Importance Of Freedom Of Speech - 1455 Words

Democracy is founded on the belief that every citizen has an equal say in all matters of life and government affecting them. Even before democratic governments were formed, civilizations would come together with different ideas and cultures to unite in the common goal of helping each other grow as a species. Through this unification process civilizations were able to adapt to challenges and advance their technology faster than ever before. Sometimes an agenda or belief becomes split amongst several parties and differences of opinions can create a less than cordial argument about what is right and what is wrong. It is in these moments of confrontation that the importance of free speech becomes essential to finding a resolution that fits the†¦show more content†¦In 1791 the first Amendment was introduced guaranteeing the freedom of religion, press, assembly, and speech. The most common abuse of free speech is when it is used as a means to verbally attack someone personally or a subject inappropriately. All too often racial slurs are yelled out or homophobic insults directed towards someone even though these statements have nothing to do with the topic at hand. It seems that belittling someone for something they can’t change is one of the go to ways of â€Å"expressing† free speech. Catherine Rampell from the Washington Post states; â€Å"For example, when students were asked whether the First Amendment protects â€Å"hate speech,† 4 in 10 said no. This is, of course, incorrect. Speech promoting hatred — or at least, speech perceived as promoting hatred — may be abhorrent, but it is nonetheless constitutionally protected† (Rampell A Chilling Study Shows How Hostile College Students Are Toward Free Speech). Having a different opinion is beneficial; it creates debates which allow the flow of clear and factual information to pass between the debating sides, but when you begin to belittle a person and make it a perso nal battle you lose sight of the actual goal. Secondly, it creates intolerance or animosity towards the opposing side due to the lack of empathy. More often than not you share more similarities than differences with the opposing side on separate subjects or ideas of what’s right and wrong. By simply taking a moment to stepShow MoreRelatedSpeech : Importance Of Freedom Of Speech1116 Words   |  5 PagesTopic/Title: The Importance of Freedom of Speech General Purpose: I want to inform my audience Specific Purpose: I want my audience to understand the importance of freedom of speech. Thesis: Freedom of speech is important because it allows new ideas to surface, encourages the development in social relationships to prosper, and it permits for the truth to prevail. Introduction A. Attention getter There is a famous written saying that adheres to the attitude of every important figure throughoutRead MoreThe Importance Of Freedom Of Speech979 Words   |  4 Pagesthe most cherished one: the freedom of speech. Freedom of speech gives citizens the right to express their own opinions publicly without government interference, violating laws, or inciting any kind of violence or rebellion. However, the first amendment does not mean anyone can simply say whatever they want. There are several topics that are strictly scrutinized by law and there are even some situations in which freedom of speech is lawfully restricted. Freedom of speech is an extremely important partRead MoreFreedom Of Speech : The Importance Of The Freedom Of Speech1039 Words   |  5 PagesFreedom of speech is a right protected by the First Amendment. According to the administrative office of the United States Courts (n.d.), the First Amendment states that, â€Å"Congress shall make no law... abridging freedom of speech.† Freedom of speech is arguably one of the most cherished American values in the First Amendment. As defined by an online unabridged Dictionary (n.d.), The rights covered by freedom of speech include the right to express opinions publicly without governmental interferenceRead MoreThe Importance Of Freedom Of Speech1192 Words   |  5 Pagesamendment of the United States’ Bill of Rights states â€Å"Congress shall make no law... prohibiting the free exercise thereof; or abridging the freedom of speech,†. Freedom of speech tends to be the most appreciated part of this amendment, while also causing the most anger. Most hate speech is protected under it, causing loads of controversy of the years. If the speech is not active fighting words threatening the livelihood of somebody, you’re allowed to say whatever you want. A landmark case in confirmingRead MoreThe Importance Of Freedom Of Speech878 Words   |  4 PagesFreedom of speech is a basic fundamen tal human right. Whether or not on a college campus, people (especially college students) should have the right to speak freely. Everyone does have the right to speak freely, because it is one of the twenty-seven amendments. Colleges all around the United States are now home to many restrictions on free speech. For