3/25/2020 0 Comments
An Investigation into the Role of European Central Bank (ECB) in Conducting Monetary Policy for the Euro Zone - Assignment Example A number of measures are present and could be implemented by European Central Bank. However, care has to be taken so as to avoid market disappointment as well as panic among investors. Monaghan proposes six monetary policy measures that can be implemented to save the Euro. First is Banking license, which would involve ECB granting a banking license for the European region permanent bailout fund. If this is implemented it would make it possible for ESM to borrow from the central bank and in so doing become a lender of last resort and help those countries in difficulties but which are essentially solvent. Morrison argues that Banking license could be a way out in cases of credit difficulty but the impacts on the recipients could be disastrous in the long run and thus be making it less favorable as a method of saving the Euro. The second measure is bond purchases which could happen by ECB buying bonds and this must be done on a large scale in order to make the desired impact and bring the costs of borrowing down. ECB has done in the past with minimal results being achieved. Scholars argue that the only way to ensure that the problem does not recur is to ensure that the bond buying is made permanent and unlimited so as to have an impact on the Euro. The third measure is quantitative easing which would be done such that ECB would buy bonds across the region with funds that are newly created thus causing a monetary stimulus. Lenza argues that there are a number of monetary measures for exceptional times and quantitative easing is a good measure to save the Euro at this time. The fourth measure is a liquidity boost in order to allow more money to circulate in the economy. This as a measure is only good in the short term as increased liquidity could lead to inflation and thus care has to be taken while using this approach.
Double the Dose "Youz a hooooo! HO! Youz a hooooo! HO! I said dat youz a ho," screams the rapper Ludacris from my alarm clock radio at six o'clock in the morning. I slam the snooze button and curse myself for joining the army. I have physical training today. I jump out of bed and hurry to get dressed. Then, I run over to the training site and join the rest of my fellow classmates. These individuals are becoming very special friends to me. We run together; we do pushups and sit-ups together; we force each other to go further than the limit allows us; we yell at one another; and we feel pain together. The thing I love most about the army is that they aren't really supposed to classify us by any of our differences. As they say, we are one team fighting for a common goal. Yet, it was not so long ago that the military opposed of this type of mindset. Only recently has there been an initiative to integrate both sexes in the army. However, the step to combine men and women in the military doesn't necessarily mean that bigot views and generalizations about the female gender are erased. In fact, as much as we would like to believe that we are improving as a society with the amount of laws and restrictions that we have against sexism, in truth, the double standards against women still lurk in the minds of many-unspoken but still heard. After an hour of training, I walk back to my dorm to take a shower and get dressed, but not in my regular school clothes-no way, today's Wednesday, the Battle Dress Uniform Day. I look at myself all the time in the mirror when I get dressed, but whenever it's Wednesday, I don't feel like the beautiful women I am supposed to be. For now, I am a man. No jewelry, hair pulled back, baggy camouflage clothes, and the strange feeling in my heart telling me that I'm being trained to kill. I spend the day walking around campus in my uniform trying to ignore the disgusted or confused looks I get from students. "Is she a dike?" I know many ask themselves because, of course, no 'real' woman would ever join the army. Sometimes I wonder myself if I'm a woman trying to be a man.