1. International Business Issue - Can Bitcoin be a stable currency for international business? Definition‚ Application‚ and Prospection 1)What is Bitcoin? Bitcoin is an open source peer-to-peer payment network and digital currency introduced in 2009. It is the first decentralized digital currency. It is the digital coin that you can send through the internet. Compare to other alternatives‚ Bitcoins have a number of advantages. Bitconins are transferred directly from person to person
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France in the late 1780s In 1780‚ France was ruled by King Louis XVI. He was an absolute monarch‚ meaning he had power over everything. My father was one of Louis’ closest friends‚ and he had told me when I was a young girl‚ that he was a very selfish man. King Louis and his wife‚ Marie Antoinette‚ taxed the citizens of France and used the money on their own luxuries. However‚ they became bankrupt‚ causing France to be in even more of a financial crisis. My father also told me stories of how King
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risk with either currency futures or currency options. It is generally suggested that hedgers should choose a hedge instrument that matches the risk profile of the underlying currency position as closely as possible. This advice‚ however‚ ignores the possibility that the hedging effectiveness may differ for the alternate risk management tools. This study compares the effectiveness of currency futures and currency options as hedging instruments for covered and uncovered currency positions. Based on
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According to Doing Business Report 2012‚ the most notable indicator of ease of doing business in France is Enforcing Contract which ranks 6th out of 189 countries (The World Bank 2012). This high rank is driven by the data enforcing a contract average takes 29 procedures‚ 331 days and costs 17.4% of the value of legal claim when a contract breach happens(The World Bank 2012). It is generally appreciated that contract is significant important for doing business such as resolving commercial dispute
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Case Study Essay – Hedging Currency Risks at AIFS The American Institute for Foreign Study (AIFS) is offering cultural exchange programs for American students and High School pupils throughout the world. Their customers have the possibility to go abroad while the AIFS organises the whole trip for them. Due to their business model the revenues of the company are denominated only in USD‚ since the offer is for American students who pay in USD. Meanwhile the costs of the company is mostly denominated
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On top of this‚ Napoleon helped to calm France down after the revolution. He centralized the government‚ supported science and the arts‚ and helped to once again improve the relationships of the Pope and France. Napoleon also instituted the Napoleonic code‚ which ended privileges at birth‚ instituted freedom of religion‚ and instituted a civil service that made government positions went to the most qualified in the field. In 1802‚ Napoleon instituted an amendment in the French Consul that made him
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AIFS Case Finance in a Global Environment Rochester Institute of Technology Group 4 Mengjie Ban Liu Gu Danielle Sherwood Bill Speight Mohamed Waheed Summary The American Institute for Foreign Study‚ also known as AIFS‚ is a student exchange organization that specializes in academic and cultural exchange programs for both college and high school students. The AIFS was founded by Sir Cyril Taylor in 1964‚ in the United States‚ and is split into two divisions: the Study Abroad College
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ACFI 703 March 27‚ 2013 Hedging Currency Risks at AIF The American Institute of Foreign Studies (AIFS) is a company that organizes student exchange programs worldwide with two main divisions. The College Division arranges academic years and semesters or summer schools. The High School Division organizes 1-4 week educational travels for students and teachers. More than 50‚000 students participate each year in exchange programs of AIFS‚ which leads to annual revenues of around $ 200 million. AIFS
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I. Principal industries 1. What proportion of the GNP does each industry contribute? The leading industrial sectors in France Percentage Aerospace and defense 9.1% Telecommunications (including communication satellites) 3.3% Research and development 2.26% Pharmaceuticals 1.52% Chemicals 1.21% Other 1.31% Total 18.7% 2. Ration of private to publicly owned industries: 1.2 French public sector firms grew to account for 21% of sales‚ 23% of employment‚ 28% of value-added‚ 30% of exports‚ and 53% of
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1. What is your assessment of today’s airline industry? Answer 2. Given your results‚ what are the main factors enhancing globalization in that industry and why? Answer Porter’s 5 Force Analysis – Airline Industry Bargaining power of Suppliers Bargaining power of Buyers Potential Entrants Threat of substitute services Competitive rivalry among airlines Easy access to finance has made it very easy for potential entrants to entre the airline market. In addition‚ airline industry still enjoys
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