Saturday, August 31, 2019

Beowulf- Christian or Pagan? Essay

Pointing out what makes up a Christian or pagan story will explain this most clearly. In a Christian story, it must have these elements: First of all, the story must have at least one of the characters believe in the one true God. Christ founded the Christians so the Christians must believe in what He says. Since, Christ taught the Trinity and that there is one true God, then it is a part of that religion – so a Christian story must have this belief. Secondly, a Christian story must have Christian virtues or values. Christ taught the New Law, which states to avoid violence and love your enemies, if necessary defend yourself. Jesus also taught the Beatitudes which states to be virtuous and generous – so a Christian story must also have those elements. On the contrary, a pagan story must have these elements: For instance, pagans believe in anything non-Christian. The definition of a pagan is a non-Christian – so whatever Christians do they do the opposite. If the story is mostly non-Christian then it is a pagan story. Also, pagans believe in myths. Since, Christians believe in one God and truth, then the pagans believe in many gods and myths. So, when the story has many gods and mythology and the characters believe it – it must be pagan. Look more:  beowulf essay Having explained the differences between a Christian and pagan story – it can go on to finding these elements in the epic. Beowulf has both aspects of pagan and Christian. A few of the many of these Christian elements are these: First, â€Å"holy God decided the victory. It was easy for the Lord, the Ruler of Heaven, to redress the balance once Beowulf got back up on his feet. † (lines 1553-1556). God helped Beowulf win this fight and he praises him for it. Beowulf believes in God so he knows that he could not have done it without Him. Second, â€Å"I was†¦ given full measure†¦ to choose from Hrothgar’s treasures†¦ King Hygelac, I am happy to present to you as gifts. † (lines 2145-2149). Beowulf was generous to give his rewarded gifts to his beloved uncle – so Beowulf had Christian values. He was not selfish and kept it all to himself, but gave to others like Christ gave. However, some of the pagan elements in Beowulf are these: Such as, â€Å"his glee was demonic, picturing the mayhem: before morning he would rip life from limb and devour them, feed on their flesh;† (lines 730-731) and â€Å"he dived into the heaving depths of the lake. It was the best part of the day before he could see the solid bottom. † (lines 1494-1496). The first reference was about Grendel, who was a mythical creature and he does not exist, which is pagan. The second reference was about Beowulf swimming and holding his breath for hours, which is impossible, so he has super human strength, so it is pagan. Including, â€Å"The Geat people built a pyre for Beowulf†¦ a wild litany of nightmare and lament: her nation invaded, enemies on the rampage, bodies in piles, slavery and abasement. Heaven swallowed the smoke. † (lines 3137 and 3152-3155). Christian stories never really end dark, saturnine, and foreboding. Also, his burial was a pagan one, so Beowulf does not know Christianity as well, to know that he asked for a pagan burial. Even though Beowulf can be both pagan or Christian, one must override the other. Beowulf is a Christian epic, Christianity overrides Paganism, for the storyline of Beowulf follows the storyline of Christ; making Beowulf as Christ. One example is when Beowulf was called, â€Å"protector of his people, pledged to uphold truth and justice and to respect tradition† (lines 1700-1701). Christ healed people individually from sin at first. Then same with Beowulf, he helps the town of the Danes, first. Additionally, Beowulf â€Å"was sad at heart, unsettled yet ready, sensing his death. † (line 2419-2420). Christ willingly fights Satan and dies to save his people. Anyhow, Beowulf also fights the dragon (devil) and readily dies to save his people (town). Moreover, â€Å"The lord of the Geats took eleven comrades,† (line 2401) and â€Å"the youth was to enter the line of battle with his lord. † (lines 2625-2626). Christ asks twelve to go with him to death, then one betrays, and the others fled; so the youngest (John) stays with him until death. A bit different in Beowulf, but it happens that he asks eleven to go help him fight the devil dragon, and they all fled except the youngest (Wiglaf), who stayed with him and fought with him until death. So it happens that, â€Å"The treasure had been won, bought and paid for by Beowulf’s death. † (lines 2847-2848). Christ dies to defeat Satan and win the spiritual lives of his people. Then, Beowulf also dies which kills the dragon and the â€Å"treasure† or his town’s lives were won and saved. Therefore, because the storyline of Beowulf is closely related to that of Christ’s storyline; it concludes that Beowulf is a fundamentally Christian story. The epic, Beowulf, is definitely a Christian epic, but it displays the transition from Paganism to Christianity; that is why there are some pagan aspects, for Beowulf and all his other relatives and fellow barbarians are still in the process of learning all the rules of the Christians. â€Å"Sometimes at pagan shrines they vowed offerings to idols†¦ the Lord God†¦ was unknown to them. † (lines 175-176 and 181-182); that stated that the barbarians were pagan, but converted. Therefore, Beowulf, has a few pagan aspects in it, but is primarily Christian.

