The International Implications of Competitive Monetary Expansion and Assignment

The International Implications of Competitive Monetary Expansion and Currency Devaluation - Assignment Example It is important for the Indian economy to stabilize its currency in the long run to remain attractive for foreign investments. This can be achieved by direct intervention of Central Bank in the Forex market. Other efforts to stabilize the currency include liberalization of the interest rates and limiting intra-day limit of foreign dealers. Another way to boost the economy is to improve trade balance. This can be done by raising subvention for small and medium term exporters to increase the level of exports. Use of hedging strategies on part of the importers and exporters could minimize losses arising from the exchange rate. Also in respect to the Indian market, it has been observed that the depreciation of rupee has not been passed on to consumers, as majority of the items like, cooking gas, kerosene and fertilizer, are subsidized. Hence, removal of subsidies will help the government to pass the costs to people in order to discourage imports of these items. The fiscal deficit of the government is likely to reduce if higher price of energy is passed onto consumers, thereby bringing down the prices for energy imports. Finally, the government can create favorable environment in the country for the purpose of attracting FDI. FDI has been identified as a credential source of funding for most emerging countries like, India and China. Therefore, proactive liberalization of FDI in the Indian economy will be helpful in attracting investors. Enhancing freer investment in sectors, such as, retail, can help to draw in fresh investments in the economy. 13 Tapering monetary policy adopted by many developed nations is putting pressure on the emerging countries. On December 2013, the Federal Reserve Bank of the U.S.A. announced that it would begin to lower bond purchases by $10 million on a monthly basis. Since announcement of this news, the emerging economies began to feel weight of the probable consequences of this action. Possible

President Barack Obama, the war power, and executive orders Essay

President Barack Obama, the war power, and executive orders - Essay Example From this paper, it is clear that executive orders are used by presidents to promote civil rights and in emboldening or discourage regulation by federal agencies. Both Presidents Barack Obama and President George W. Bush have observed that the executive order has progressively become a powerful political weapon. The executive order has been used in pushing through regulations and this may end up being a political worse crisis. President’s executive orders are derived from Article II, section 1 of the America constitution specifies that the president has the executive power "He shall take care that the laws be faithfully executed†. Executive orders in my perception are controversial because the through the executive order the president can make a major critical decision. The excises executive order by presidents run against the general logic of the constitution that says clearly that no one should have the power to act unilaterally. The executive order has a drawback for it undermines the trusted system of check and balance, giving rise to unjustifiable acts by the executive branch which may use it to safeguard their personal interests rather than national interests. For this reason, executive orders are considered too inappropriate in democratic and civilized country like the United States. Therefore, it is essential for the three arms of government to acts as a watchdog of each other thus enabling democracy to triumph without being hindered by the presidency through executive orders.