Global imbalances‚ Reserve currency‚ and Global economic governance The accepted hypotheses for the root cause of global economic imbalances are: 1) East Asian economies’ export-led growth: recently the integration with international markets leads to an import and export expansion making the trade surpluses in EA dramatically increase. It had a great success in EA producing higher living standards and poverty rates declining. This cannot be the main cause for the emergence of large global imbalances
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dollar weakens‚ other currencies necessarily increase. The euro is now trading above $1.48 to the dollar‚ a record high. And the Japanese yen is stronger than 109 to the dollar‚ a two-year high. All currency movements proximately reflect differentials in short-term interest rates. The weakness in the dollar over the last two months was caused by the Federal Reserve’s interest-rate cuts in September and October. Underlying economic fundamentals in each respective currency zone also affect exchange
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& Sachs 1998; Glick 1998). Partly because US market was the most important market for exports‚ the ‘export-depended’ ASEAN countries pegged their currencies to the US dollar. This pegged system worked well before 1995 as dollar fell against yen and was weak. However‚ since the second half of 1995‚ dollar began recovering against yen and other currencies. For illustration‚ by mid-1997‚ the value of dollar against yen rose by over 50% and against the German mark rose by 20%. Hence‚ this sharp dollar
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whether Macau MOP should shift currency peg form HKD to RMB 6 1.1.1 From Macau Pataca should peg with RMB point of view6 1.1.2 From Macau Pataca should peg with HKD point of view 7 Conclusion8 Reference9 1. Introduction There are many reasons to celebrate Macau’s economic growth which enabled Macau push up the exchange rate of domestic currency Pataca. Unfortunately‚ the Pataca has been depreciating rapidly the currency RMB‚ its largest trading partner
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Financial Management Review on Swaps‚ Solution 1. The term interest rate swap A. refers to a "single-currency interest rate swap" shortened to "interest rate swap" B. involves "counterparties" who make a contractual agreement to exchange cash flows at periodic intervals C. can be "fixed-for-floating rate" or "fixed-for-fixed rate" D. All of the above 2. Suppose the quote for a five-year swap with semiannual payments is 8.50—8.60 percent. The means: A. The swap bank will pay semiannual fixed-rate
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eThe gap between rich and poor Wife Swap is an American TV show in which two mothers/wives from completely different social classes or lifestyles switch houses and families for two weeks. The show is a way of revealing the diversity of American values and lifestyles and sometimes it may be a shock to cope with people who differ culturally and socially. In this way‚ Mark Beauvais and Steve Clayton represent two completely different social classes‚ which can be identified in their economic situation
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Dear Marina‚ Land purchase costs • The results of the tender will be known in 3 months’ time. So‚ we would want a swaption that begins in 3 months to hedge the $75m purchase costs. • The organisation wants to protect itself for 2 years (i.e. 1 year for planning and 1 year for building). • The organisation wants to protect against rising interest rates‚ so would like to pay fixed (i.e. Payer swaption). We know that‚ if we win the tender‚ we will purchase land costing $75m in 3 months’ time
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Challenges 26 A Derivatives Instruments 30 A.1 Forwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 A.2 Futures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 A.3 Swaps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 A.4 Options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 A.5 Credit Derivatives . . . . . . . . . . . . . . . . .
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Hello everyone‚ this is (YOUR NAME) here with the (X – 1st‚ 2nd‚ 3rd…) entry in the company review interview in my new blog series here on YOURWEBSITE.com. I’m here with (INTERVIEWEE NAME) a partner in XYZ COMPANY. So since you’re here looking for more information about this company‚ this interview is going to provide you with an insider’s perspective of XYZ COMPANY and also give you further information about XYZ COMPANY so you can make an educated decision about joining the XYZ COMPANY. So let’s
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Wall Street 2 In the movie Wall Street 2 Money Never sleeps the main character is Jacob Moore and he is a proprietary trade working for Keller Zabel Investments. Jacob is a young ambitious trader looking to make a name for himself and enjoy a good life. His girlfriend Winnie Gekko is the daughter of the Gordon Gekko. Gordon Gekko is the former high roller who lost all his wealth and was sentenced to eight years in prison for inside trading. The movie starts off with Gordon Gekko being released
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