example, the idea and use of â€Å"free speech zones† has made its way to colleges everywhere. A â€Å"free speech zone† is a sidewalk sized place where studentsRead MoreImportance Of Freedom Of Speech778 Words   |  4 Pagessomeone referring to Freedom of Speech, what comes to your mind? How far should Freedom of Speech go for you or others? And when you see someone practicing Freedom of Speech, do you actually support it? In today’s society, some of us forget what Freedom of Speech actually is and how far it is actually extended. Freedom of Speech means, the right to express any opinions without censorship or restraint. Freedom of Speech is protected under the First Amendment. Freedom of Speech includes but is notRead MoreThe Importance Of Freedom Of Speech1526 Words   |  7 Pagesthem listed in our constitution in the 1st amendment is the right to freedom of speech. However, like many liberties, freedom of speech is not absolute under the supreme law of land. What this means is that yes we do have freedom of speech, but it is not protected by the government if it includes obscenity, defamation, fraud, incitement, true threats and speech integral to already criminal conduct. White, K. (2017, June 08) Speech is an important part of our democracy, it gives us the right to speakRead MoreThe Importance Of Freedom Of Speech1394 Words   |  6 Pagesconstitution states â€Å"Congress shall make no law [...] abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and t o petition the Government for a redress of grievances.† However, the right to freedom of speech has limits, including violence, inciting a riot, libel or slander and yelling fire in a theatre. At a private company, such as the NFL, there are even more limits to this freedom, depending on the organization’s terms and conditions and any contractsRead MoreThe Importance Of Freedom Of Speech956 Words   |  4 Pagesdiscussed on campus to protect their students, but this hinders the quality of the students learning. Public college campuses should not safeguard student’s free speech by providing safe spaces, presenting trigger warnings, or controlling who speaks on campus.   Ã‚  Ã‚   All students attending public colleges should be allowed the freedom of speech and not be shielded from what college officials deem necessary to censor. Colleges that provide safe spaces, physical places students can go to openly discuss controversialRead MoreThe Importance Of Freedom Of Speech1374 Words   |  6 Pages Freedom of speech is defined as â€Å"the political right to communicate ones opinions and ideas. The term freedom of expression is sometimes used synonymously, but includes any act of seeking, receiving and imparting information or ideas, regardless of the medium used.†. It is a constitutional right under the first amendment. However, does freedom of speech really mean freedom of speech, or is it limited? Freedom of speech is the ability to speak without censorship or limitation. Also called freedom

The Shakespearean Sonnet Essay - 639 Words

Shakespeares language and dialogue signifies a range of human emotions and conditions that are timeless and explain his broad appeal even today. He is highly regarded for his love sonnets which convey an unchanging attitude and consummate romantic imagery that will always exist in the world as long as there are people. He has created words, phrases, and clich#233;s that have become so intrinsic in English language, that many people do not even know they are actually quoting him. Shakespeares Sonnet Let me not to the marriage of true minds is a perfect example of this and one of the most beautiful love poems of all time. The subject is the immutability of true love. In this sonnet, the author defines love first by telling us what†¦show more content†¦Metaphorically, Shakespeare compares love to a motionless pathfinder which withstands the storm and is not swayed by it, and to a polestar which guides mariners at sea. The ship tossed in the storm, and the star that guides its way are images of great beauty and depth of feeling. The lost ship speaks to each and every individual lost in the sea of our own emotions. The star can be thought of in the astronomical as well as the astrological or metaphysical sense. Although the stars altitude can be measured, its value is immeasurable. The height or altitude is its scientifically calculable measure but the worth is unknown. Shakespeare repeats words to strengthen his proclamation of the immutability of true love. In lines 2-3, Love is not love which alters when it alteration finds, is echoed in line 11, Love alters not with his brief hours and weeks. The word bends in line 4 recurs later in the bending sickle of Time, and the image is so clear of the flower-like charm being struck down by Time. Time, says Shakespeare, cannot injure true love, although it does ravish beauty. Again, to say it the other way round, if feeling wanes with the passage of Time, then it isnt really love. True love lasts, not only til death do us part, but until the