International economics Essay Example | Topics and Well Written Essays - 250 words

International economics - Essay Example The main advantage of this system was the elimination of the costs of converting currencies and exchange rates uncertainties. This system also brought with it increased transparency, efficiency, and inward investment. Among the disadvantages was the one size fits all policy. When one country was doing badly and the rest were booming economically, the central bank might be interested in increasing the interest rates, this would make the situation worse for the country experiencing a recession. Also some countries may be reluctant to improve their economy with the hope that countries doing well would bail them out. Portugal, Greece and Spain have been the poor performers of the Eurozone. These countries have shown the disadvantages of having a fixed currency regime. Ever since these nations adopted the Euro, they have been unable to implement the required measures for independent monetary policy in order to mitigate the effects of an economic downfall in the Eurozone. European Union leaders have been giving stabilization packages to bail out these countries and maintain stability in the Eurozone but these countries are still lagging behind. Despite the many advantages a fixed currency regime has to offer, Portugal Greece and Spain prove

SPECIAL EVENT PART 2 Coursework Example | Topics and Well Written Essays - 250 words

SPECIAL EVENT PART 2 - Coursework Example Even though the police had a right to maintain law and order in Miami Beach during the festive season, they have no right to arrest people who are trying to find out why their friends have been arrested. The police also needed to be sensitive to the fact that the visitors to the city had come from different States with different cultures. These visitors were therefore inclined to engage in behaviors that were weird and strange to other people. Such should not attract arrests but only a warning. I think that the police had directives from the Police chief to make a certain number of arrests to show that they were really working hard. This is the reason why they ended up arresting anyone whom they thought was breaking the law, which in some circumstances did not exist. An example is there was not law outlawing arguing with friends after having a drink. But the police interpreted this as a sign of misdemeanors. What the police department does is to come up with stringent laws that they do not expect to be followed by hundreds of become who have come down the beach to have fun. Someone would not expect that laws such as drinking, loud music, or even prohibiting littering will be adhered to people especially the youth who are coming down to lay their stress. â€Å"Increasing the number of arrests is yet another way they have tried to control the rowdy people that come down for the weekend. They enforce laws such as open containers, illegal parking, and loud music†. This seems to be their motto. I think what the Miami Beach police does is to deliberately come up with laws that they know very well that it is difficult to adhere to especially with a crowded and excited