Friday, August 30, 2019

Organization Planning, Project Management and Information

Application: Organization Planning, Project Management, and Information Technology The successful implementation and subsequent meaningful use of information technology solutions within a health care organization is a challenging and iterative process. The organization must engage in careful and ongoing strategic and tactical planning to ensure that the implemented technology will ultimately be effective and beneficial for its practitioners, staff, and patients.To prepare for this Application Assignment, review the information presented in this week’s Learning Resources on strategic and tactical planning for health information technology and the application of project management methodology by health care organizations to facilitate the implementation of its technology solutions. To complete this Application Assignment, write a 2- to 3-page paper in which you: Distinguish between strategic planning and tactical planning within an organization, delineating at least two key diff erences between them.Characterize the relationship between strategic planning and information technology, with consideration given to how this relationship ultimately benefits a health care organization. Explain how the application of project management methodology benefits an organization and, in the context of a health care organization, how it facilitates the implementation of that organization's information technology solutions. What does a healthcare organization do when they see the need for change or something new, like the advancement of information technology?Firstly, the organization needs to develop goals and that can be obtained by planning (Society for Human Resource Management, 2102). Now the organization needs to know how and when this change is going to take place (Project Management for Development Organizations, 2011). This paper will discuss in better detail in what takes place in organizational planning, project management, and information technology. Health care organizations have to plan so they will meet the expectations of their patrons and everyone within the organization.These health care organizations have two types of planning to follow, and they are tactical and strategic planning. When tactical planning takes place, there is a short term goal in mind (Society for Human Resource Management, 2102). The course of action for a tactical plan is to achieve a goal within a year or less time period (Society for Human Resource Management, 2102). A tactical plan has a smaller scope and shorter time span than a strategic plan (Society for Human Resource Management, 2102).It takes several tactical plans to achieve the strategic plan (Society for Human Resource Management, 2102). Strategic planning differs from tactical planning, because in strategic plan, the course of action is to achieve goals for the long term (Society for Human Resource Management, 2102). Strategic planning goals are usually wanted to be completed with five years (Society for Human Resource Management, 2102). The organization’s mission statement purpose and direction are reflected upon strategic planning (Society for Human Resource Management, 2102).Top management must view reports on operations, external environments and finances when looking to develop a strategic plan (Society for Human Resource Management, 2102). The development of tactical plans are influenced by strategic plans (Society for Human Resource Management, 2102). It is in every healthcare organizations interest to make a strategic plan for using information technology. Health care information technology or HIT will offer many opportunities in the United States health care delivery system (New York Health Care Commission ,n. . ). One of these opportunities would be quality improvements in the clinical setting, as well as more timely access to health information and patient records, and the reduction of medical errors (New York Health Care Commission ,n. d. ). In addition to th ese benefits of HIT, cost savings would result (New York Health Care Commission ,n. d. ). Instead of each physician’s office having a different paper copy of a patient records, HIT would allow an EHR or electronic health record (New York Health Care Commission ,n. . ). This EHR is the computerized version of patient records, so each physician would have the same access to the same patient information (New York Health Care Commission ,n. d. ). But the ultimate goal of the HIT is to allow a patient’s EHR to be access from anywhere in the country (New York Health Care Commission ,n. d. ). It is important to a health care organization to develop tactical plans for the use of information technology, because the goal is strategic. The HHS or the U. S.Department of Health ; Human Services has a strategic plan in place for the use of information technology, in which they want to improve the management on information technology performance and optimize the impact of information technology in three to five years (U. S. Department of Health ; Human Services, 2010). Project management methodology benefits an organization in several ways. With effective use, project management methodology provides a means of a cost effective use of limited resources, like funds and people (Project Management for Development Organizations, 2011).Project management methodology prevents duplication of efforts that has an impact on the organization’s developmental goals; which causes additional cost to the organization, reduces the amount of trust the organization’s donors and stakeholder to give and increases risks (Project Management for Development Organizations, 2011). The use of project management methodology helps deliver the expected outcomes to impact the community that the organization serves (Project Management for Development Organizations, 2011).More positive outcomes delivered due to a formal framework, the reduced risk of project failure, consistent re sults and increased productivity and efficiency are some benefits of project management methodology in the healthcare industry (Healthcare Information and Management Systems, 2007). Other benefits included are the improvements of quality and communications, the reduction of variability, standardization, and the increased chance of delivery to time, scope and budget (Healthcare Information and Management Systems, 2007).Project management methodology in the healthcare industry also provides a return on investments (Healthcare Information and Management Systems, 2007). There is a lot to entail when it comes to information technology at a healthcare organization because there are many projects in progress and limited resources, people and funds (Healthcare Information and Management Systems, 2007). Project management methodology provides the plan of how and when the implementation of the organization's information technology solutions needs to happen (Healthcare Information and Manageme nt Systems, 2007).This provides better fit of solution the first time through and allows problems to be resolved more quickly (Healthcare Information and Management Systems, 2007). In conclusion, organizational planning, project management, and information technology are important to a healthcare organization. Organizational planning provides the healthcare organizations with goals, from little goals to building up to more substantial ones (Society for Human Resource Management, 2102).Project management provides the healthcare organizations the ways and planning to accomplish these goals (Project Management for Development Organizations, 2011). In this stage of healthcare, information technology is the end goal because it will make practicing health more efficient and will provide better care to the patient (Healthcare Information and Management Systems, 2007). Within time, all healthcare organizations will achieve these goals. References Healthcare Information and Management System s (2007). Retrieved September 9, 2012 from http://www. imss. org/content/files/WhyHaveProjectManagementMethodology. pdf New York Health Care Commission. (n. d. ). Retrieved September 8, 2012 from website: http://www. nyhealthcarecommission. org/docs/hit. pdf Project Management for Development Organizations. (2011). Benefits of a project management methodology. Retrieved September 9, 2012 from http://www. google. com/url? sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CCYQFjAB&url=http://www. pm4dev. com/resources/edocs/doc_download/9-benefits-of-a-project-management-methodology. tml&ei=4RtNUPrZCqGQ2QXKiIG4Cw&usg=AFQjCNGGAqhvaHnGwdgg9wbKvyK9a-WTOg&sig2=DD97M5G-24-wMPx_lgiBng Society for Human Resource Management. (2102). Could you explain the difference between strategic and tactical plans and give examples of each?. Retrieved September 8, 2012 from http://www. shrmindia. org/could-you-explain-difference-between-strategic-and-tactical-plans-and-give-examples-each U. S. Department of Healt h & Human Services. (2010). HHS enterprise information technology strategic plan . Retrieved September 8, 2012 from http://www. hhs. gov/ocio/plans/itstrategicplan. html

