'One of the aims of EMU was that only the global balance of payments Essay

'One of the aims of EMU was that only the global balance of payments of the European Union with the rest of the world be of im - Essay Example In the recent economic epoch it is analyzed that the economic structure of different nations in the euro zone is actually separate. The monetary inflexibility of the policies in the EMU is becoming difficult when followed under the current economic operations of different nations. There is a widespread financial crisis in the European states (Kenen, 2000). The rigid policies of EMU prevent the monetary authorities in different countries to undergo the process of deficit financing that would help the nations to pay out its creditors. The EMU aims at evaluating the currencies of its European states and thus improving their Balance of Trade. It facilitates the nations to collect higher tax revenues and achieve a successful growth in their GDP (Visser, 2004). The essay tries to show how the EMU aims at improving the Balance of Payment (BOP) situation of Euro zone states with the rest of the world. The essay will try to analyze the optimal policy that can be adopted by the European Union to improve its balance of payments disequilibria with the rest of the world. Balance of Payment and its Significance The Balance of Payment helps to take an account of the monetary transactions carried out by a nation with the rest of the world (McCombie and Thirlwall, 1994). ... The current account looks into the trading affairs mainly of tangible goods and services; on the other hand the capital account looks into the inflow and outflow of financial assets in an economy. A nation can have either a fixed or a floating exchange rate. If a country has a fixed exchange rate then the central bank of the nation accepts foreign fund inflow exactly at par with the level of fund that the nation has out-flowed. By doing so the state makes the exchange rate of the economy rigid. The BoP surplus or deficit can only be analyzed in that situation by the reserves of foreign exchange with the central bank. On one other hand if the exchange rate of a country is more flexible than the central bank does not intervene in the matters of goods and service trading. In such situation, the country’s currency evaluates if its exports are more than its imports and the currency devaluates if the imports are more than the exports. The essay will throw a light on the BoP situatio ns of the almost all the states as a whole who are included in the Euro Zone. BoP Situations of Euro Zone The countries in the European Union are undergoing severe financial crisis since the latter half of 2009. The nations are not only facing a sovereign debt crisis but also a crisis in their banking affairs. The Euro Zone nations are lagging behind other nations both in terms of competitiveness and growth. In some of the countries the crisis was so severe that to refinance their state debts they had taken assistance from the third parties. The commercial banks in the Euro zone are undercapitalized (Baimbridge and Whyman, 2008). The configuration of the nations of the Euro zone countries as a monetary

Prosecutor report Term Paper Example | Topics and Well Written Essays - 1000 words

Prosecutor report - Term Paper Example While wearing masks, the offenders stormed the store. Offender B hit the guard with the butt of his gun in order to knock him down and held hostage two patrons in a small closet. Offender A went to the manager’s office threatened the manager and ordered her to fill their bag with money. In the process, offender A noticed an employee trying to trigger a silent alarm and shot the employees dead. The offenders left the parking lot with offender A driving the vehicle carelessly and at a high speed. A patrolling Montgomery County police officer noticed the carelessly driven car and tried to stop the car, but the offenders tried to escape resulting in a high speed chase. After the chase, the offenders escaped on foot and tried to resist arrest but were overpowered and arrested by the police. Basing on these facts, the two offenders committed multiple offenses that are punishable under the Maryland’s statute codes and the US law in general. Offender A Maryland Criminal Statuto ry Code Criminal Charge Facts relevant to this charge Maximum Criminal Penalty (Felony/ misdemeanor) CL  § 7-105 Motor vehicle theft .The defendant stole a Ford Explorer that he intended to use in robbing a liquor distributor store. The defendant is guilty of a felony and subject to a sentence of imprisonment not exceeding 5 years or a fine not exceeding $ 5,000, or both  § 3-403. Robbery with dangerous weapon. ... The defendant is guilty of misdemeanor and liable for a $10,000 fine or imprisonment of up to five years or both.  § 2-201. Murder in the first degree. During robbery, the defendant shot and killed a liquor distributor employee as he was trying to trigger a secret security alarm. The defendant is guilty of a felony and is subject to life imprisonment without a parole, death sentence or life imprisonment.  § 21-901.1. Reckless and negligent driving. The defendant was spotted by a patrolling Montgomery County police officer driving erratically and at a very high speed. The defendant is guilty of misdemeanor involving careless and high speed driving and is subject to a fine of $1000.  § 9-408. Resisting or interfering with arrest. After the robbery and while driving carelessly, the police attempted to stop the car using Sirens and emergency light, but the men evaded the police triggering a speed chase. The defendant ran the car into a guard rail and Fled. After a chase, they physi cally fought with the police officers who tried to arrest them. After the struggle, the men were arrested by the police. The defendant is guilty of misdemeanor for violating this section and should be subjected to a fine not exceeding $5,000,imprisonment that does not exceed 3 years or both imprisonment and fine.  § 7-104. General theft provisions. The defendant together with his compatriot were in possession of a stolen car that they used in robbery, escaped with it and abandoned it after it had rammed into guardrail. Since the truck exceeds $100,000, the defendant is guilty of a felony and is subject to a fine not exceeding $25,000 and imprisonment not exceeding 25 years or both. Offender B Maryland Criminal