The Evaluation of the Foreign Currency Regimes Utilised by Hong Kong, China and Malaysia Free Essay Example, 3000 words

The Malaysian Ringgit has recently become a managed float after removing its peg to the US Dollar in July 2005. It will now be trade-weighted to a basket of currencies (Economist Intelligence Unit 2005). Malaysia made this move the same day that China un-pegged its currency since then the ringgit has appreciated (Arnold 2005). Malaysia uses a currency basket that is made up of its major trading partners, most of which are in the Asian region. The central bank feels that this will help to keep their currency stable in the world market. This requires constant monitoring by the bank to ensure that the currency maintains its value. The system employed is similar to that of China where a currency board at the central bank monitors the rate. Indonesia has had 3 different exchange rate policies over the course of the last 30 years. From 1970-1978 they operated on a fixed exchange rate policy, then switched over to a managed float in 1978 and finally since 1999 have been operating on a free -floating exchange rate system (Bank Indonesia, 2006). Since they have implemented a free-floating system the value of the Rupiah is determined by the market. We will write a custom essay sample on The Evaluation of the Foreign Currency Regimes Utilised by Hong Kong, China and Malaysia or any topic specifically for you Only $17.96 $11.86/page However, there are strengths and weaknesses associated with using this kind of exchange rate system. The main strengths associated with this system are that a country is not necessarily affected by the problems of other countries; examples include unemployment and inflation (Madura 2006, 176-177).

Literary Analysis Of Persimmons - 1341 Words

A bildungsroman is a story showing the evolution of a character from an innocent childhood to a greater understanding of life that comes with adulthood. In Li-Young Lee’s poem, Persimmons, he tells the story of the speaker in an episodic manner to convey how the chapters of life are intertwined and the impact they all have on one another. This is a free verse poem and lends itself to the assumption of being autobiographical. It begins with the speaker in sixth grade being lectured by his teacher for not knowing the difference between â€Å"persimmon† and â€Å"precision.† It sharply transitions into discussing the art of eating a persimmon. The poem then flashes forward to a more mature memory where we are introduced to a euphemistic portrayal of†¦show more content†¦This is clear in that a disproportionate amount of his poems from the Rose collection as well as The Winged Seed: A Remembrance collection drew from these two categories of his life. While it is uncertain when exactly Li-Young Lee wrote this poem, it can be deducted that it was written sometime in the early eighties or late seventies. The exact date cannot be confirmed since it was published along with many of his other works in Rose, which was published in 1986. This year was full of tragedy with the Challenger explosion on live TV and the Chernobyl Nuclear Power Plant explosion. The years leading up to 1986 and following it were full of rising political tensions between the Soviet Union and the United States. Amidst all this darkness, Lee takes the time to reflect upon his own life and the simple pleasures within it, focusing on the individual human experience as opposed to societies faults. The initial analysis of the poem begins with investigation of the title, Persimmons. The poem gives an informational description about how to eat a persimmon in second half of the first stanza, so from this it is inferred that a persimmon is a fruit that is delicate and has savory meat on the inside. Also the speaker tells the story of when he was a kid in class and his teacher brought in a persimmon and he refused toShow MoreRelatedEssay about African American Male Feminist2019 Words   |  9 Pagesthe importance, relevance and substance of what it is to be not only a successful male feminist but a universally accepted male feminist, I will first lay the foundation of what a feminist is from the ground up. In this paper I will construct an analysis of African American male feminist thought using pieces of literature such as Fredrick Douglass’s â€Å"The Rights of Women†, Alexander Crummell’s â€Å"The Black Woman of the South: Her Neglects Her Needs† and Langston Hughes’s â€Å"Madam Poems† along with someRead MoreConfucianism in Journey to the West31834 Words   |  128 PagesUniversity of Leiden 14 June 2012 Department: Language and Culture of China Course: Visual Political Communication (BA3) Semester: Summer Semester 2011/2012 Lecturer: Florian Schneider Journey to the West A Textual-Visual Discourse Analysis Name: Stefan Ruijsch (Student No. 0620203) Major: Chinese Studies, BA 3 E-mail: s.ruijsch@umail.leidenuniv.nl Phone: 06-48369645 Address: Vrijheidslaan 256, 2321 DP Leiden Word Count: 9,387 Table of Contents pageRead MoreInternal Revenue Code 1939278050 Words   |  1113 Pagesarrangement of the same, and, therefore, no inference, implication or presumption of legislative construction shall be drawn or made by reason of the location or grouping of any particular section or provision or portion thereof, nor shall any outline, analysis, cross reference, or descriptive matter relating to the contents of said Title be given any legal effect. SEC. 7. EFFECT UPON SUBSEQUENT LEGISLATION.—The enactment of this act shall not repeal nor affect any act of Congress passed since the 2d day