Thursday, August 29, 2019

A Brief Background Of Tyco International Essay -- Dennis Kozlowski, Tyco

Tyco International was founded in 1960 and was regarded as an important electrical and electronic components provider, fire protection system maker and electronic security service provider. It is a diverse producing and serving corporation. Tyco has done business in over 1000 locations in 50 countries and hires 69,000 employees around the world (TYCO, 2012). Tyco International has expanded rapidly and broadly since its IPO in 1973 and has numerous companies among the Fortune 500. The firm’s revenue increased from $3.1 billion in 1992 to over $40 billion in 2004, with the firm’s market value estimated at over $100 billion (TYCO, 2012). Tyco has made numerous acquisitions, including 40 acquisitions since the 1980s. 1.1. A Diversified Company Fire and Security Services: This division is made up of two sub-divisions: electronic security services and fire protection contracting and services. The security services industry is highly competitive in North America. In the fire protection industry, Tyco competes with hundreds of local or regional business for contracts in North America. Electronics: This division is made up of two sub-divisions: electronics and telecommunications. The electronics industry is highly competitive; Tyco competes with both smaller and larger companies. In the competitive telecommunications sector, Tyco focuses on maintenance services on existing systems and selling bandwidth capacity. Health Care: Tyco Healthcare Group consists of seven primary business units: medical, surgical, respiratory, imaging, pharmaceutical, retail and international. This industry is less competitive on a local scale. Primary competitors include Johnson Johnson, Becton Dickinson and C.R Bar any today. In the years leading up to 2002, Tyco took full advantage of the subjectivity of the accounting in practice. Through various creative accounting practices, such as spring-loading, illegal sale of company shares for personal use, and a low-to-no interest employee loan incentive program, authoritative corporate figureheads misrepresented the firm to investors. The lessons that can be extracted from the proceedings of this scandal are the following: the intentions of a firm’s figurehead can have an effect on the firm’s financial statements; and corporate governance and a healthy corporate culture are paramount to best business and accounting practices. The Tyco accounting s candal very closely preceded the introduction of the Sarbanes-Oxley Act of 2002 that effectively aimed to protect investors in increasing firms’ and financial preparers’ accountability.

