Central Bank Argumentative Essays Samples For Students

After the economic crisis broke out in 2008, what economic system is best for the country, especially for the bank, becomes a hot topic between people. According to what we learned from the Great Depression, the British economist John Keynes state that government intervention can help a depressed economy through monetary policy and fiscal policy (Krugmanand Robin). Also, from what Keynes said and from the great depression, it also tells that too much freedom on the market will produce exactly the opposite results. Similar situations as to banks, during the recession, if the government can give the assistance at the moment, ...

Introduction

Financial crisis has become a global issue because it has affected many countries in the world. It is important to understand its meaning in order to know how it has affected the economy of various countries. Financial crisis is a situation in which the financial assets in a country loss value. During this period, the currency becomes unstable (Irving 2009). In this situation, the country becomes affected adversely because financial problems become unbearable for most investors. The main reason for this is that there are no foreseeable returns from the investments made in the country due to hard financial times experienced.
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Part I

The theory of hegemonic stability is a theoretical modification of the common observation in post-world war II international relations. United States control was the key player in the successful world capitalist economy after 1945. Us in the late 1940s possessed not only prestige and unrivaled power, but also it had a purpose. America in three decades had intervened in two destructive wars after which it decide to remodel the formation of international economic and political relations in such a consistent way with its interest and liberal ideals. GATT-based multilateral trade and Bretton Woods international monetary regimes were the main legacies of the ...