In the current world economic environment,the International Monetary Fund(IMF) has the function of stabilizing financial situation and economic growth.Since the end of the World War II,the IMF has aided many countries...In the current world economic environment,the International Monetary Fund(IMF) has the function of stabilizing financial situation and economic growth.Since the end of the World War II,the IMF has aided many countries and regions during their financial crises.Though no one denies the key roles of IMF on these aspects,the "prescriptions" made by the IMF in order to respond to these crises have brought many criticisms.We must see the disadvantages in IMF while admitting its positive impact.展开更多
Small and medium-sized enterprises(SMEs)constitute the primary drivers of production within the nation’s existing enterprise landscape.They represent the most dynamic segment of the national economy and play a pivota...Small and medium-sized enterprises(SMEs)constitute the primary drivers of production within the nation’s existing enterprise landscape.They represent the most dynamic segment of the national economy and play a pivotal role in supporting economic growth,fostering employment,and enhancing people’s livelihoods.However,despite their significant and extensive organizational structures,only a fraction of these companies have established internal control systems,and even fewer possess robust ones.Building upon this premise and considering the prevailing circumstances of SMEs,this paper undertakes an empirical analysis of monetary fund management within this sector.It delves into the operational intricacies,exploring how monetary funds should be effectively implemented to ensure their safety and integrity.Furthermore,it proposes viable strategies to enhance the circulation efficiency of monetary funds,thereby maximizing benefits for enterprises.Addressing these challenges is crucial for SME managers striving to achieve sustainable profit growth and navigate the complexities of financial management.展开更多
Monetary fund is the most fundamental element for enterprises to engage in production and lucrative business activities,which has an impact on the operation process and outcomes.Therefore,enterprises must regard fund ...Monetary fund is the most fundamental element for enterprises to engage in production and lucrative business activities,which has an impact on the operation process and outcomes.Therefore,enterprises must regard fund management as one of their key management links and establish an effective and practical internal control system.However,sensational cases such as the collapse of Barings Bank have exposed many problems existing in the internal control of monetary funds.Moreover,the high liquidity of funds itself engenders them as the target of embezzlement and self-interest,which will eventually threaten the company’s wealth.Therefore,it is significant to analyze the problems existing in the internal control of monetary funds and provide corresponding solutions to them.展开更多
Echell Mobil is to use third variable in currency system. A criterion for becoming Echell Mobil is trade relations. In Echell Mobil system, Echell Mobil countries print and issue dollar banknote and distribute it to p...Echell Mobil is to use third variable in currency system. A criterion for becoming Echell Mobil is trade relations. In Echell Mobil system, Echell Mobil countries print and issue dollar banknote and distribute it to partner country. American Fed implemented Quantity Enlargement Policy during the 2008 crises. Fed directly distributes dollars in quantity enlargement. Echell Mobil is similar to Quantity Enlargement Policy. However, it is different from Quantity Enlargement Policy. There is a third variable in Echell Mobil and this third country issues dollar and distributes to partner country. Iceland may become Echell Mobil of European Union and Jordan may become Echell Mobil of Turkey.展开更多
Providing high-quality economic forecasts is an important responsibility of the International Monetary Fund(IMF) in maintaining world financial and economic stability. However, errors are inevitable in IMF economic fo...Providing high-quality economic forecasts is an important responsibility of the International Monetary Fund(IMF) in maintaining world financial and economic stability. However, errors are inevitable in IMF economic forecasts for its member countries. Based on forecast method and information, and political factor, this paper creates a political economics framework for analyzing the IMF's forecast errors, and tests the effects of various factors on the IMF's forecasts using the panel data analysis method. According to our findings, if a country receives IMF loans and shares a similar vote with the United States at the UN General Assembly, it will more likely receive an optimistic forecast by the IMF. Meanwhile, member countries' data availability and IMF forecast errors for major economies may also affect forecast on a country. Therefore, this paper proposes recommendations on further improving the IMF's forecast quality by creating more independent forecast procedures and enhancing forecast data quality and forecast accuracy.展开更多
Neo-merchantalism is the use of national currency in international trade among countries to increase global trade. This is called as open currency in the study. Neo-merchantalism also includes open trade to facilitate...Neo-merchantalism is the use of national currency in international trade among countries to increase global trade. This is called as open currency in the study. Neo-merchantalism also includes open trade to facilitate trade among countries. Thirdly, neo-merchantalism covers International Monetary Fund （IMF）. Because IMF regulates and controls money flow among countries in international trade, neo-merchantalism could be presented as follows： neo-merchantalism = open trade ＋ open currency ＋ IMF. Open trade and open currency exist in merchantalism theory. But today, there is also IMF control. Therefore, neo-merchantalism = merchantalism ＋ IMF. Globalism started in 1990 in global markets. It increased the amount of global trade from 13 trillion dollars to 60 trillion dollars. Therefore, each country has 6%-7% economic growth in global markets in the 2000s. It is expected that neo-merchantalism theory doubles global trade up to 100 trillion dollars. Because each country uses its money to do intemational trade, IMF＇s restrictions are important in currency flow, as countries may overprint their money to do more trade that increases inflation rate in global economies. For example, emission of United States （US） dollars increased 50% after 2008 crises in American economy. Therefore, the Federal Reserve aims to stop quantitative enlargement policy in order to impede inflation in American economy. In neo-merchantalism, IMF can restrict money print and currency flow according to country＇s gross domestic product （GDP）, because quantity theory in economy requires that a country can issue its national currency according to its national GDP.展开更多
文摘In the current world economic environment,the International Monetary Fund(IMF) has the function of stabilizing financial situation and economic growth.Since the end of the World War II,the IMF has aided many countries and regions during their financial crises.Though no one denies the key roles of IMF on these aspects,the "prescriptions" made by the IMF in order to respond to these crises have brought many criticisms.We must see the disadvantages in IMF while admitting its positive impact.