Wednesday, August 28, 2019

Economic concepts assignment Example | Topics and Well Written Essays - 1000 words

Economic concepts - Assignment Example It is easy to identify, recognize and account for the explicit cost because these costs are documented in the company’s statement. Additionally, physical objects and money based transactions are usually involved in explicit costs (Arnold, 2008). Implicit cost: Implicit costs are also known as implied costs, economic costs, or notational costs. It is directly opposite to the explicit cost. Implicit costs are not actually exposed or accounted as costs. Implicit costs are commonly explained as opportunity costs or the loss of an opportunity in a specified time or condition. Implicit costs are usually related with the intangibles assets and often cannot be traced or documented. These costs include: waste of potential opportunities, wastage of time, and profit wastage. Implicit costs give up the potential paybacks and agreements in a certain transaction of business. Just place, an implicit cost is the loss of a potential profits or assets that did not come about (Gartner, 2009). QU ESTION # 2 U shape cost curve: It is a representation of how the average cost for manufacturing a single unit changes over with the passage of time. The average cost of manufacturing per unit is high in the beginning and decreases as overall production increases. It is because of the fact that the same fixed cost is shared by more units or product. However, if the marginal cost of producing one more unit increases the overall cost again starts to increase because of the diminishing returns. Hence, when it is plotted on a chart, the cost curve seems like the letter U and for this reason is known as U shaped cost curve (Leamer, 2009). Long run cost curve: The long run cost curve is also called cost function in the microeconomic theory. It relates the cost of production to the amount of production and shows the implications of the long run decisions and proceedings on the cost of production of the company. The long run cost curve is the combination of several short run average cost cur ves and is generally U shaped because of the law of diminishing returns (Mankiw, 2009). Average cost curve: The average cost or unit cost is identified by dividing the total cost of production to total number of units produced in the company. An average cost can vary with passage of time with the increase or decrease in the cost of production. The average cost curve is also U shaped because of the fixed cost being shared by increasing products and at the same time marginal cost increasing because of the diminishing returns (Wessels, 2000). QUESTION # 3 Law of diminishing return: This concept of economics stating that, as the quantity of new input (workers, materials, etc.) increases, the marginal product of an added input at same position will be less than the marginal product of the preceding input. For example, consider a plant that uses manual workers to manufacture its items for consumption. If every other factors of production stay constant, at one stage each added worker will give less output then the preceding worker. When this stage is confronted then each extra worker will give less and less returns. If new workers are continuously added, the factory will in the end turn out to be so crowded that added workers in point of fact reduce the competence of the other workers, lessening the production of the plant. Another general example of law of diminishing returns is described as follow: If the population of the city increased then per capita income is decreased. And

Tuesday, August 27, 2019

Discussion Week 8 Assignment Example | Topics and Well Written Essays - 250 words

Discussion Week 8 - Assignment Example One day she calls me and tells me she wanted 34 perfumes that different friends had asked for. This was the biggest order I had ever landed. I did not have the all the perfumes she wanted on hand, but I called my supplier and purchased the perfumes I needed. This was a great experience for me. Word of mouth advertising can help increase consumer sales because this is a way for customers to recruit other customers. The outcome of the encounter was that I was able to achieve my biggest sale by providing great customer service to a client. The customer recruited other clients for me as a favor. As a consequence of this event I was motivated to continue my self-employment. A few months later I found a full-time job and stop selling perfumes. The salesman experience helped me improve my people skills. A mistake that I regret associated with the 34 perfume sale experience was that I did not follow on that sale after obtaining such as good sales lead. A way for a business to prosper is by increasing its customer retention rate. Increasing the customer retention rates can help increase the profitability of a firm

