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This document contains an assignment on foreign exchange markets and transactions. It includes 8 exercises analyzing exchange rates, currency conversions, appreciation/depreciation of currencies, and hedging foreign exchange risk. The exercises calculate exchange rates between different currencies, the costs of various currency transactions, and the potential gains or losses from hedging foreign exchange exposure using forward contracts.
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Maynard company ppt
The summaries are:
1. The balance sheets as of June 1 and June 30 show an increase in equipment and corresponding decrease in retained earnings and inventory. Cash, receivables, and payables also increased.
2. Comparing the two balance sheets shows the company purchased equipment on loan, decreasing inventory but increasing sales. Accounts receivable and cash increased while a loan was paid off.
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Recommended
Maynard company ppt
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International Finance Practice Numerical
This document contains 13 questions regarding foreign exchange rates, calculations of spot rates, forward rates, cross rates, and arbitrage opportunities. It includes calculating bid/ask spreads, mid rates, direct/indirect quotes, percentage spreads, and using multiple exchange rates to analyze arbitrage scenarios.
ResponseGroup MembersFamily NameGiven NameStudent ID #Enter your.docx
ResponseGroup MembersFamily NameGiven NameStudent ID #
Enter your response here. Alter the size of the box, if required. Please clearly reference any quantitative work doen elsewhere in the workbook.
ReturnsHPRsTSXMSCI USAUnhedgedHedgedDatein C$In US$US$US$1/31/02-0.004362107-0.0141019086-0.00382133680.00022552152/28/02-0.0003742241-0.0195259140.00899257950.0001823673/29/020.03015090030.0372887259-0.00567154880.00018697414/30/02-0.0233730308-0.0648573452-0.01610881280.00025072085/31/020.0004419109-0.007438094-0.02656558580.00043320386/28/02-0.064554355-0.0762089972-0.00464659690.00064136137/31/02-0.0746793699-0.07188819190.04168584390.00071668098/30/020.00221748120.0047604594-0.01533800420.00085842339/30/02-0.0629425065-0.11284149720.01679487180.000948717910/31/020.01212312540.0908375112-0.01305005670.00085739511/29/020.05276650610.06019417550.00070265090.000945384912/31/020.0091397332-0.06038970360.00842589050.00118728461/31/03-0.0054126604-0.0241492126-0.03051019120.00121534372/28/03-0.0002108557-0.0152201879-0.02729172110.0011425963/31/03-0.02974644360.0093123821-0.01265270510.00138273594/30/030.03906347510.0835486759-0.02471192090.00152282545/30/030.04320399060.0536558396-0.04272968070.00179841076/30/030.02054984150.0123944538-0.01059491740.00165295277/31/030.04009081760.01856990190.03643054280.00200919968/29/030.03625653450.0187639068-0.01498313510.00175394999/30/03-0.010009927-0.0115437399-0.02717802690.001456223210/31/030.04841893540.0570827433-0.02326873910.001474674911/28/030.01246813560.0096816398-0.01377034260.001426349512/31/030.0483204470.0519631817-0.00588506810.00148472961/30/040.03753587350.01811704290.02952215130.00140065782/27/040.03243066080.01213346930.00853126880.00121016243/31/04-0.021079013-0.0158823437-0.02049562140.00106577234/30/04-0.0389019781-0.01535360960.04641430470.00098154845/31/040.02254856110.0133019576-0.00774404650.00086529726/30/040.01728198090.0188912968-0.01747764910.00082808157/30/04-0.0092407012-0.0340486171-0.00876375160.0006115988/31/04-0.00809851640.00512022-0.00857787810.00048156519/30/040.03670174950.0109803691-0.0395036430.000402246510/29/040.02436949550.0152926089-0.03618979890.000450397111/30/040.019409650.0411218627-0.0251690920.000508300912/31/040.02642685790.03505374060.00765316850.0003364031/31/05-0.0039804354-0.02475663530.03555481370.00020030882/28/050.05172819810.0208553143-0.009308885803/31/05-0.0037806451-0.0159713656-0.015741946-0.00005694764/29/05-0.0238039383-0.01806766110.0372773484-0.00021490275/31/050.026897340.0326910471-0.0006374756-0.00044623296/30/050.03327525290.0025060683-0.0234023043-0.00052625287/29/050.0531161430.03757395940.0009389288-0.00066949718/31/050.0250403692-0.0092856318-0.0308740161-0.00083200789/30/050.03413355540.0085687404-0.0231461998-0.000866930410/31/05-0.0565044453-0.01640500580.0163277615-0.000844390811/30/050.04417783690.0404071494-0.0093255903-0.000856258712/30/050.04411895650.0005614527-0.0003423046-0.00094133761/31/060.06061280.0272947893-0.0212729 ...
