Role of Monetary Authorities & Depository Credit Intermediation in the Economy of Lancaster County

2009 ◽  
Author(s):  
Rose M. Baker ◽  
David Lynn Passmore
Keyword(s):  
Lancaster County ◽  
Monetary Authorities

Multidimensional Assessment of Economies by the Level of Sovereign Risk Premium

2020 ◽  
Vol 2020 (2) ◽  
pp. 3-27
Author(s):  
Sergey Drobyshevsky ◽  
Pavel Trunin ◽  
Lyudmila Gadiy ◽  
Mariya Chembulatova
Keyword(s):  
Monetary Policy ◽  
Risk Premium ◽  
International Market ◽  
Developed Countries ◽  
Credit Default Swaps ◽  
Sovereign Risk ◽  
Political Risks ◽  
Credit Default ◽  
Monetary Authorities

The analysis of the international market for credit default swaps (CDS) shows that the interdependence of sovereign CDS spreads is increasing and the market remains segmented. However, the reduction in the variation of sovereign CDS spreads means increased competition for capital and should be taken into account by monetary authorities of developed countries when they tighten monetary policy. The article shows a significant role of political risks in determining the level of sovereign risk.

Engaging Employers and Business in the Hiring of Individuals with Criminal Records

2014 ◽  
Vol 45 (4) ◽  
pp. 15-24 ◽  
Author(s):  
J. Gordon Swensen ◽  
John Rakis ◽  
Melanie G. Snyder ◽  
Randall E. Loss
Keyword(s):  
Criminal Justice ◽  
Criminal Justice System ◽  
Justice System ◽  
Criminal Records ◽  
Recidivism Rates ◽  
Lancaster County ◽  
System A ◽  
Collaborative Community ◽  
Reducing Recidivism

The successful reentry and reintegration of ex-offenders with disabilities will be discussed in terms of barrier removal, employer perception, and an improved relationship with the criminal justice system. A criminal record limits opportunitiesfor employment and without collaborative community supports can increase both recidivism rates and increase costs to an over-burdened criminal justice system. Employer relationships, including outreach, marketing and evidence-based partneringlcollaboration will be reviewed, including a model program from Lancaster County, Pennsylvania that supports the discussion. Special considerations for those with sex offenses will be provided, as well as efforts to eliminate the stigma involved with criminal and/or felony records. The correlation between disability and delinquency in terms of both impairment and vocational impediments is described through three disabilities (TBL Substance Abuse/Dependency, and Mental Illness). The role of the VR counselor in terms of community efforts at reducing recidivism, increasing employment outcomes for ex-offenders/clients, through effective partnerships, can affect significantly both societal and economic improvement, as well as impact overall recidivism, reentry and community reintegration issues for ex-offenders.

scholarly journals China’s Exchange Rate Policy: Forty Years of Reforms and Prospects

2020 ◽  
Vol 64 (12) ◽  
pp. 33-43
Author(s):  
I. Kudryashova
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Policy ◽  
Economic Relations ◽  
Monetary Authorities ◽  
Key Factor ◽  
Rate Policy ◽  
Product Manufacturing ◽  
Market Factors ◽  
State Interference

After four decades of reforms, China has become one of the biggest economies of the world and its exchange rate policy is a key factor in this process. The paper focuses on the conditions that have shaped the directions of China’s exchange rate policy at every stage of its evolution, the measures taken and the results achieved in terms of the policy’s effect on the economic growth and balance of payments. It is shown that active state interference in the exchange market policy in the early stages resulted in the undervalued yuan exchange rate and also encouraged positive dynamics of internal production due to the enhanced national export competitiveness. In subsequent stages, liberalization of China’s economy, its integration in the global economic relations, its bigger contribution to the global product manufacturing and export led to the increased role of market forces in the yuan exchange rate formation. Some practical measures taken in this direction encouraged the balanced yuan exchange rate, lower surplus of current accounts and increase in balance volatility of capital and financial accounts. Currently, the yuan exchange rate is still controlled. China’s monetary authorities mostly use international reserves to regulate the yuan exchange rate. The paper concludes that it is necessary to further increase the influence of market factors in the yuan exchange rate formation and diversification of the yuan stability instruments in order to maintain export growth rates, to develop China’s financial market and to expand the scope and international spheres of the yuan use.