Monday, August 26, 2019

Nursing Informatics Essay Example | Topics and Well Written Essays - 750 words

Nursing Informatics - Essay Example Susan J. Grobe. The two are known for their contributions in health information technology and nursing informatics education and science. Both Dr. Thede and Dr. Grobe used the term health informatics to refer to the practice of informatics and applied research across public and clinical health domain. These pioneers developed the techniques and methods that are very relevant across major application areas in clinical and public health that aided the advancement of nursing practice. Some of the contributions of these two pioneers included the development of clinical research informatics, translational bioinformatics, consumer health informatics, clinical informatics, and public health informatics; all of which have greatly influenced nursing practice in terms of efficiency and effectiveness (Calvin, 2009) The two pioneers have made individual accomplishment in nursing informatics. For example, Dr. Linda Q. Thede participated in various committees in Kent State University implementing and studying computer uses in nursing practice and distance education to nursing practitioners. Dr. Linda Q. Thede also taught nursing informatics and assisted the faculty in applying information technology to clinical health and nursing records. Dr. Thede is currently the editor of Computer Informatics Nursing Plus. Her contributions to nursing practice have advance the storage of medical records and nursing practice. She authored two Nursing and Informatics editions. She regularly recommends nursing informatics to practitioners through her Informatics column in OJIN. Dr. Susan J. Grobe too has made considerable individual accomplishment in nursing informatics (Bonnie, 2001). Dr. Susan J. Grobe is recognized for her major contributions to nursing informatics science and education. She was the first to host a conference of national continuing education on Computer Assisted Instruction (CAI) at The University of Texas. With the financial aid from USDHHS, the Division of Nursing and L ippincott JB, Dr. Susan J. Grobe developed the module of Nursing Education Authority System (NEMAS): a software program used in creating Computer Assisted Instruction (CAI) modules on nursing process. Progressively with more funding from the National Library of Medicine (NLM) and the National Institute for Nursing Research (NINR), Dr. Grobe developed the Nursing Intervention Lexicon and Taxonomy (NILT). She also studied automated classification of nursing interventions. She is also recognized for the following: first of two nurse fellows that were elected to the American College of Medical Informatics (ACMI); the very first nurse to host for the International Medical Informatics Association (IMIA) Nursing Informatics Symposia; and the first nurse to be invited to serve on the NLM Board of Scientific Counselors. A lot of contribution to nursing informatics can be noted in her publications which are very extensive in educational and scientific journals. Dr. Susan J. Grobe also authore d Computer Primer and Resource Guides for Nurses (1984), one of the first computer books for nurses (Alla, 2008). Generally, the two nursing informati

Sunday, August 25, 2019

Internet Marketing Project Essay Example | Topics and Well Written Essays - 5250 words

Internet Marketing Project - Essay Example In the onset of advanced information technology, internet marketing has become an integral part of its existence. Marketers use this as an opportunity to market their products and service offerings. The purpose of this report aims to create a comprehensive web traffic and marketing plan to promote and develop the Facebook group website--MarketNet. The information and ideas used in this report are coming from reliable journal articles and relevant textbooks. All ideas especially in the section of web market plan include important marketing concepts that are practically obtained from various marketing studies. Central Queensland students are increasing in number and they are coming from local and international. The increase of students ensures increase of website traffic at Alexa, the Central Queensland University website. It is found that from demographics, psychographic, geographic and behavioral analysis, students tend to appreciate the value of website for them to use relevant information based on their needs. The Web Traffic Plan is a comprehensive strategic move to ensure successful implementation of marketing objectives prior to increase web traffic for MarketNet. The plan started with different marketing objectives then followed by strategic moves based on the principles of extended marketing mix. Finally, the proponent tries to indicate important activity measures that will help ensure that the marketing objectives are remarkably achieved. ... in traditional approach of sharing information about their product or service offerings, but specifically on employing the best strategies by using the full potential of internet. Today, marketing finds its way through social network sites. It tries to implement this by ensuring remarkable traffic. However, social network sites need also to promote themselves. In the case of Facebook, competition is very tough. There are various social network sites that try to compete in order to become a cut above the other. Thus, the goal for each of them especially for Facebook is to market this site. One way of doing this is to ensure high traffic and substantial marketing plan. 1.2 Aims This report aims to create a comprehensive web traffic and marketing plan to promote and develop the Facebook group website--MarketNet. 1.3 Scope This report includes the following: target audience analysis of the marketing students at Central Queensland University, and web traffic plan for the promotion and dev elopment of Facebook group website MarketNet. The information and ideas used in this report are coming from reliable journal articles and relevant textbooks. All ideas especially in the section of web market plan includes important marketing concepts that are practically obtained from various marketing studies. 2.0 Target audience analysis (Central Queensland University marketing students ) In order to help analyze this part, the proponent uses database graph from Alexa which can be found from the following website: http://www.alexa.com/siteinfo/cqu.edu.au. In the following subsections, parts of the target audience analysis include discussions in line with demographics, psychographics, geographic and behavioral. 2.1 Demographics Table 1. Search Traffic of Central Queensland University’s

