Premium Essay

One Moment

In:

Submitted By barney123
Words 459
Pages 2
One Moment The advantages for El Salvador to dollarize stand to provide the country with long run benefits politically, economically, and socially. The problem facing the El Salvadoran leadership lies in what type of methodology should be employed to create the link between the country’s economy and the United States dollar (USD). Adoption of the USD alone will not be sufficient to move their economy to a position of strength and profitability. Supporting actions and policies will be needed to complete the currency change and register the move as a success domestically and globally. The adoption of the dollar in the El Salvadoran economy is not fully dependent on the abandonment of the colon in favor of the dollar sign. The alternative solutions to capitalizing on the benefits of a dollar relative economy rely on finding solutions that allow both currencies to coexist in the market place. The first solution is to use a floating currency with no fixed dollar exchange rate (Bloch & Nelson, 2003). The second alternative is use a floating currency with a fixed dollar exchange rate. The benefits offered by this approach include: (a) El Salvador can set exchange rates in the open market, and (b) ability to float the domestic currency with respect to the dollar. Both alternatives will provide El Salvador with the ability to influence its competitive currency position relative to neighboring countries. However, with these approaches promote short sighted gains with respect to participation in the global economy. The recommended solution for El Salvador is to adopt the dollar sign into the domestic economy. The adoption of the dollar with have a high probability of promoting foreign investment into a common dollar based economy (Towers & Borzutsky, 2004). Second, El Salvador will improve trade from United States sources. The United States stands to be the

Similar Documents

Premium Essay

One Special Moment

...One Special Moment Jamie Dove Eng 121:English Compositions I Concetta Williams June 23, 2014 Because my daughter was premature giving birth to her was a special moment to me. I was nervous because she was 3lbs and 7 oz. I now take on a title known as mommy. I went through hours of labor and she finally was here a sweet bundle of joy. I now have a little buddy to go shopping with and to share my treasures with. I never expected that I would have a premature baby. I took all of my prenatal vitamins and ate all the healthy foods I could think of. I just knew she would be at least 5 or 6lbs. Premature birth can cause lasting side effects on children. As a parent I was really concerned even to this day at her age. Although she was small I still spoiled her rotten. She knew she had love and affection from both her parents. I enjoyed keeping her dressed in her preemie outfits. I am so grateful for the new life that has come into my family circle. I thought my labor pains were never going to kill me. It felt as if they were never going to end. I guess having a small baby made my labor pains more intense. It seems as if everything has stopped and then BOOM she was here. A painful event can never be as beautiful as having a baby. This defining moment is an event that has left me changed. I had a natural birth and I mean it was and outstanding delivery. I don’t really remember when my water broke because everything happened kind...

Words: 605 - Pages: 3

Free Essay

A Leap of Faith

...snowshoeing a mountain and sledding down, to standing below me while I‘m chain sawing 80ft up above you. I have to tell you how I got started and became the guy you share these crazy adventures with. Skydiving one time has changed my perspective on life to be sure. Just starting out in a new job and trying to figure out what life was about and where I was headed. I decided it was time to mix things up, do something I didn’t think I had the guts to actually do. Go jump from a perfectly good plane attached to someone I didn’t know, that is an “expert“ in the area of falling from great heights (more than once!) . I had been in a plane only two or three times sight seeing, without the urge to open the door no less. The sky is a cold, crisp aqua marine with thin wispy clouds. The walls are a cold steel grey. Rivets hold everything together. A faded tan leather seat, cracked from years speed, pitch, heading and Altitude. A small window on my right side above my head provides the only meager view on the ascent to a totally new view on life. It’s dark behind me where the Instructor waits patiently for the call to go. There’s a small poster on the sliding door that says “Humpty Dumpty was pushed” with a picture of him falling (the irony of which, will hit me in a moment). The wind is leaping in and out of the plane as we speed toward our goal of 10,000ft. The man kneeling in front of me is wearing all black. He has a large pack strapped onto his back. My jumpsuit is a very...

Words: 1226 - Pages: 5

Free Essay

One Significant Moments of My Life

...Taimur Anan Cameron Williams English 1101 12 September 2013 One Significant Moment in My life America has been always my greatest adventure and my greatest fear. Like others international students, I was very nervous about the culture, the people, and the country itself because I have never traveled to a foreign country before. How people are going to take me? Will I be ignored by people because I am from different cultures? Will I be able to make friends? Will I be able to adjust to that new life? The question that was stuck in my mind, but I didn’t have any definitive answers. This all started when I was only sixteen years old. I have been hearing that there are many events in life, which can change their life in a way that they have never expected before. I have never trusted those words until now. As for me, I think the major event that changed my life is when I moved from Bangladesh to America for better education. On a Sunday morning, I was playing outside with my cousin. Suddenly, my father calls me inside, gives me a bunch of papers and offers me to go study abroad for my higher education. Studying aboard was my childhood dream; however, before that, my parents never wanted me to leave my country. My mom is the one who always stop my father for giving me permission to study abroad. After all that , when my father finally decided to let me study abroad in the United States of America, I was very excited and I agreed right away. Coming to the United States...

