and prepared for a use. Except for the cost that raw materials specially are made for the contract.
② According to a subcontract, prepaid sum of money to subcontractor about being going to constructions.
③ The prepaid sum of money not related in conducted works in real.
2. An input standard method(투입량기준법) – the measurement of conducted constructions.
3. An output stand
and use a single currency.
Panama, Ecuador and some Latin American countries suffered a severe inflation take dollarization in which they use dollar as their currencies.
• Currency board arrangement
It fixes exchange rate of one’s currency in key currency exchange rate and permits to issue money within only prepared foreign currency assets.
The autonomy of the currency policy is lost
and, indirectly, quantitative easing. While many countries have experienced undesirable upward pressure on their exchange rates and taken part in the on-going arguments, the most notable dimension has been the rhetorical conflict between the United States and China over the valuation of the Yuan. This which began in the early 21st century is being pursued by opinions among economists have been di
inflation. This policy raised interest rate to up to 19% and caused inflation rate of 13.5% (1981) plunge to 3.2%(1983). Therefore, steep increase of interest rate put people with housing loan unable to redeem their loan. Since they were unable to replay their debt, asset seizure occurred followed by bankruptcy of S&L banks and downfall of real-estate price.
In short, based upon deregulation, t
Recently, In April 10 2011, the prime minister of Republic of China, Wen Jiabao, announced that china will continuously implement the tightening measures against inflation and the real estate market which had begun since the April 2010. In respond, China's central bank said it would raise the amount of money that lenders must keep in reserve as official concerns persist over inflation and rising
II. Yen carry trade
II. 1. What is Yen carry trade?
II. 1. (1) Typical meaning
The typical meaning is “borrowing at low interest rates in yen and using the loan to buy higher yielding assets elsewhere.” During the past decade, the trade has become a “staple” for many investors. One of the most popular forms of the strategy exploits the gap between US and Japanese yields. Anyone
and the U.S. rose the interest rate so that Yen carry trade began. Due to the subprime mortgage crisis, Yen carry assets were paid off.
The IMF Staff’s paper analyzes the relation between yen carry trade and subprime as below. “This figure is the scatter chart of monthly change in net interoffice account and the ABX AA 07-1 index of implied subprime mortgage security prices. The ABX index s
crisis in 1999. Brazil, Argentina, and Colombia are countries that underwent economic crisis most
frequently
from
1980.
In
1992,
Brazil’s
inflation
rate
reached
1.175%.
Moreover
Brazil
was
supported by IMF bailout in 1998.
The range of fluctuation of the foreign exchange rate in Brazil real shows dramatic movement.
LG Business report targeting B
and parts surged.
*Comparing U.K. and U.S.
United Kingdom Net export > United States Net export
So, good.
- Interest Rate
1. United Kingdom
In October 2009, United Kingdom interest rate is 0.5%.
-Current UK Interest Rate: 0.5%
-Households have reduced their spending substantially .
-CPI inflation fell to 1.1%
-The quantitative easing program was boosted by £25
an expected loss (EL) approach. The Committee strongly supports the initiative of the IASB to move to an EL approach. The goal is to improve the usefulness and relevance of financial reporting for stakeholders, including prudential regulators. It has issued publicly and made available to the IASB a set of high level guiding principles that should govern the reforms to the replacement of IAS 39.