduced unemployment. No grand scheme of state or international planning and direct control is required. Exchange rates are for the most part fixed under the classical gold-flows mechanisms (say, $/£ const. within fixed limits), as stated, and adjustments to trade imbalances

26) Research using a -regression analysis of nations shows that the legal measures of the Central Bank have no relationship with inflation in developed countries, while on the other hand there is a positive relationship between inflation in developing countries and with the regulation of the bank. (Klomp; de Haan, 2010, p. 445) Some examples like Russia, Ukraine, Belarus and Moldova show that the central bank incentive approach, or the

Comments on ArticleThe leading indicator concept discussed by Wu et al. (2006) seems like a good way to track trends in demand. However, for forecasting revenue and for forecasting planning capacity, different data are required. It can be useful in inventory forecasting, but for predicting demand growth, there is some degree of uncertainty particularly where technology substitution comes into play. I would add that, since the article focuses on the

However, the role of the governments to put their finances in order have taken a new twist with the recent election results where the anti-austerity candidates have won with a sweeping majority. This has put the ECB in the spotlight again because the bank wants the governments to make tough choices to reduce its debt. ECB wants Greece to implement its agreed restructuring plan because it does not want to

As a result of the draft, the unemployment rates which had been at record low levels, was able to right itself. Once again, the U.S.'s industry-based economy was able to flourish with new needs to produce and manufacture goods and products to be used globally. The secular tendencies in economic policy responsible for this revival would be continued for several years to come. Predictably, the end of fascism which concluded

Outline: Should Digital Currency Replace Paper Currency in the United States?1. Introductiona. Hooki. Imagine a world where everyone uses electronics or cards to conduct financial transactions? A world where no one exchanges cash or coins for payment for service but a swipe of a fob or press a button, and currency is transferred.b. Preliminary Thesis statementi. In the United States, replacing paper money with digital currency as legal tender will