2. Religon Historically‚ the Catholic religion played a very important part in politics and law. Before changes were made to the Constitution in 1994‚ the two top leaders of Argentina had to be Roman Catholic. Today‚ although officially 90% of Argentinians are Roman Catholic‚ fewer than 20% attend church regularly. Most go for weddings‚ funerals and major feast days. Many Argentinians make annual pilgrimages to holy sites and local shrines. The most popular place is Luján‚ 65 km west of Buenos
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Mexican tax law‚ devaluation probability and returns in Mexican money-market investments. Country-specific factors include the Mexican economic and political environment. Given that interest rates in US dollars are significantly lower than in Mexican pesos‚ we compare the four financing options by also taking into consideration the positive returns provided by Mexican economic policy regarding domestic investments in monetary assets. We conclude with a sensitivity analysis of our assumptions by highlighting
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Contents 1 Introduction to derivatives 1.1 Derivatives defined . . . . . . . . . . . . . . . . 1.2 Products‚ participants and functions . . . . . . . 1.3 Derivatives markets . . . . . . . . . . . . . . . . 1.3.1 Spot versus forward transaction . . . . . 1.3.2 Exchange traded versus OTC derivatives . 1.3.3 Some commonly used derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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AUTOLATINA: An International Partnership that ended up in a Divorce: Ford - Volkswagen Joint Venture in Brazil Autolatina‚ a joint venture of Ford and Volkswagen (VW)‚ was created in 1987 in Brazil. The partners created the new company in order to serve the highly protected car markets of Brazil and Argentina from within. In addition‚ their goal was to create a giant theoretically invincible in the Latin American market. The partners’ strategy was to share the risk of operating in a volatile market
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Case Study: Expropriation of YPF by The Argentinean Government. YPF (Yacimientos Petrolíferos Fiscales) is an Argentinean company engaged in the exploration‚ exploitation‚ distillation‚ distribution and sale of petroleum and its products. It is the largest company in Argentina‚ employing more than 46‚000 people. It was founded as a state enterprise in 1922 but In 1992 was privatized given that it had ceased to be profitable‚ few years later in 1999‚ YPF was acquired by the Spanish company Repsol
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Homework Chapter 3 Questions 1. Utah Bank’s bid price for Canadian dollars is $.7938 and its ask price is $.81. What is the bid/ask percentage spread? 2. Of what use is a forward contract to an MNC? 3. If a euro is worth $.80‚ what is the value of a dollar in euros? 4. What is the function of the Eurocurrency market? 5. Why do interest rates vary among countries? Why are interest rates similar for those European countries that use the euro as their currency? Small Business Dilemma Use
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Canadian honey is $1.08 Canadian dollars per pound. Harrington Honey has proposed three main options: a) 100% pure Canadian honey‚ which costs $1.75/lb; b) 100% U.S. honey at $1.10/lb in U.S. dollar ($1.79 Canadian dollar); or c) 50-50 Canadian-Argentinean honey for $1.42/lb. As a result of the supply shortage‚ prices for non-Chinese honey have gone up significantly. There are also concerns of product availability regardless of price. Analysis Unifine purchases one million pounds of honey
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Argentine textile industry: An export snapshot Top Stories » ’Exports to Iran will rise on lifting of sanctions’ » Govt clears Rs. 1‚100-cr agri export scheme » Coir sector should be given more support: Pranab » Iran briefs India over landmark nuclear deal » Andhra coast faces another cyclone threat Writuparna Kakati | 01 Aug‚ 2008 What is Argentina? "Batter that has not become a cake"‚ says Gabriela Nouzeilles and Graciela R. Montaldo in their co-authored book
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Accounting for Foreign Currency Transactions And Hedging Foreign Exchange Risk Multiple Choice 1. A discount or premium on a forward contract is deferred and included in the measurement of the related foreign currency transaction if the contract is classified as a a. hedge of a net investment in a foreign entity. b. hedge of an exposed asset or liability position. c. hedge of an identifiable foreign currency commitment. d. contract acquired to speculate in the movement of exchange rates. 2. The discount
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Econ 461 International Trade Spring Quarter Prof. Giorgio Canarella MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. Answer the question(s) below based upon the following diagram. 1) Refer to the figure above. With free trade‚ the total quantity of imports would equal 1) __d____ A) 30‚000 units. B) 10‚000 units. C) 22‚000 units. D) 20‚000 units. 2) Refer to the figure above
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