Future of Currency - Initial PersepctiveFuture Agenda
An initial perspective on the future of currency by Patrick Teng, CEO of Six Capital in Singapore. This is the starting point for the global future agenda discussions taking place as part of the futureagenda2.0 programme. www.futureagenda.org
At EY, we are committed to building a better working world — with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration.
As stated by Mark Weinberger, Global Chairman and CEO, "We have developed a plan — Vision 2020 — that considers the changing world today, how it will be tomorrow and how we will adapt to the challenges and opportunities we will face. Amid the changes we see, EY also sees great opportunity and relevance in the role we play in building a better working world. The quality services and insights we deliver help build trust and confidence in capital markets in economies the world over. In so doing, we help build a better working world for our people, for our clients and for our communities. This is our purpose."
The EY Global Review 2013 covers the changes EY is making to better serve our clients, develop our people and leverage our highly integrated global structure.
Future of Currency - Initial PersepctiveFuture Agenda
An initial perspective on the future of currency by Patrick Teng, CEO of Six Capital in Singapore. This is the starting point for the global future agenda discussions taking place as part of the futureagenda2.0 programme. www.futureagenda.org
At EY, we are committed to building a better working world — with increased trust and confidence in business, sustainable growth, development of talent in all its forms, and greater collaboration.
As stated by Mark Weinberger, Global Chairman and CEO, "We have developed a plan — Vision 2020 — that considers the changing world today, how it will be tomorrow and how we will adapt to the challenges and opportunities we will face. Amid the changes we see, EY also sees great opportunity and relevance in the role we play in building a better working world. The quality services and insights we deliver help build trust and confidence in capital markets in economies the world over. In so doing, we help build a better working world for our people, for our clients and for our communities. This is our purpose."
The EY Global Review 2013 covers the changes EY is making to better serve our clients, develop our people and leverage our highly integrated global structure.
Pan Finance Awards - Caye International Bank interview of Luigi Wewege - Q4 2021Luigi Wewege
Caye International Bank's SVP Luigi Wewege Speaks on Thriving as a Business and as a Leader in Uncertain Times
Both Caye International Bank and its Senior Vice President, Head of Private Banking Luigi Wewege have been in the news recently for their various strides, both on the corporate and the individual level. Caye International Bank has been named Pan Finance's Private Bank of the Year – LATAM 2021, while Luigi was awarded the Private Banker of the Year – LATAM 2021.
Seeing that the “cost of excellence” has been heightened by an uncertain and pandemic-ridden global economy, it is laudable to see some financial institutions and executives standing their ground to navigate expertly through the storm, to build adaptive systems that grow through the challenges and to gain the acclaim that both Caye and Luigi have. We caught up with Luigi Wewege to discuss some of the intricacies of thriving as a financial institution in a COVID era, what it means to be at the helm of affairs in such uncertain times, and much more.
Pan Finance Awards - Caye International Bank interview of Luigi Wewege - Q4 2021Luigi Wewege
Caye International Bank's SVP Luigi Wewege Speaks on Thriving as a Business and as a Leader in Uncertain Times
Both Caye International Bank and its Senior Vice President, Head of Private Banking Luigi Wewege have been in the news recently for their various strides, both on the corporate and the individual level. Caye International Bank has been named Pan Finance's Private Bank of the Year – LATAM 2021, while Luigi was awarded the Private Banker of the Year – LATAM 2021.
Seeing that the “cost of excellence” has been heightened by an uncertain and pandemic-ridden global economy, it is laudable to see some financial institutions and executives standing their ground to navigate expertly through the storm, to build adaptive systems that grow through the challenges and to gain the acclaim that both Caye and Luigi have. We caught up with Luigi Wewege to discuss some of the intricacies of thriving as a financial institution in a COVID era, what it means to be at the helm of affairs in such uncertain times, and much more.
FOR DR. MAKAYLAPricing and Exchange RatesAs a business owner.docxbudbarber38650
FOR DR. MAKAYLA
Pricing and Exchange Rates
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee. You also need to put a plan in place to overcome it.
Part Ia
800+ words plus completed table
Assume that your business is visible and an important member of the community. Would the government encourage a decision to expand? How would it affect the reputation of the business?
Here is what the list looks like. Your assignment is to fill in the table.
Risk
Importer
Exporter
L/M/S
How to Overcome It
Economic conditions
Fluctuations in industry
Competition
Technological change
Change in preferences
Costs and expenses
Regulations
Expropriation
Interest rates
Government monetary policy
Government fiscal policy
Internal and external wars
Difference in culture and religion
Ownership of factories and property
Human resource restrictions
Intellectual property
Discrimination
Red tape and corruption
Blockage of funds or capital accounts
Change in government
Comment on whether the U.S. government would support a business owner's decision to expand internationally or import in light of the balance of payments and how the move internationally may affect the business's reputation as a local small-business owner.
