chim socheat's Page

    I am writing to show some approach to life. Some say life is spontaneous. Life has its flow as if it is decided by the divine god. It is useless to struggle in this world. When we have failure or success, we can say it is fate.      To against this, some say we have to devise plan or goal of life to be successful in life. We can use our imagination to devise our plan, and everything will goes according to our imagination. And they declare that we are the master of our own destiny. We are…See More

   I argue in this statement is that we cannot conduct monetary policy in dollarized economy.First we need to understand what monetary policy and dollarized economy is.       Friedman said in recession monetary expansion can rescue the economy by lowering interest rate and then boost investment. How central bank conduct monetary policy are followed;a.       lower reserve requirement at central bamkb.      open market operation by buying government bondc.       increase lending to commercial…See More