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ylowe
USA
217 Posts |
 Posted - 10 Sep 2007 : 01:44:11
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quote:
Originally posted by kobo
ylowe MONEY SUPPLY!How Print more Dalasi notes from Kanilai mint press
"The current monetary policy stance is broadly appropriate. The central bank increased its rediscount rate from 14 percent to 15 percent in late-June, in response to evidence of rising inflation. However, a favorable outlook for inflation suggests that there may be no need for further tightening in the second half of the year."
this is one way of reducing or incresing the money dupply not printing at Kanilai. They needs to decrease the rediscount which i believe is the interest on loans.
Toubab, i hope the above information might be helpful. bye and i dont call myself an economist yet instead an economics students who loves to talk about the subject matter.
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kobo
United Kingdom
7765 Posts |
Posted - 10 Sep 2007 : 01:56:29
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Ylowe! What are the economic effects of PRINTING MORE MONEY and the term of MORE CIRCULATION? Just a short economics LESSONS PLEASE!!!
Thanks!
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ylowe
USA
217 Posts |
Posted - 10 Sep 2007 : 02:15:34
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| Printing money is one way of raising revenue and i believe is called "Seigniorage" and the negative side is it causes inflation cause their will be more money chasing few goods and prices are likely to go up. Milton Fridman said "Inflation is always and everywhere a monetary phenomenon" tHis simply means inflation could be control by increasing and decreasing the money supply. During the great depression in the United states of america banks were closing and prices were skyrocketing and Milton Of the chicago school of economics and monetarism was telling what to do but noone was listening and they eventually did what he said Did i answer your question Brother KOBO. fOR THE gAMBIA OUR HOMELAND |
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toubab1020
12314 Posts |
Posted - 10 Sep 2007 : 12:08:20
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quote:
Originally posted by ylowe
.....Once again, if inflation is positive, then the Nominal GDP and Nominal GDP Growth Rate will be less than their nominal counterparts. The difference between Nominal GDP and Real GDP is used to measure inflation in a statistic called The GDP Deflator.
Ah! Got it you just don't compare like with like Its so "simple" really no confusing at all 
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 10 Sep 2007 : 12:38:13
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Ylowe Thanks! There is this PROBLEM of DIS-EQUILIBRIUM (COUNTER-BALANCE) between AMOUNT OF DALASIS FOR FOREX. As a layman I thought that can be fixed by easily PRINT MORE DALASIS AND CIRCULATE THEM.
Any MULTIPLIER EFFECTS on the ECONOMY and the FISCAL POLICY for PRINTING MORE DALASI (WHEN ITS REQUIRED OR NECESSARY). You can elaborate further please! |
Edited by - kobo on 10 Sep 2007 12:43:04 |
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toubab1020
12314 Posts |
Posted - 10 Sep 2007 : 12:42:19
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KOBO,
I am getting lost on this,its financial shuffling, nothing to do with the real world. |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 10 Sep 2007 : 13:01:29
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Its both financial (ACCOUNTS OF THE CENTRAL BANK)and technical (may apply to the real world or not realistic to suit the realities of a typical economy for e.g The Gambia).
Supported by DATA AND INFORMATION from Central government insitutions (e.g The Accountant General on Treasury, revenues & expenditures interpretation; Department of Statistics on data / statistics on the economy including trade, agriculture, tourism, employment, production etc)
For different USERS needs & interpretation(i.e Financial Analyst, Technicians, Economists, Statisticians, politicians, Donor Agencies, IMF & World Bank amongst others); naturally may not be useful to others (laymen, iiliterates and those lacking technical competence).
There may be different conflicting views then on this report to reflect the reality on the Gambian economy.
Overall one can sideline or ignore this report and assess the economy on the masses (costs of living). E.g. Check rices of basic commodities and travelling around The country; Cost of a cup of sugar is D35, A good candle cost D25 to D50; etc to make sense about The ECONOMY & DEVELOPMENT. |
Edited by - kobo on 10 Sep 2007 13:31:46 |
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toubab1020
12314 Posts |
Posted - 10 Sep 2007 : 14:37:11
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Well.there's a slapdown for me, I suppose I fall within the group of "laymen,illiterates and those lacking technical competence"
a bit sad really,normal people are not wanted within this topic obviously.If you pay D35 for a cup of sugar and D25 to D50 for a good candle,I am pleased that I fall into the above group and I don't shop at the market you use! |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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Edited by - toubab1020 on 10 Sep 2007 16:16:16 |
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kobo
United Kingdom
7765 Posts |
Posted - 10 Sep 2007 : 17:19:45
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TOUBAB. Sorry is that how you appreciate my points above? You are a NORMAL PERSON but also literate and very SMART to understand basic dynamics of the economy in terms of CONSUMER THEORY OF DEMAND & SUPPLY (PRICE, CONSUMPTION, MARKETS, PRODUCTION, JOBS, TRADE, CUSTOMERS & SUPPLIERS).
However I may err a bit but was trying to show a particular category of group that don't bother about this so-called good structural adjustment report of 7% on The Central Bank report. Those common CONSUMERS (indeed NORMAL PERSONS) understand real life situations; in particular have a sound purchasing power and afford means of survival as they endure with INFLATION, EXPENSIVE COMMODITIES, MEAGRE SALARIES AND LACK OF JOBS.
Thanks! |
Edited by - kobo on 10 Sep 2007 17:24:18 |
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toubab1020
12314 Posts |
Posted - 10 Sep 2007 : 18:28:45
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OK I take it that you accept perhaps you could have worked with your words with a little more care,so that readers would not make the implication that I did,which you did not intend.
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
Posted - 10 Sep 2007 : 19:53:54
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The TECHNICAL COMPETENCE is indeed relevant for SOUND ANALYSIS and INTERPRETATION of certain INFORMATION but EFFECTIVE COMUNICATION SKILLS to ensure MESSAGES are received and understood is another ISSUE (ART!)
I must acknowledge that its no points scoring but interesting interactions, EDUCATION and FUNFARE (Bantaba's diversity & open forum) and there are bound to be breakdown of communications at times.
"Simple is good!" |
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toubab1020
12314 Posts |
Posted - 10 Sep 2007 : 21:35:51
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Supply and demand rule in the real world and consequently reflect prices of commodities and everything else.
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"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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kobo
United Kingdom
7765 Posts |
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kobo
United Kingdom
7765 Posts |
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toubab1020
12314 Posts |
Posted - 12 Sep 2007 : 17:01:00
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KOBO,
You will probably find as I did that DO is off line at the moment see my topic Oh Dear! |
"Simple is good" & I strongly dislike politics. You cannot defend the indefensible.
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