end of time. The concept of living forever through poetry is echoed in the sonnet Not Marble, Nor the Gilded Monuments, that through the poem itself, as through all great art, Love is immortalized. ShakespeareShow MoreRelatedSonnet s Sonnet : Sonnet And Shakespearean895 Words   |  4 PagesHowever, I realize that is not true after I learn about sonnet in the class.._______________ Usually, sonnet use rhyme a lot. There is two major pattern of rhyme on sonnet: Petrarchan (or Italian) sonnet and Shakespearean (or English) Sonnet. Both of sonnets have different pattern of rhyme. More intro A poem consisting of a single stanza of fourteen lines, the lines are mainly iambic pentameter and linked by an intricate rhyme scheme. A sonnet is a poetic form, which originated in Italy. It is a EuropeanRead MoreFar On The Sands : A Shakespearean Sonnets1536 Words   |  7 Pagesnature. While the sonnets share a setting and the topics of nature and tranquility, Smith’s has a focus on introspection and Wordsworth’s is centered around religion. These have different focuses which achieve different effects on the reader. One of the ways that the two poems differ is in structure. While both are sonnets, Smith’s poem is a Shakespearean sonnet and Wordsworth’s lacks traditional structure. In â€Å"Far on the sands,† Smith utilizes the form of a Shakespearean sonnet to enhance its themeRead MoreComparison: Petrarchan and Shakespearean Sonnets1188 Words   |  5 PagesThrough the form of sonnet, Shakespeare and Petrarch both address the subject of love, yet there are key contrasts in their style, structure, and in the manner, each approaches their subjects. Moreover, in Sonnet 130, Shakespeare, in fact, parodies Petrarchs style and thoughts as his storyteller describes his mistress, whose eyes are in no way as the sun (Shakespeare 1918). Through his English poem, Shakespeare seems to mock the exaggerated descriptions expanded throughout Petrarch’s work byRead MoreComparing the Sonnets of Petrarchan and Shakespearean in Style, Structure and Subject Approach1180 Words   |  5 PagesShakespeare and Petrarch, two poets popular for their contributions on the issue of love, both tackle the subject of their work through sonnet, yet there are key contrasts in their style, structure, and in the way, each approaches their subjects. Moreover, it is clear that in Sonnet 130, Shakespeare in fact parodies Petrarchs style and thoughts as his storyteller describes his mistress, whose eyes are in no way as the sun (Shakespeare 1918). Shakespeare seems, by all accounts, to mock the exaggeratedRead MoreImagery and Personification in Robert Frost ´s Poem: Mowing682 Words   |  3 PagesRobert Frost was a poet known for his writings that depicted the rural lifestyle of New England around the turn of the century. In this sonnet, Frost brings our interpretation and understanding of the life of a farmer working his field to a much deeper level. Frost’s Mowing, without following the style of a Petrarchan or Shakespearean sonnet, employs the figurative techniques of personification and imagery in order to break down a farmer’s monologue and tell us how working the field is a good, rewardingRead MoreAnalyzing Sonnet 18 961 Words   |  4 Pagesyou still probably know this famous poem. Sonnet 18 by William Shakespeare is one of the most well-known poems of all time. Time and time again this piece of art has influenced contemporary pieces. Some examples of this would be; the song â€Å"Sonnet 18† by Pink Floyd, a novel titled The Darling Buds of May by H E Bates, and a famous essay â€Å"Rough Winds Do Shake† written by Maeve Landman. Now this doesn’t not include the endless, countless list of times when Sonnet 18 has been quoted throughout history,Read MoreWilliam Shakespeare s Sonnet 116981 Words   |  4 Pagesproduced. â€Å"To the world, he left a lasting legacy in the form of 38 plays, 154 sonnets, and two narrative poems† (â€Å"The Life of William Shakespeare†). William Shakespeare’s play s, sonnets, and narrative poems are still appreciated and read today. One of his famous works is his sonnet, Let Me Not to the Marriage of True Minds, which is also referred to as sonnet 116. Sonnet 116 was first published in the year 1609. In his sonnet Let Me Not to the Marriage of True Minds, Shakespeare’s use of end rhyme, iambicRead More Shakespeares Sonnet #73 Essay787 Words   |  4 Pages Shakespeares Sonnet #73, published in 1609, is written in the Shakespearean or English sonnet style. It consists of three quatrains and one couplet at the end, written in iambic pentameters. Each quatrain has its own rhyme scheme, rhyming in alternating lines. The couplet summarizes the preceding twelve lines. Sonnet 73 appears to contain multiple parallels to death and the person speaking in the poem gives the impression that he is near death and reflecting back upon life. The first quatrain,Read MoreThe Sonnet Is Derived From The Italian Word1662 Words   |  7 Pagesword sonnet is derived from the Italian word â€Å"sonetto† meaning â€Å"little song†. The