Mayan Calendar Free Essays

The Mayan Calendar is a manifold system of time-tracking developed by the Mayan civilization of Mesoamerica. The calendar was developed using several different mechanisms of tracking time according to the astronomic or mythic events. The Mayans had many different â€Å"calendars† by the time of the ancient civilizations of Central and South America, however, the Mayan Calendar was to be considered the most accelerate. We will write a custom essay sample on Mayan Calendar or any similar topic only for you Order Now It is known as a clear indication of the educated significance in Mayan culture. There are three different types of dating systems used in conjunction with the Mayan Calendar. The Long Count, The Tzolkin, and the Haab. The Long Count calendar identifies a date by counting the number of days from the Mayan creation date. Long count days were tallied in a modified 20-base scheme. For periods that are meant to be longer than 52 years the Long Count Calendar was used. There is no evidence that the Long Count Calendar is meant to be repeating. This type of calendar can be found carved on Mayan Monuments. The Tzolkin calendar is the sacred moon calendar for the Mayans. The calendar consists of 20 day signs combined with 13 numbers. The 13 numbers tell how many days it takes for the moon to go from new to full and another 13 from full to new. The 260 day calendar is believed to be tied to the woman’s birth cycle. The Tzolkin calendar has also been used for agricultural planning in determining the length of time between planting crops and harvesting. Tzolkin calendar was considered to be the most important of the calendar systems. The Haab calendar is comprised of 18 months of 20 days each. It is preceded by five extra days known as Uayeb thus giving the years length of 365 days. Uayeb was considered to be â€Å"the unlucky period†. The persons born on these days were â€Å"doomed to a miserable life†. The days in of the month used in Haab were numbered 0 to 19 rather than 1 to 20. The use of the 0th day has significance due to the fact that it is believed Mayan’s discovered the number zero centuries before it was discovered in Europe or Asia. The years of the Haab calendar are not counted. The system of the Mayan calendar ended with the fall of the Mayan civilization. The majority of the remaining knowledge of it was destroyed by he Spanish during the overthrow. It wasn’t until the 1990’s that archeologists discovered more extensive knowledge of the Mayan civilization regarding the calendrical system. The Mayans were believed to be skilled mathematicians and astronomers far beyond their time. They had a firm understanding of modular arithmetic. In conclusion, for us the Mayan calendar is a glimpse into the ancient world and how they viewed astronomy, time and dates. The ramification of the Mayan calendar tells experts a substantial amount about their culture or way of life. Due to the Long Count calendar the Mayans believed they would be around for many years. Though pre-Columbian Mesoamerica remains concealed in conundrum, we continuously unveil discoveries and artifacts throughout the years. The discoveries lead us to more knowledgeable understanding of the Mayan calendar. It is considered to be a precious piece of information. Many archeologists and anthropologists proclaim that it is worth the study and pursuit. It is viewed as an open door into a buried history that experts still valiantly try to understand. www. webexhibits. org www. mayancountdown. net How to cite Mayan Calendar, Essay examples