Words: 1080 - Pages: 5

Free Essay

Capm Essay

...million in excess cash and borrow the remaining funds until Question 2 a) We will need to calculate the debt-to GDP ratio for each year separately in order to compute the total accumulation. The following equations and variables are used in question a) ∆b=g-t+r-y* b g-t=2 i=3 π=1 r=i-π=3-1=2 y=1 b=0,9 (=90%) Year 1 ∆b=2+2-1* 0,9=2,9 byear 1=90+2,9=92,9 Year 2 ∆b=2+2-1* 0,929=2,929 byear 2=92,9+2,929=95,829 Year 3 ∆b=2+2-1* 0,95829=2,95829 byear 3=95,829+2,95829=98,78729 Year 4 ∆b=2+2-1* 0,9878729=2,9878729 byear 4=98,78729+2,9878729=101,7751629 Year 5 ∆b=2+2-1* 1,017751629=3,017751629 byear 5=101,7751629+3,017751629=104,792914529 Therefore, after 5 years the debt-to-GDP ratio will be equal to 104,8 % (rounded to one decimal) b) The debt is not sustainable. The criteria to test whether debt is sustainable is as follows: ∆b=g-t+r-y* b=0 Plotting in the known variables results in the following: ∆b=2+2-1* b=2+b= 0 Solving for b gives the following: b= -2 Therefore, the initial debt should be -200% (so surplus) in order to maintain a sustainable debt. c) If the nominal interest rate rises to 10%, it would imply that the real interest rate is as follows: r=i-π=10-π Therefore, we know that: ∆b=g-t+r-y* b=2+10-π-1*0,9=2+9-π*0,9 The criteria to maintain a sustainable debt is as follows: ∆b=0 This implies that ∆b= 2+9-π*0,9=0 Solving for inflation results in the following: π ≈11,22 The conclusion is thus that debt in this scenario...

Words: 766 - Pages: 4

Free Essay

Luck in the Ancient Mariner

...guilty, yet helpless man. Doesn’t this sound familiar? Don’t our lives seem, sometimes, the result of a game of dice being played by someone/something bigger than ourselves, even bigger than life itself? Just the fact that we are who we are is nothing but a result of chance. This statement, beyond its recklessness appearance, has an explanation consisting of three moments of existences that are determined by the roulette. The first one goes back to before we’re born. Have you ever thought of how many billions of chances were there when your parents’ genetic material mixed to create you? I, for instance, could’ve been blond, tall and smart. Or short and dumb. Or anything. But, somehow, I turned out to be me, out of what appear to be infinite chances of who I could’ve been. And this process follows no logic or intervention from our part: is the work of randomness. The second moment, chronologically, involves our environment. Where we’re born, who our parents are, and the rest of conditions that welcome us to this world are the sort of aspects I include in this side of this pyramidal die. The third and final moment is composed of the things that are choices in our lives. This is also a consequence of luck because the construction of ourselves is the outcome of the decisions we make, which have a luck component. That...

Words: 751 - Pages: 4

Free Essay

Yoko Boss

...they said, "or we shall wake them." But it wasn't that you woke us. Oh, no. "They're looking for it; they're drawing the curtain," one might say, and so read on a page or two. "Now they've found it,' one would be certain, stopping the pencil on the margin. And then, tired of reading, one might rise and see for oneself, the house all empty, the doors standing open, only the wood pigeons bubbling with content and the hum of the threshing machine sounding from the farm. "What did I come in here for? What did I want to find?" My hands were empty. "Perhaps its upstairs then?" The apples were in the loft. And so down again, the garden still as ever, only the book had slipped into the grass. But they had found it in the drawing room. Not that one could ever see them. The windowpanes reflected apples, reflected roses; all the leaves were green in the glass. If they moved in the drawing room, the apple only turned its yellow side. Yet, the moment after, if the door was opened, spread about the floor, hung upon the walls, pendant from the ceiling--what? My hands were empty. The shadow of a thrush crossed the carpet; from the deepest wells of silence the wood pigeon drew its bubble of sound. "Safe, safe, safe" the pulse of the house beat softly. "The treasure buried; the room . . ." the pulse stopped short. Oh, was that the buried treasure? A moment later the light had faded. Out in the garden then? But the trees spun darkness for a wandering beam of sun. So fine, so rare, coolly...

