Are Students Below? Is Your Final Set Up In Turnitin Dropbox

Studentsbelow Is Your Final I Set Up A Turn It In Dropbox Ive

Students, below is your final. I set up a "Turn It In" dropbox. I've never used this before, and I want to know how it works. Please let me know if you have any trouble. For every question, I want a 2-page answer at least.

Paper For Above instruction

Question Set A

Question A1

Mishkin and Rogoff both have ideas about the costs and benefits of financial globalization. Considering their perspectives, and inferring Kling's viewpoints from his essay (Not What They Had in Mind), analyze the following aspects:

• Why, according to Mishkin and Rogoff, might an international institution succeed when domestic institutions cannot?
• What actions would an international institution undertake during a financial crisis?
• What benefits would a robust international financial institution provide to the global financial community?
• What are the disadvantages or potential risks associated with creating a strong international financial institution to manage crises?

In your answer, incorporate insights from Mishkin’s article on global financial instability, Rogoff’s article on the same topic, and Arnold Kling’s critique of policies that led to the Great Recession. Additionally, hypothesize Kling's views on international financial institutions, especially regarding their effectiveness, challenges, and possible pitfalls, despite his focus on domestic US policy.

This comprehensive analysis should explore the comparative effectiveness of international versus domestic institutions during financial upheavals, their roles in crisis management, and the socioeconomic trade-offs involved in establishing such global entities. Be sure to substantiate your points with examples and references from the readings.

Question A2

Listening to Munger’s discussion on the nature of the firm and Kling’s insights on progress, analyze the following:

• Summarize Munger’s perspective on why firms exist and their fundamental purpose.
• Explain Kling’s view on the concept of progress—how progress is achieved and its significance.
• Describe how these two perspectives intersect, particularly focusing on how firms have managed to keep pace with technological and societal advancements over the last century.
• Discuss how management of firms, especially regarding personnel, has evolved over the past 100 years in response to ongoing progress.

Your response should detail the mechanisms through which firms adapt and innovate, the challenges they face maintaining competitiveness, and how these philosophies underpin the modern corporate landscape.

Question Set B

Question B1

Both John Taylor and Robert Lucas believe that monetary stimulus can influence the real economy in the short term, but they describe different mechanisms behind this effect.

• Identify and explain the similarities in their views on how monetary policy affects the economy.
• Detail the differences, especially concerning the transmission mechanisms they emphasize.

Using Taylor’s article on monetary transmission mechanisms and Lucas’s Nobel lecture on monetary neutrality, compare their perspectives on how monetary policy influences output, employment, and prices.

Discuss the policy implications of their differing views, considering the potential effectiveness and limitations of short-term monetary stimulus as understood through their models.

Question B3

Mishkin provides an explanation of the fundamental functions of banks within the financial system. Address the following:

• Describe the core roles banks play in the economy, including deposit-taking, lending, and payment services.
• Explain what happens when banks are unable to perform these functions effectively, especially during financial crises.
• Discuss the concept of asymmetric information—how it affects banking operations and leads to issues like moral hazard and adverse selection.
• Illustrate these points with examples of financial instability or crises where banks’ failure to function properly exacerbated economic downturns.

Your answer should demonstrate a comprehensive understanding of banking’s role in economic stability, emphasizing the importance of trust and information symmetry in financial intermediation.

References

• Mishkin, F. S. (2016). The Economics of Money, Banking, and Financial Markets. Pearson.
• Rogoff, K. (2002). Global Financial Stability and Reform. IMF Economic Review, 50(4), 909–921.
• Kling, A. (2012). Not What They Had in Mind: A New View of the Role of Policy in the Financial Crisis. Heritage Foundation.
• Munger, C. (2013). The Nature of the Firm. Speech at the University of California.
• Lucas, R. E. (2000). Nobel Lecture: Monetary Neutrality. Journal of Political Economy, 108(6), 1138–1148.
• Taylor, J. B. (1993). Discretion versus Policy Rules in Practice. Carnegie-Rochester Conference Series on Public Policy, 39, 195–214.
• Bernanke, B. S. (2007). The Financial Accelerator and the Credit Channel. Federal Reserve Board.
• Friedman, M. (1968). The Role of Monetary Policy. American Economic Review, 58(1), 1–17.
• Gorton, G. (2010). Slapped by the Invisible Hand: The Power of Market Forces to Create and Destroy Financial Markets. Oxford University Press.
• Kaminsky, G. L., & Reinhart, C. M. (1999). The Twin Crises: The Causes of Banking and Balance-of-Payments Problems. American Economic Review, 89(3), 473–500.