Decision-Making in a Global Economy
In a recent State of the Union Address, the President of the United States announced the formation of the "National Export Initiative," an important endeavor that is necessary for long-term, sustainable economic growth for the country. The president's goal is to double exports within 5 years, which, it is hoped, should reduce unemployment by adding 2 million jobs.
This is the first time in history that the United States has put a real focus on government-wide export promotion.
Since then, the president has signed an Executive Order that formed the "Export Promotion Cabinet" within the presidential administration. The Department of Commerce is an important player in this initiative and is charged with making sure that U.S. businesses can actively participate in international markets by increasing their exports of goods, services, and agricultural products.
Part 1b
If you were a member of the Cabinet, what would you do to achieve these goals?
Address the following in 1,000+ words:
1. Increase exports of small and medium-sized businesses.
a. What kind of programs should be put in place to improve information?
b. What kind of technical assistance should be given to first-time exporters?
i. What kinds of education do first time-exporters need to do business overseas?
c. How can the government assist these exporters with new opportunities in international markets?
2. What other kinds of assistance can the government give?
3. Where should the trade missions go, a.
2. Two grades for this For each question write the answer on the answer sheet. On a separate sheet of paper write a complete sentence that indicates that you understand the meaning of the word. No one writes all of the sentences. Good Example for Congress-Congress is the nation legislature in Washington, DC that writes the laws. Bad Examples-I like Congress. I drove by Congress yesterday. I would never name my dog Congress.
3. Question 1 What is something that workers on strike do in response to their company trying to hire other workers?
4. Question 2 What is the method of settling disputes in which the decision of an expert arbitrator is binding on both sides?
5. Question 3 What is it called when laborers have any kind of slowdown, or action short of a strike?
6. Question 4 What is the method of settling disputes that involves an expert on relations between labor and management who examines the issue and recommends a solution that is not legally binding on either side?
7. Question 5 What is the name of the federal government’s policy of taxing and spending?
8. Question 6 What is an organization of workers with the objective to obtain better conditions by making demands on their employers?
9. Question 7 What is the money supply called? Changes are made to it during a recession to aid the economy.
10. Question 8 What is the form of negotiation between labor union representatives and management representatives in which a compromise is usually reached?
11. Question 9 What is usually the response of labor unions when employers refuse to recognize or deal with them?
12. Question 10 What is the shifting of the economy from good times to bad times and then back to good times again?
13. Question 11 The trough is historically low. What state would an economist say that the economy is in?
14. Question 12 What word refers to a general increase in the price level of goods and services?
15. Question 13 What is the word for when the business cycle has reached a high point?
16. Question 14 When the economy reaches its lowest point, it is said to be in a….
17. Question 15 What is the economic slowdown that occurs after the economy peaks known as?
18. Question 16 Wages, payments for raw materials, transportation, rent and interest on money borrowed are examples of what?
19. Question 17 When the contraction becomes severe enough, it is known as a…
20. Question 18 A period of growth in which the GDP increases is known as…
22. Two grades for this For each question write the answer on the answer sheet. On a separate sheet of paper write a complete sentence that indicates that you understand the meaning of the word. You will not do this for every word and I need to see sentences by both partners. You will know you are to write the sentence if the question has a picture. There are twelve sentences needed.
23. Question 1 What is it called when the government puts a limit on the exchange of goods to protect domestic jobs and industries from foreign competition?
25. Question 3 What is the economic rivalry among businesses selling similar products called?
26. Question 4 What are signs that show economists how the economy is doing at the present time called?
27. Question 5 What is a person or company that provides goods or services?
28. Question 6 What can be used to illustrate the interactions of groups in the economy? (ex. Relationship between households, federal government and businesses)
29. Question 7 What do economists use to make predictions about future economic growth?
30. Question 8 What are the special tax reductions offered by the government that help lower a company’s tax bill if it follows certain policies the government favors?
31. Question 9 What are known as the economic signs that lag behind, or follow, major changes in the business cycle?
32. Question 10 What monetary policy increases the growth of the money supply and encourages economic growth?
33. Question 11 What does a nation have when it can produce more of a given product than another country can?
34. Question 12 What is known as the amount of money banks must have available at all times?
35. Question 13 What monetary policy reduces the growth of the money supply, and subsequently slows economic growth
36. Question 14 What does a country have when it can provide a product more efficiently and at a lower opportunity cost than another country can?
37. Question 15 What is the name for the difference between the value of a country’s exports and the value of its imports?
38. Question 16 What is the term that explains the value of the next best alternative to a product that is given up when a country specializes ?
39. Question 17 What tool is used by the government to carry out monetary policies that involves the buying and selling of government bonds?
40. Question 18 What is it called when a country buys more than it sells?
41. Question 19 What is it called when a country sells more than it buys?