Words: 693 - Pages: 3

Free Essay

Narative

...I sat in a passenger seat of an old rental van with five of my closest friends, who just happen to be my band mates, staring off into the distance watching the lights fly by the window one by one. The view of the surrounding landscape turned suddenly into a completely unfamiliar area as if teleported to a new world. The unknown street names and buildings took over the area around us. Everything hit me all at once so unexpectedly, like the sound of a first lighting strike in the beginning of a storm. At that moment, nothing else mattered. This is finally happening. Andrew asked, “Do you think we will find a place to sleep every night?” Andrew was always the worried one of the bunch, but he played bass on stage he moved around like a madman. “3 weeks are a long time so probably not,” my vocalist Brandon chuckled out, “but I mean a majority of even the popular bands that go on a tour can not find a place to sleep every night so we can always just crash out in a Wal-Mart parking lot.” From my viewpoint, I could see my band member’s faces in the reflection of the rear view mirror as they all spoke about what they wanted to do at the upcoming shows; their eyes getting bigger than the cities we headed to in excitement. I still just sat there; having this profound realization in my mind while a smile slowly sprouted across my face. Over the course of 4 years, I spent more time alone in my room, sitting in an old desk chair wrapped up in duct tape to keep it from falling apart...

Words: 1082 - Pages: 5

Premium Essay

A Good Man Is Hard to Find.

...A Good Man is Hard to Find. The grandmother focuses of showing that she cares nothing about the family by concerning herself with her hat. She builds a setting in her head that if she dies she will look like a lady without any concern for her family's well being. This idea that her hat, which makes her look like a lady in her mind, is more important than her family shows selfishness. Her mistaken ethics are aware from the beginning as the hat is the symbol for this negligence to her family. When they did indeed have a car wreck the grandmother was curled up under the dashboard with her hat still attached to her head. The hat represents that goal of still being a lady no matter the cost. While her grand children are in shock and shaking she is complaining that she thinks she has a hurt organ. The symbol of the brim of her hat smashed as she says “But nobody’s killed” in a frustrated tone shows her reluctance to give up that she was wrong. She will not give up this attempt at being a lady no matter what happens to her or grand children. As she confronts the Misfit her self assurance and idea that she is a lady slowly disintegrates away as she becomes more humble that she will most likely die. The symbolism of these disintegration is when her brim actually falls off of her hat and it realization that she is not a lady by any means. The symbolism of the hat to her concept of doing anything by any means necessary to be a considered a lady by everyone including herself is quite...

Words: 999 - Pages: 4

Free Essay

Confidence

...in front of hundreds of other people. My father helped me write my speech. Ironically I was going to talk about confidence building. When the date of speech came nearer I panicked and kept forgetting my lines. My teacher guided me to practice before a mirror, it helped but not enough to calm my nerves. After days of practicing before my parents and the mirror I was still not ready. My thoughts were focused upon how my voice would tremble and I would lose feeling in my legs. It was not till I was on stage and I started speaking that I paid attention to what I was saying. I had given the preparation my best effort and if my voice is going to tremble it did not matter anymore. With this thought in my I found my voice strengthen. This was a moment of revelation for me, I was realizing for the first time that I can do this. When I stopped avoiding looking at the audience I realized that I was not afraid anymore. I can give my best or worst performance and it will still be over either way, with this thought I gave it all my effort. The applause I got at the...

Words: 502 - Pages: 3

Free Essay

Lognormal Stock-Price Models

...I’ll take a little space to motivate this. Suppose that the price of a stock or other asset at time 0 is known to be S(0) and we want to model its future price S(10) at time 10—note that some texts use the notation S0 and S10 instead. Let’s break the time interval from 0 to 10 into 10,000 pieces of length 0.001, and let’s let Sk stand for S(0.001k), the price at time 0.001k. I know the price S0 = S(0) and want to model the price S10000 = S(10). I can write (1.1) S(10) = S10000 = S2 S1 S10000 S9999 ··· S0 . S9999 S9998 S1 S0 Now suppose that the ratios Rk = SSk that appear in Equation 1.1 that represent the growth factors k−1 in price over each interval of length 0.001 are random variables, and—to get a simple model—are all independent of one another. Then Equation 1.1 writes S(10) as a product of a large number of independent random...