history of the sonnet can be traced back to Italian origin where it influenced the rest of the world becoming a widely used strict poetic form for famous sonneteers. The sonnet sprung around the 13th century, according to the Folger Shakespeare Library it became significant in Italy when Francesco Petrarch first used it. This essay will discuss the Petrarchan sonnet, Spenserian sonnet and the Shakespearean sonnet. WeRead MoreWilliam Shakespeare s Sonnet 181231 Words   |  5 PagesShakespearean sonnets are famous for conveying the most famous of love poems; they consist of three quatrains that are written in iambic pentameter. Shakespeare deviates from the regular iamb pattern of one unstressed syllable followed by a stressed syllable to represent the effect of time and how it is limited by mortality. William Shakespeare’s Sonnet 18 illustrates the theme of immortalization and how Shakespeare eternally captures his love for poetry. It is in his ability to immortalize his

Effectiveness of Monetory Policy Free Essays

Various studies have reflected the existence of a positive relationship between the increase of money supply and the level of inflation. Generally, this is reflected by the continued rise of prices of the various products. A situation ensues where excess amounts of money tend to be chasing too few goods. We will write a custom essay sample on Effectiveness of Monetory Policy or any similar topic only for you Order Now In this perspective, this study tested on whether monetary policy is an effective tool in the combating of inflation and ensuring price stability. The first and foremost objective of the central bank is to formulation and implementation of the monetary policy for maintaining the values of local currency. Otherwise the living standard of the general people may go down. This study finds out the money supply has a direct impact on the level of inflation. Statistically, money supply has a statistical significance on the level of inflation in the country. Thus, monetary policies aimed at controlling the amount of money supply in the economy, have a tremendous impact on controlling the level of inflation 2. Objectives of the Study The objectives of the study revolved around exploring the significance and the suitability of the monetary policy in realizing macroeconomic goals. Some of these macroeconomic objectives included price stability, economic growth, full employment, and a favorable balance of payment. 3. Specific Objective Find out the effectiveness of monetary policy in ensuring price Stability preserving the value of local currency by combating of inflation. 4. Introduction Since time immemorial, inflation has always been an issue of extreme sensitivity. This accrues to the fact that a case of inflation has overall effect on the prices of commodities. An instance of spiraling, uncontrollable inflation is usually a sign of impending catastrophic doom. Thus, the control of monetary policy has turned out to be an essential function of all governments in the world. Inflation does not necessarily have to be reflected a continued increase in the prices of commodities (hyperinflation), the vice versa can also be a reflection of inflation (deflation). However, both situations are more than unhealthy for the economy. In most economic situations, the major reasons for the inception of inflation are a culmination of excessive demand for products. The necessary economic policy would thus be entrenched on looking at the causes of an unnecessary rise. This way, they can thus be able to come up with the right measures that can aid in controlling the existing verbal demand in an economy. To this end, various researchers have established the ability of monetary policy as a tool for controlling inflation. All over the world, in diverse economies, monetary policy has been seen as an approach to effectively control inflation. This is reflected by the ability of monetary policy in controlling the rise in demand by an increase in the available rates of interest. In addition, monetary policy reduces the existing real money in the economy. A rise in the interest manages to bring an overall reduction in collective demand in an economy. To this end, this Essay aims at looking at how effective monetary policy as a tool for ensuring price stability. 