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Essay / Research Paper Abstract
This 7 page paper is written in two parts. The first part looks at the quantitative easing and monetary polices seen in the US, UK, EU and China in 2008/9, looking at the amount of money pumped into the relevant economies. The second part of the paper looks at Venezuela with the problem of unemployment and the way this is linked to general economic performance. The bibliography cites 7 sources.
Page Count:
7 pages (~225 words per page)
File: TS65_TEeqquven.doc
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Unformatted sample text from the term paper:
in the domestic currency and foreign currencies. The reserves may be used by the central bank to buy and sell currency, the usual aim is to support the currency value
and manage it so it does not get too strong or too weak. To understand why they buy and sell currency one has to briefly look at why there would
be a desire to manage the exchange rate. If a currency appreciates it will increase the costs of exports which could have a detrimental impact on the aggregate level of
exports. This can have a negative impact on the economy. If the currency is strong, while exports are expensive, imports will become cheaper, and impact which may then have a
further negative impact on the economy as more goods are imported. The opposite is also true, if the exchange rate is low or depreciates this will make exports more attractive
to other countries are they fall in price, but it will make exports more expensive. The buying and selling of currency has an impact on the supply and demand,
so can influence the exchange rate. If the government decides to sell their home currency this will increase the supply of that currency, and in line with supply and demand
equations, will help to reduce the price; where the supply for any commodity increases without a proportionate increase in demand, the price will decrease (Nellis and Parker, 2006). Therefore, by
introducing more concerned the market and making a greater supply available central banks are able to influence exchange rates possibly bringing them down. The opposite is also true, if the
central bank decides to utilise the foreign reserves in order to buy the home currency, they are effectively increasing demand, and will support the price possibly increasing the exchange rate.
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