Words: 5362 - Pages: 22

Free Essay

Reasons and Funciom of Authority

...Joana Marie O. Orlando BM-2 REASONS AND FUNCTION OF AUTHORITY |   Obedience: we are treating the subject fearlessly even though today there is a bad press for whoever declares himself in favour of obedience and of respect for the values and virtues always considered basic to civil and spiritual life. Being free from any responsibility (which is always a cross) and from every concern for a position of power (which is always a temptation) may perhaps guarantee to a person the hope of not being misinterpreted if he attempts to express in current terms considerations which might seem—but really only seem—so out of date.If the modern age is characterized by the substitution of the principle of reason for the principle of authority, we know that in more recent years a kind of charismatic impulse has been on the increase; in every area of life, profane and religious, it takes the place of reason itself as the motive of action and is imposed in a much more decisive manner. Democracy is the daughter of reason and to it owes its definitive validity, even if it was conceived among the presumptions of the Enlightenment.The recent totalitarian regimes were linked to a will for power which in its wear and tear fashioned various ideologies as substitutes for the objective principles of the natural law, contested as it was by philosophical relativism and juridical positivism. The contestation is the expression of primordial impulses, at times defined in profane and lay circles, as charisms...

Words: 2055 - Pages: 9

Premium Essay

Who Knees Hope Research Paper

...Who “Knees” Hope? Have you ever just sat alone in your room suffering from agonizing pain? Wondering why something you love so passionately can be taken away from you with just a snap of your fingers? Or even just thought what your next step way? That was me about two years ago when I believed all of this to be true when I tore my ACL playing the game I love so deeply. It all happened one muggy July afternoon when I was battling with my teammates in one of the biggest games of our season, with playoff contentions on the line. The energy in the game was indescribable, as there is no true way to express your emotions when you walk on that field with your brothers. Now before this story begins, I would ask for you to remember the feeling of...

Words: 1416 - Pages: 6

Premium Essay

Tribute Speech

...Tribute speech Although, I’m not the first born son or daughter; there is a unique bond shared between my father and I. Even though it has never been said, it’s just known that I am his favorite! I have always been told it is because I am the baby of the family: daddys little girl. But as he recalls, I was his good luck charm starting from the moment I was conceived. You see my father faced numerous hardships and struggled his way to get to where he is now. He was raised with 10 other siblings from one of the poorest towns in Pakistan. He would tell me how growing up, he would always aspire to come to America because back home that meant you would be somebody. And he did just that! In 1970, he finished his bachelors at the top of his class in Pakistan and from there he applied for a Student Visa to complete his masters in the US. He had begged his parents to pay for his plane ticket, promising them he would return double the amount as he reaches America; the land of opportunity. However as he set forth to explore his new home he quickly realized it wasn’t an easy ride to success. There were various obstacles he would have to overcome which the average American wouldn’t have to. He continues telling me how he came from a 3rd world country with literally $30 in his pocket, no family or friends near and his biggest disadvantage being the language barrier. Wanting to fulfill the promise he made to his parents, he set out on his journey. Juggling an education...

Words: 776 - Pages: 4

Free Essay

Questions

...Tutorial 6 Questions Question One What is a probability and how can we relate it to share returns? Question Two Define the terms expected value and standard deviation. In providing your answer, show how these terms relate to share prices. Question Three What do we mean when we say an investor is risk averse? Question Four You are given the following information about the possible returns from an investment: |Return (%) |Probability | |12% |0.15 | |10% |0.65 | |5% |0.20 | Given this information, calculate: 1. The expected return on the investment; 2. The variance of the return on the investment; 3. The standard deviation of the return on the investment; and, 4. The probability that the return on the investment is equal to or less than 8%. Question Five You are a market analyst and have identified 4 different market conditions together with the probability that these market conditions will occur. The information contained in the table below relates to the return on 3 shares under each market condition: |Market Condition |Probability...

Words: 254 - Pages: 2

Premium Essay

Graduate Student

...Formulas to Know for the Exam Although we do not suggest you memorize a lot of information to prepare for the exam, the following formulas are some of the items you do need to memorize, as well as understand. There will not be a lot of questions requiring you to use these formulas, but it will be helpful to be able to apply these at a moment’s notice. If you are not comfortable with math, you should be happy to hear that you can know none of these formulas and still pass the exam! The most important formulas are those relating to earned value, as earned value is a key component of monitoring and controlling. Formulas to Know for the Exam Title PMP® Exam Prep Chapter Reference Formula Present Value (PV) PV = FV (1 + r)n Integration Management Expected Activity Duration (Triangular Distribution)* P+M+O 3 Time Management Expected Activity Duration (Beta Distribution)* P + 4M + O 6 Time Management P−O 6 Time Management Beta EAD +/− SD Time Management LS − ES, or LF − EF Time Management Cost Variance (CV) EV − AC Cost Management Schedule Variance (SV) EV − PV Cost Management Cost Performance Index (CPI), or Cumulative CPI (CPIC) EV EVC or AC ACC Cost Management Schedule Performance Index (SPI) EV PV Cost Management Estimate at Completion (EAC) AC + Bottom-up ETC Cost Management Estimate at Completion (EAC) BAC CPIC Cost Management Estimate at Completion...

Words: 338 - Pages: 2