5. Background Analysis Monetary policy is defined as a public interventionist action that aims at manipulating the level and array of economic activity so as to accomplish specific, desired goals. Specifically, monetary policies are aimed to work fewer than two economic variables that affect the level of inflation in an economy. The two aggregate variables are supply of money in circulation and the respective interest rate in an economy. Monetary policy is among the few tools that a national government can utilize to control the economy using the given monetary authority in the control of the supply and availability of money. Controlling the availability, leading to a control of access, ultimately influences the demand of products. The law of demand ultimately reflects that an increase in demand for products of products leads to an increase in prices. Demand is in turn influenced by the availability of money in the economy. Thus, direct or indirect control of money leads to an ultimate control of inflation. In most instances, governments try to influence an overall level of economic activities to be in line with individual objectives. Some of these objectives include socio cultural, political, economic, and technological objectives. Generally, the main aim of governments is the existence of a macroeconomic stability. Usually, macroeconomic stability encompasses stable prices, economic growth, full employment, balance of external payment, and development in a country. Generally, it is the Job of the central bank of any nation to come up with, and implement, monetary policies that aim at achieving stability in the expected price level of products in a country. However, the major aim is to attain stability in prices so as to be able to sustain the existing value of the currency in a particular country. All economies of the world endeavored to create a central bank as a means of safeguarding the value of individual currency. In the case of integrated economies, there exist geographical banks and one major bank for the respective organization. For example, various American states have federal banks to check on their currency. In addition, an overall control is exhibited by the Central Bank of America. In addition, monetary policy is a major tool exploited in a battle of preserving a runners in an economy. 6. Literature Review Theory has proposed several ways in which inflation can be combated; this essay is concerned with the literature that led to the use of such instruments and policies. To enable us understand the prepositions made the study analyzed several theories: 7. The Classical Quantity Theory of Money This theory was developed by Irving Fisher. Fisher took the view that money was only used as a medium of exchange to settle transaction involving the demand and supply for goods and services. The quantity theory of money can be developed to a theory of price levels. Since NV=APT Where V – Velocity of circulation M -Money supply p _ price T -Quantity of transactions Assuming that V and T are roughly constant, P will vary directly with increase or decrease in the amount of M and it changes in money supply (M) that causes the prices (P) to change, not changes in price that cause the changes in supply is assumed to be constant as the economy in question is assumed to be operating at full employment. If the velocity of circulation is more or less constant than any growth in money supply (M) over and above the potential of the economy to increase, T will cause inflation. This is then consistent with the monetary policy to curb inflation by controlling the money supply in the economy as it leads to inflation. A further notable feature in this theory is that the government monetary policy should allow some growth in money supply if the economy is growing but not let the growth in money supply to get out of hand as if output in the economy (T) is growing and the velocity of circulation (V) is constant then a matching growth in the money supply of money is needed to avoid deflation. . The Monetarist Policy Theory Monetarists argue that since money is a direct substitute for all other assets, an increase in the supply of money supply, given a fairly stable velocity of circulation, will have a direct effect on the demand for other assets since there will be more money to spend on those assets. If the total output of the economy is fixed, then an increase in the money supply will lead directly to higher prices. Monetarists therefore reach the same conclusion as the old quantity theory of money that a rise in money supply will lead directly to a rise in prices and probably also too rise in money incomes, an increase in real output and so an increase in employment. In the long run however, they argue that all increases in the money supply will be reflected in higher prices unless there is a long term growth in the economy. Monetarist school of economic thought contended that money supply is a key determinant of the level of production the short run and the rate of inflation in the long run. In order to minimize uncertainty monetarist advocated for the maintenance of a constant rate of growth of money supply. Developing countries have depended on monetary policy in order to achieve price stability, economic growth and development, positive balance of payments and full employment. To contain any reduction in GAP the Central Bank adopted a selective credit control and special attention was given to the interests of marginal traders and productive agents in Agriculture. 