Facebook Essay Example | Topics and Well Written Essays - 500 words - 2

Facebook - Essay Example Ashley Watson lists Starbucks, Victoria’s Secret, Zara, McDonalds, H&M, Taco Bell, Subway, Lacoste, Hollister and Forever as the top ten most liked retailers advertising on Facebook and claims they are selling themselves on the site as they discovered it as an innovative way of letting themselves be known to consumers. The advertisers on Facebook generally let their products known on the networking site because of the number of people they can reach as friends of targeted consumers see what they are engaged with when they click on the like button below the pictures of advertisers (Stambor). In addition, Facebook advertising is cheaper on the part of the retailers while they are still able to reach more consumers with the help of their prospects’ free advertisements tot their friends. As mentioned earlier in the ads of Facebook, retailers are also able to interact with customers, telling them more about their products and answering questions which makes consumers appreciate or give suggestions to the retailers. Being the top among the ten retailers mentioned earlier, Starbucks gained its status with a well done Facebook page (Lee) where they communicate with their customers, updating them with new products, promotions and other pertinent information that engage their fans. One noted activity of the retailer is giving away free products when they print out invitations from their advertisement on the networking site which increased their production within the promotional period. Another retailer that took great advantage of the site’s advertisement page is the controversial Taco Bell (Lee, Singer) with the lawsuit claiming its Taco fillings do not meet the standard requirement of the USDA to be labeled as beef, the retailer used Facebook to pacify consumers. It is giving away ten million coupons to those who like them on Facebook which consequently entitles them for free Tacos and the more than five million followers of Taco Bell

Saturday, August 24, 2019

Monetary policy Essay Example | Topics and Well Written Essays - 1000 words

Monetary policy - Essay Example The normal fluctuation rate dictated by ERM is + or – 15 percent. However, countries that are able to maintain very high degree of convergence to the Euro can negotiate narrow fluctuation band (range). For example, Danish fluctuation rate has been allowed a narrow range of + or – 2.25 percent because it was able to maintain excellent convergence to the euro. The main reason of controlled currency fluctuations is to minimize foreign currency risks caused by high and sudden currency value fluctuations. Stabilization of the national currency through pegging system helps to promote trade by minimizing trading barriers. Trade barriers (increase in currency exchange costs) result from sudden fluctuations in foreign currencies that may increase cost of doing international business. Pegging currencies in the euro zone was aimed at speeding up the adoption of single market. In the event that European Union member currency surpasses predetermined currency fluctuation range, the E uropean Central Bank and the central bank of that nation should intervene by fixing foreign exchange rates consistent to country’s economic needs. This is in a bid to ensure that the exchange rates are kept within the fluctuation range. The European Central Bank can advance short term loans to rectify currency fluctuations in the short run caused by instant speculative pressure. However, short term interventions by The European Central Bank can be suspended if interventions contradict with objectives and aims of both the European Central Bank and country’s central bank. Membership to EMR II is not mandatory but is a prerequisite foe any country, which wants to join the euro zone. No country will be admitted to euro zone until it participated in EMR II for at least two years with no severe tensions and devaluations. ii) Advantages and disadvantages of resulting from agreements with EU to Peg the Pound to the Euro and join the European Monetary Union a) Pegging the Pound to the Euro When a country is pegged to a euro, movement in the euro is followed by movement in the currency associated with it. There are some advantages associated with pegging the pound to the euro. First, the euro is becoming popular. Euro has become favorable international currency for most governments. Most countries outside the euro zone have already pegged their currencies to the euro and are enjoying financial stability. Euro provides shelter against unexpected drops in individual currencies. Bulgaria, Estonia, Lithuania, Bosnia, Herzegovina and Cape have not adopted the euro but have pegged their currencies to the euro. This makes the euro stronger and stable. Secondly, pegging pound to euro will reduce pounds’ fluctuations (shocks). Pound will gain strength and stability as euro gain strength. According to Ghosh et al (2002), pound will achieve more clarity, transparency and predictability if pegged to the euro. This is because currency pegging imposes necessary d iscipline when country is dealing with foreign exchange currencies. Third, pegging pound to euro helps to enhance pound’s credibility. Credibility will be achieved when pound is pegged to euro, which has lower and increasingly predictable rate of inflation. There are disadvantages associated with pegging pound to the euro. First, pound is likely to lose value when euro loses value. This is because changes in anchor currencies will affect associated