scholarly journals Fiscal Effects of Monetary Seigniorage: A Case Study of Pakistan

1994 ◽  
Vol 33 (4II) ◽  
pp. 1113-1119
Author(s):  
Kalbe Abbas ◽  
Tariq Mahmood
Keyword(s):  
Monetary Policy ◽  
Economic Policy ◽  
Interest Rate ◽  
National Income ◽  
Direct Control ◽  
Monetary Authorities ◽  
The Government ◽  
Macro Variables

The effects of monetary policy on key macro variables have been studied in the literature. In Pakistan most of these studies concentrate on exploring the interdependence of money supply, national income, inflation etc.1 One important, but neglected issue of monetary policy, is its fiscal effects. The fiscal and monetary authorities being parts of the total economic policy machinery, the role of monetary instruments in achieving fiscal objective should not be ignored. In countries like Pakistan where the central bank is under direct control of the government, fiscal policy is often made under the assumption that the monetary policy will be adjusted accordingly.2 There are a number of ways in which monetary policy may lead to fulfilment of some fiscal objectives. These include devaluation, change in interest rate and change in monetary base.

scholarly journals Managing Foreign Exchange Inflows: An Analysis of Sterilisation in Pakistan

2005 ◽  
Vol 44 (4II) ◽  
pp. 777-792
Author(s):  
Asad Jan ◽  
Ather Elahi ◽  
M. A. Zahid
Keyword(s):  
Foreign Exchange ◽  
Capital Inflows ◽  
Exchange Market ◽  
Foreign Exchange Reserves ◽  
Local Currency ◽  
Monetary Authorities ◽  
Export Competitiveness ◽  
Capital Outflows ◽  
Trade And Exchange

A number of developing countries from Asia, Latin America and Eastern Europe have experienced surge in capital inflows during recent years.1 These inflows have potential effects on macroeconomic stability; export competitiveness, and inflation. If not properly managed, these inflows can induce appreciation of local currency leading to serious repercussions for the rest of the economy. Under these conditions, the proactive role of monetary authorities in the management of capital inflows was highly desirable, wherein they intervened in the domestic exchange market in order to contain volatility in exchange rate besides accumulation of foreign exchange reserves. The main instruments available to deal with the possible effects of large capital inflows include sterilised intervention, fiscal tightening, trade and exchange liberalisation including easing controls on capital outflows. The foreign exchange interventions are typically accompanied by active sterilisation policy to keep inflation under control.

scholarly journals Analiza perspektyw rozwoju bitcoina w kontekście możliwości pełnienia funkcji pieniądza

2016 ◽  
Vol 16 (2) ◽  
pp. 153
Author(s):  
Tomasz Kopyściański ◽  
Marzena Franków
Keyword(s):  
Virtual Communities ◽  
The Internet ◽  
Innovative Technologies ◽  
Goods And Services ◽  
Current State ◽  
Monetary Authorities ◽  
The Subject

Innovative technologies and the emergence of virtual communities create new types of transactions and the accounting methods that go beyond the current state of knowledge in economics and existing legal solutions. These virtual communities create and distribute their own medium of payment for the exchange of goods and services, thereby providing a means of payment in which emissions or circulation central monetary authorities are not involved. The reasons behind  the emergence of cryptocurrencies are not only the shortcomings of the traditional currency system which was unable to face numerous crises, but also the development of the Internet for which cryptocurrencies can prove to be a better suited form of money. Unfortunately, they stir much legal controversy with the effect that their users are exposed to significant legal and economic risk.Therefore, the subject of research presented in the article is to analyze the economic substance of Bitcoin. The main objective in this area is to assess the role of Bitcoin in terms of capacity to serve as money.

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