9. Tools of Monetary Policy : There are three tools of monetary policy for which the value of money changes. For ensuring price stability monetary policy has to focus on these three tools. Monetary Policy of Bangladesh Bank The aim is to achieve the twin goals of containing inflation and promoting sustained and stable economic growth; provide policy advice to the Government on deficit managing and public debt management; manage the balance of payments and foreign exchange reserves; provide payment services and ensure the stability of the financial system; conduct treasury and government securities related operations; and efficiently perform other international financial activities. Financial Sector Developments Critical activities cover the development of the financial systems; provide effective prudential supervision; ensure information access, market intelligence, and contingency planning to avoid systematic risks; assist banking and financial entities o become efficient and competitive; discover new modalities for delivering agricultural and industrial term credit; enhance the access of small and medium enterprises to investment funds; further develop the market in public and private debt and risk capital; and promote measures for inclusion of people hitherto bypassed in formal financial systems. In addition, the Bangladesh Bank will continuously adopt necessary measures for taking a proactive stance in decision making; compiling relevant statistics and conducting high quality and timely economic research to review the country financial and economic conditions to purport decision making; ensuring efficient and professional management of Bib’s human and financial resources; and establishing Bib’s distinct identity based on its values and strategic roles. In order to uphold the mission, Bangladesh Banks aim would be to provide the required leadership by discharging its duties in a manner that shows a clear vision, is watchful, far-sighted, intelligent and responsive based on an effective and efficient communication strategy. At all times, Bib’s aim would be to remain committed, efficient, capable, logistically supported, speedy, focused, and aggressive where necessary in order to ensure that the Bangladesh Bank always remains a credible and prestigious institution with an efficient organizational structure committed to achieving its goals. 9. Interest rate policy This arises where the central bank increases the rate of interest rates for borrowing funds. This instrument is most applicable in cases where banks turn to the central banks as an avenue of securing funds. The rates that can be increased include the overnight borrowing rate. This tends to discourage borrowing which then end up reducing the rate of inflation in an econ omy. So interest rate is a crucial important to sustain the price stability. Comparison of Interest Rate in Bangladesh Source: 1 . Statistics Department, Bangladesh Bank for Scheduled Banks Weighted Average Interest Rate. . Debt Management Department, Bangladesh Bank for Weighted Average Call Money Market Rates. 9. 2 Inflation Targeting This is an economic monetary inflation policy aimed at achieving a specific level of inflation in the country. This involves the setting of a certain level of inflation by the central bank, and then working towards achieving the given level of inflation. This is usually done through the utilization of interest rate changes and other monetary tools. Despite the embracing of the above monetary policies, many countries still find themselves being faced by extreme inflation rates. The rates end up eroding the value of the specific currency. A devaluation of currency ends up creating an unfavorable balance of payment and hence accumulation of debts and deficit budgets. In this perspective, third world countries continue to remain poor despite their rigorous endeavors aimed at escaping the unfavorable economic situation. In mimes of political tumult, monetary policy also tends to be ineffective in cases of political turmoil. The matter is further aggravated when political instability combines with economic shocks. This leads to a culmination of extreme inflation being witnessed in a country. An epitome of this was witnessed in Bangladesh during the period of Care taker Government of 2007-2008. The prices of basic commodities soared to the extent that they were virtually impossible to the average man. In addition, the monetary policies set out to correct out the situation ended up being ineffective in the control of the ensuing inflation. Economic shocks such as depressions, recessions, and booms also render monetary policies ineffective. This was witnessed during the 2008/09 economic recession all over the world. During the recession, major world economies faced harsh circumstances despite having well formulated monetary policies in place. The available strategies failed to stir the economy back to stability. 9. 3 Foreign Exchange Valuation Figure of Inflation Rate in Bangladesh A method for providing an interface for Foreign Exchange trading centered on a Foreign Exchange rate and this rate is an important factor of value changing of money. So the foreign exchange rate is an important factor for monetary policy. Comparative Figure of exchange Rate in Bangladesh 10. Monetary Policy Instruments: There exist a variety of monetary policy instruments through which the central bank controls/ maintains general price level. Some of these tools include the following: 10. 