MAF202 Money and Capital Markets Assignment T1 2012 Essay

MAF202 Money and Capital Markets Assignment T1 2012 - Essay Example Hence, there has been widening of spread between cash rate and the interest rates set by the major banks. Banks have argued to such anomaly by mentioning that the rising costs of funds have led them to take such decisions. Since the Global Financial Crisis (GFC), banks have relied more on debt funding which are expensive sources of fund than equity and others. If we look at the recent global economic scenario, it can be found that the euro-zone crisis situation is still unresolved, and economic growth rate is expected to slowdown in 2012. There have been no rate cuts by the central bank of UK since 2009. In India recently there have been rate cuts by Reserve Bank of India and banks have started responding to it positively. Central bank of China follows a tightly regulated monetary policy and is expected to have rate cuts in 2012. Reserve Bank of Australia (RBA) is the central bank of Australia established in the year 2006. Its principal task is to control and regulate the monetary policy of Australia (Reserve Bank of Australia, 2012a). RBA uses cash rate as a tool to control the pressure of inflation in Australia. RBA targets to keep the inflation rate in and around 2% to 3%. This refers to the monetary policy followed by RBA. RBA’s monetary policy also includes curbing unemployment rate and assuring a stable economic growth of the country as its other objectives. When the inflation rate goes beyond the target of RBA, the cash rate is enhanced. Otherwise RBA tries to reduce the cash rate when it feels that inflation is not posing a great threat and Australia can have a faster economic growth. RBA regulates the monetary policy of Australia by setting up the lending rates on loans available in the money market on an overnight basis. These rates of interest set by RBA have an influence on the rest of the interest rates in Australian economy. Subsequently it has an effect on how the

The analysis of the lecture about Human Rights and The Expirence of Essay

The analysis of the lecture about Human Rights and The Expirence of exile - Essay Example In particular, the Iraq Jews are an example of how human rights violation can be rampant in a political system that is not just. The presence of Jews in Islamic world can be traced back in the days of Abraham, Sarah, Rachel, Jacob, David, and Solomon. The Jews and Christians in Iraq were treated as second-class citizens because of their religious affiliation. This shows high level of religious discrimination that was experienced by these citizens who are not actually Muslims. The Jews in Iraq because of their religion were subjected to limited economic opportunities. This cuts across in all sectors of economy and even property ownership. Genocide of Jews in Germany during the Second World War is only but just an example of religious persecution. In the human scriptures though there is no exact word human rights but that does not imply that they do not advocate for equality. For instance, in Exodus and Deuteronomy the laws advocate for slave justice and equality. These scriptures try to caution that everyone is equal. The law of equality is written in every human being’s heart. This means that it should be a natural thing for a person to treat the other with equality regardless of religious affiliation. In any social set up there should be guidelines or provision that should guard or protect the right to any religion. Countries should embrace many religions to avoid religious conflict experienced in most North Africa states in the recent past. The constitution should be in the forefront to promote democracy in all aspect of life. If this is well captured in the constitution then let be assured that the society will be peaceful. Religious discrimination can lead to exemption of basic economic rights. For instance, the Jews living in Iraq, their accounts were frozen. Their schools were closed down and their property seized. This is just a demonstration of how bad the condition can get in a society that does not embrace