1. Why do businesses prefer arbitration.6 Usually cheaper than litigation: resolving a case through arbitration is usually far less costly than proceeding through litigation because the process is quicker and generally less complicated than a court proceeding. Faster than litigation: according to a recent study by FMCS‚ the average time from filing to decision was about 475 days in an arbitrated case while a simila case took from 18 months to 3 years to wend is way through the courts. Flexibility:
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This PDF is a selection from a published volume from the National Bureau of Economic Research Volume Title: China ’s Growing Role in World Trade Volume Author/Editor: Robert C. Feenstra and Shang-Jin Wei‚ editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-23971-3 Volume URL: http://www.nber.org/books/feen07-1 Conference Date: August 3-4‚ 2007 Publication Date: March 2010 Chapter Title: China ’s Current Account and Exchange Rate Chapter Author: Yin-Wong Cheung‚ Menzie
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Until 1997‚ Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result the region’s economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time‚ the regional economies of Thailand‚ Malaysia‚ Indonesia‚ Singapore‚ and South Korea experienced high growth rates‚ 8–12% GDP‚
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CHAPTER 2 INTERNATIONAL MONETARY SYSTEM SUGGESTED ANSWERS AND SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS QUESTIONS 1. Explain Gresham’s Law. Answer: Gresham’s law refers to the phenomenon that bad (abundant) money drives good (scarce) money out of circulation. The phenomenon was often observed under the bimetallic standard under which both gold and silver were used as means of payments‚ with the exchange rate between the two metals fixed. 2. Explain the mechanism which
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Gold—forms a significant part in the cultural fabric of India. It is ingrained in the minds of the Indians not just as a precious commodity‚ but as a symbol of religious and cultural belief. The economic history of any civilization cannot be told without its precious commodities. Some which would have been precious centuries back can be completely insignificant today. But gold is one thing that was and still is a very valuable product through which transactions were made across continents and civilizations
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Industry Overview In its broadest sense remittances refer to cash or in kind transfers from one place to another. The main reason for the renewed attention is the growing volume of official financial remittances to low income countries and their potential contribution to the economic development of the receiving regions. According to estimates of the World Bank (2005) developing countries received 126 billion US$ in 2004 in official remittances. Since independence in 1971‚ Bangladesh has received
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How Progression of FERA to FEMA has helped Indian markets for healthy growth & decent Forex reserves Prepared by: Ashish Anchaliya (03) Jay Barchha (05) Rahul Govil (07) Swati Jain (09) Vipin Kumar (11) NMIMS FERA TO FEMA: Independence ushered in a complex web of controls for all external transactions through a legislation i.e.‚ Foreign Exchange Regulation Act (FERA)‚ 1947. There were further amendments made to the FERA in 1973 where the regulation was intensified. The policy was
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25.3.44. When Honda‚ a Japanese auto maker‚ built a factory in Ohio‚ A. It was engaged in foreign direct investment B. It was engaged in portfolio investment C. It was engaged in a cross-border acquisition D. None of the above. 26.3.45. Government controlled investment funds‚ known as sovereign wealth funds‚ A. Are playing a less-important role in international finance following the end of the fixed exchange rate era B. Are mostly domiciled in Asian and Middle Eastern countries. C. Are
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Chapter 5: The Open Economy 1. In a small open economy‚ if exports equal $20 billion‚ imports equal $30 billion‚ and domestic national saving equals $25 billion‚ how much are net capital outflows? Answer:–$10 billion NX = capital flows = 20-30 = -$10b 2. In Micronesia‚ which is a small open economy‚ if exports equal $5 billion and imports equal $7 billion‚ what is Micronesia’s trade balance? Answer: Micronesia has a deficit trade
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Price Elasticity of Gold Group name: In-Demand The general inverse relationship between price and demand is a key fundamental in economics. A rise in price is known to shrink demand and vice versa. However‚ another important factor in economics is the price elasticity of demand‚ which can be interpreted as the percentage change in demand relative to the percentage change in price. Basic goods tend to be of low elasticity‚ thus the change in price has little effect on demand‚ while luxury goods
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