1 Open Market Operations: Open market operations refer to the sale or purchase of securities. The transactions usually take place in the open market of the central bank. This instrument usually targets the available cash balances of commercial banks and other non bank institutions. The available balances are checked in relation to excess reserves available at the central bank. The major aim of this tool is the attainment of a predetermined level of reserve money. A situation of influenced commercial bank lending ensues hence an overall control of money supply in the economy. 10. Ii. Setting the bank rate: Central bank sets a bank rate for its borrowers. To maintain the general price level, central bank changes the rate time to time. If it wants to take the additional money from the market, it rises the interest rate on the other hand if there is shortage of money in the market it reduces the rate to make balance and control the price level. 0. Iii. Adjusting Reserve Ratio Reserve Ratio is also known as liquidity asset ratio is defined as the proportion of total assets being held by a bank. Every commercial bank has to maintain a reserve of liquid money to the central bank which is called SSL (Statutory Liquidity Ratio). This is usually in the form of liquid assets and cash. This instrument is effective since it manages to indiscriminately affect all banks. Also, the method tends to be directly established and the effects of its implementation are felt soon after its inception. The intended purpose of the tool is usually to create a situation where a banks free cash base is reduced. This reduces a banks ability to give out loans and advances and creates an overall reduction of availability of money. The reduction of excess money supply ends up curbing prices and inflation. 10. Lb. Moral Suasion It is one of the qualitative instruments of controlling general price level through persuasion at a moral sight not to disburse more loans to the particular bank. Persuasion not to give out loan to the any particular sector to control money supply . 10. V. Certain Margin Requirements Every importer has to keep a certain margin at the time of opening any LLC to the commercial banks to import goods from foreign countries. This marginal money becomes locked up to the bank until the goods are imported and the transaction is settled. This margin level is determined by the central bank and trough setting up new margin requirements central bank can maintain the general price level. 10. V’. Selective Credit Control These instruments prevail on the quantitative measure of credit control that strives at encouraging selective essential sectors of the economy while at the same time discouraging others. In one such instance, the Central Bank of Bangladesh, Bangladesh Bank can ensue to restrict government borrowing up to a given extent. Normally, the given legal limit is 5 percent of the most recent audited government ordinary revenues. Usually, this aims at reducing a case of excess government expenditure. A case of excess government spending leads to a situation of inflationary crisis. 1 1 . Failure of Monetary Policy in Developing Countries Despite the widespread success of monetary policies, there exists a tendency of failure of the policy in developing economies. The failure can be attributed to a yard of reasons. Some of the reasons include the following: I) In developing economies, markets and financial institutions tend to be highly disorganized. The lack of well developed capital and money markets and a limited quantity and range of financial assets creates and atmosphere that leads to the failure of monetary policy. It) In some instances, monetary policies end up being misused by the authorities. This leads to a situation where the monetary policies fail to address the situation at hand. Ii) In third world countries, commercial banks tend to have excess funds due to lack of viable projects and borrowers. This reduces the sensitivity of their cash base. In this case, the effectiveness of open market operations ends up being severely limited. Iv) The existence of high levels of corruption ends up rendering some instruments like selective credit control to be ineffective. V) Illiteracy in the developing countries ensures that individuals ha ve little or no knowledge on the working of monetary policy. This reduces the effectiveness of monetary policy. Ii) Most individuals in developing countries prefer personal storage of money as opposed to bank deposits. This ends up reducing the effectiveness of Central Bank’s endeavors 12. Conclusion To establish the effectiveness of monetary policy as a tool for combating inflation, The variables investigated were the level of inflation, commercial banks interest rates, money supply and the foreign exchange rate (measurable in dollars) and money supply was found out to be most significant factor affecting the rate of inflation. When money supply increases by one hundred billion the rate of inflation increases by 5. 