文摘Small and medium-sized enterprises(SMEs)constitute the primary drivers of production within the nation’s existing enterprise landscape.They represent the most dynamic segment of the national economy and play a pivotal role in supporting economic growth,fostering employment,and enhancing people’s livelihoods.However,despite their significant and extensive organizational structures,only a fraction of these companies have established internal control systems,and even fewer possess robust ones.Building upon this premise and considering the prevailing circumstances of SMEs,this paper undertakes an empirical analysis of monetary fund management within this sector.It delves into the operational intricacies,exploring how monetary funds should be effectively implemented to ensure their safety and integrity.Furthermore,it proposes viable strategies to enhance the circulation efficiency of monetary funds,thereby maximizing benefits for enterprises.Addressing these challenges is crucial for SME managers striving to achieve sustainable profit growth and navigate the complexities of financial management.
文摘Monetary fund is the most fundamental element for enterprises to engage in production and lucrative business activities,which has an impact on the operation process and outcomes.Therefore,enterprises must regard fund management as one of their key management links and establish an effective and practical internal control system.However,sensational cases such as the collapse of Barings Bank have exposed many problems existing in the internal control of monetary funds.Moreover,the high liquidity of funds itself engenders them as the target of embezzlement and self-interest,which will eventually threaten the company’s wealth.Therefore,it is significant to analyze the problems existing in the internal control of monetary funds and provide corresponding solutions to them.
文摘Echell Mobil is to use third variable in currency system. A criterion for becoming Echell Mobil is trade relations. In Echell Mobil system, Echell Mobil countries print and issue dollar banknote and distribute it to partner country. American Fed implemented Quantity Enlargement Policy during the 2008 crises. Fed directly distributes dollars in quantity enlargement. Echell Mobil is similar to Quantity Enlargement Policy. However, it is different from Quantity Enlargement Policy. There is a third variable in Echell Mobil and this third country issues dollar and distributes to partner country. Iceland may become Echell Mobil of European Union and Jordan may become Echell Mobil of Turkey.
文摘Providing high-quality economic forecasts is an important responsibility of the International Monetary Fund(IMF) in maintaining world financial and economic stability. However, errors are inevitable in IMF economic forecasts for its member countries. Based on forecast method and information, and political factor, this paper creates a political economics framework for analyzing the IMF's forecast errors, and tests the effects of various factors on the IMF's forecasts using the panel data analysis method. According to our findings, if a country receives IMF loans and shares a similar vote with the United States at the UN General Assembly, it will more likely receive an optimistic forecast by the IMF. Meanwhile, member countries' data availability and IMF forecast errors for major economies may also affect forecast on a country. Therefore, this paper proposes recommendations on further improving the IMF's forecast quality by creating more independent forecast procedures and enhancing forecast data quality and forecast accuracy.
文摘Neo-merchantalism is the use of national currency in international trade among countries to increase global trade. This is called as open currency in the study. Neo-merchantalism also includes open trade to facilitate trade among countries. Thirdly, neo-merchantalism covers International Monetary Fund （IMF）. Because IMF regulates and controls money flow among countries in international trade, neo-merchantalism could be presented as follows： neo-merchantalism = open trade ＋ open currency ＋ IMF. Open trade and open currency exist in merchantalism theory. But today, there is also IMF control. Therefore, neo-merchantalism = merchantalism ＋ IMF. Globalism started in 1990 in global markets. It increased the amount of global trade from 13 trillion dollars to 60 trillion dollars. Therefore, each country has 6%-7% economic growth in global markets in the 2000s. It is expected that neo-merchantalism theory doubles global trade up to 100 trillion dollars. Because each country uses its money to do intemational trade, IMF＇s restrictions are important in currency flow, as countries may overprint their money to do more trade that increases inflation rate in global economies. For example, emission of United States （US） dollars increased 50% after 2008 crises in American economy. Therefore, the Federal Reserve aims to stop quantitative enlargement policy in order to impede inflation in American economy. In neo-merchantalism, IMF can restrict money print and currency flow according to country＇s gross domestic product （GDP）, because quantity theory in economy requires that a country can issue its national currency according to its national GDP.
