DB 5 – response

DB 5 – response
Paper details

Please write one separate response to each of the 2 posts below.

Post #1 (James):
A fixed exchange rate regime does have some benefits relative to a fluctuating rate, principally the value it adds is produced by creating predictability. If investors know how the currency will relate to others, it is then easier to predict monetary policy, as there are published targets. This alleviates many concerns for multinational corporations, as it is essentially impossible to set up an international business operation in a negligible time period, with regard to multiple currency exchanges. There are almost always going to be fluctuations in relevant currency values, which may materially affect the viability of the proposed project. A fixed exchange regime alleviates most concern of currency fluctuation rendering a project unprofitable, and therefore increases the relative value of incentives for firms to invest. (Krugman, 2012) A fixed system also makes it easier for importers to reliably purchase domestic exports, as currency fluctuations could again impose material costs on these firms.
The calculation of net benefits would depend on where my raw materials for producing my export originated from, domestic or foreign, and both types exchange rate systems would be capable of producing outcomes superior to the other’s worst case scenario, but generally a fixed exchange rate system would make it easiest to predict costs and to compare business operations year over year. Therefore as an exporter I would want a fixed rate system.
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Post #2 (Ryan):
There are many benefits associated with a fixed exchange rate regime. Consumers and investors have the most to gain when the exchange rate is fixed. Risk is low, while outputs and returns are normally consistent and predictable. Monetary policies are mostly ineffective in influencing output and employment. The economy of a nation can be highly volatile when the exchange rate is not fixed, and several economic crisis’ can occur. Capital flight and ‘runs on the bank’ are a couple of examples when faith in an exchange rate are dropping. Capital flights occurs when, “residents flee the domestic currency by selling it to the central bank for foreign exchange; they then invest the foreign currency abroad” (Krugman, Obstfeld, & Melitz, 2012). Capital flight is a process that can increase exponentially, as fears of devaluation spread. Domestic and foreign assets may no longer be perfect subsitutes due to exchange risk, creating a slump in international transactions and circulation.
If I was an exporter, I would prefer to have a fixed exchange rate. A fixed exchange rate would allow the markets to be predictable, creating one less variable to worry about. A flexible exchange rate could also be favorable, but it would need to be a precise situation in regards to the market. Only if the price of my good or service could increase, while my costs remained the same, would I prefer a flexible exchange rate. In many cases today, countries are able to increase their exports by cheapening their currency. I would think that exporters themselves have mixed feelings about their sales in these situations. The value of your domestic currency will affect the demand of your products in the foreign market.

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Watson’s Theory of Human Caring Paper
Paper details

Resource: Watson’s Theory of Human Caring Paper and annotated bibliography

-1,925 words total
-APA format
-Annotated Bibliography
-Create an APA formatted annotated bibliography for all resources cited.
-6 peer reviewed resources

Paper about Jean Watson’s theory of human caring in which you describe a personal experience of a patient-nurse interaction. This caring moment will be the basis for this paper. Address the following:

• Define caring moment.
• Describe the background and major concepts of Watson’s theory of human caring.
• Explain how your patient-nurse interaction can be described as a caring moment.
• Explain what you learned about yourself during this interaction.
• Explain how your caring was perceived by the patient.
• Explain what you could do to enhance the caring moment, interaction, or relationship.
• Describe the nursing metaparadigm as it relates to the caring moment or interaction
• Describe how Watson’s carative factors were utilized in the caring moment. Apply a minimum of 4 carative factors.
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