478 . This being so, then it means that any increase in money supply should be managed to a level that allows the economy to grow and also high enough to avoid fellatio (a situation where the prices are falling) This is due to the fact that, if money supply is zero and the other factors are also zero, there will be a deflation of 18. 042. This means that the economy is not growing hence adversely affects the other objectives of macroeconomics. Also, it is evident that there exist a positive relationship between increase in foreign exchange rate and the rate of inflation; when the currency depreciates at a rate of one, inflation increases at a rate of 0. 233. Therefore efforts should be made to avoid any rise in foreign exchange or any appreciation in the domestic currency. Also, this research showed that there exist a negative relationship between the rate of inflation and the commercial banks interest rates. When the commercial banks interest rates increase by one percent, the rate of inflation reduces by 0. 84. Thus, increase in interest rates is one way of controlling the rate of inflation. However, the rates of interest should be managed at a level that does not hurt investments as high interest rates hinders investments and this leads to poor economic growth hence it adversely affects the other macroeconomic objectives. Apart from the macroeconomic variables discussed above it is also evident other factors influence the rate of inflation. Some of these factors include political instability, tribal clashes, international financial crisis (recession and depression ) amongst others. Inflation targeting (where the monetary authorities set a certain target and manages the macroeconomic variables towards achieving that inflation rate) as policy should also be used as this has shown positive results in some parts of the world such as South Africa. Thus, monetary policy, as a tool for controlling inflation, is effective How to cite Effectiveness of Monetory Policy, Papers

Housekeeping Performance for Professional Skills - myassignmenthelp

Question: Discuss about theHousekeeping Performance for Professional Skills. Answer: To Mr. Guillaume Resort Manager Company Subject: Action Plan Suggesting Recommendations Regarding Housekeeping Low Score Dear Sir, This is to inform you that I regret the recent low ratings and negative reviews our company has been receiving since the last few days and I understand the present inability of the housekeepers to offer satisfactory service to the consumers. However, it is clearly evident that despite all the efforts, most of the housekeeping staffs are unable to perform their duties properly. I am glad to inform you that I have been able to chalk out an action plan that can solve the problem. In order to enhance and groom the professional skills of the employees, I suggest am action plan, which I wish to be implemented within a couple of days. Kindly go through the action plan attached below and approve the same so that it can be implemented with no further delay. In case of any further assistance, do not hesitate to contact me. Thanks and Regards Name Designation 14.8.17 Action Plan: Action Type Action Objective Time-Scale Resources Arrange an interactive discussion with the housekeepers explaining them about the low ratings, and announcing incentives on good ratings and reviews. This will help the management authority remind the employees about the importance of client satisfaction in business, as well as to motivate them to satisfy the employees as much as possible. 6 months Time Money Soft skill employee training will be provided to the employees so that they can keep on interacting with the clients and the clients also find them approachable. This will develop the soft skills of the housekeepers such as their communication skills making them more guest-friendly and approachable to the visitors. This will help in improving the performance of the housekeepers. 2 months Money Training Providing Organization Time management training program to help the housekeepers accomplish all their tasks without missing out on the most urgent duties they are required to attend. This will help the housekeepers stay learn to manage the time more efficiently and work productively helping them to handle emergencies in time. 1 month Money Time Training Providing Organization Senior employees for in-house training. Professional training should be organized for the employees so that the employees can learn to serve the clients better. This will help the employees cater to the varying needs of the visitors in the most effective way, by providing them guest service, luggage service, emergency guest service round the clock, as and when required. 2 months Money Training Providing Organization