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International Finance Practice Numerical
This document contains 13 questions regarding foreign exchange rates, calculations of spot rates, forward rates, cross rates, and arbitrage opportunities. It includes calculating bid/ask spreads, mid rates, direct/indirect quotes, percentage spreads, and using multiple exchange rates to analyze arbitrage scenarios.
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ReturnsHPRsTSXMSCI USAUnhedgedHedgedDatein C$In US$US$US$1/31/02-0.004362107-0.0141019086-0.00382133680.00022552152/28/02-0.0003742241-0.0195259140.00899257950.0001823673/29/020.03015090030.0372887259-0.00567154880.00018697414/30/02-0.0233730308-0.0648573452-0.01610881280.00025072085/31/020.0004419109-0.007438094-0.02656558580.00043320386/28/02-0.064554355-0.0762089972-0.00464659690.00064136137/31/02-0.0746793699-0.07188819190.04168584390.00071668098/30/020.00221748120.0047604594-0.01533800420.00085842339/30/02-0.0629425065-0.11284149720.01679487180.000948717910/31/020.01212312540.0908375112-0.01305005670.00085739511/29/020.05276650610.06019417550.00070265090.000945384912/31/020.0091397332-0.06038970360.00842589050.00118728461/31/03-0.0054126604-0.0241492126-0.03051019120.00121534372/28/03-0.0002108557-0.0152201879-0.02729172110.0011425963/31/03-0.02974644360.0093123821-0.01265270510.00138273594/30/030.03906347510.0835486759-0.02471192090.00152282545/30/030.04320399060.0536558396-0.04272968070.00179841076/30/030.02054984150.0123944538-0.01059491740.00165295277/31/030.04009081760.01856990190.03643054280.00200919968/29/030.03625653450.0187639068-0.01498313510.00175394999/30/03-0.010009927-0.0115437399-0.02717802690.001456223210/31/030.04841893540.0570827433-0.02326873910.001474674911/28/030.01246813560.0096816398-0.01377034260.001426349512/31/030.0483204470.0519631817-0.00588506810.00148472961/30/040.03753587350.01811704290.02952215130.00140065782/27/040.03243066080.01213346930.00853126880.00121016243/31/04-0.021079013-0.0158823437-0.02049562140.00106577234/30/04-0.0389019781-0.01535360960.04641430470.00098154845/31/040.02254856110.0133019576-0.00774404650.00086529726/30/040.01728198090.0188912968-0.01747764910.00082808157/30/04-0.0092407012-0.0340486171-0.00876375160.0006115988/31/04-0.00809851640.00512022-0.00857787810.00048156519/30/040.03670174950.0109803691-0.0395036430.000402246510/29/040.02436949550.0152926089-0.03618979890.000450397111/30/040.019409650.0411218627-0.0251690920.000508300912/31/040.02642685790.03505374060.00765316850.0003364031/31/05-0.0039804354-0.02475663530.03555481370.00020030882/28/050.05172819810.0208553143-0.009308885803/31/05-0.0037806451-0.0159713656-0.015741946-0.00005694764/29/05-0.0238039383-0.01806766110.0372773484-0.00021490275/31/050.026897340.0326910471-0.0006374756-0.00044623296/30/050.03327525290.0025060683-0.0234023043-0.00052625287/29/050.0531161430.03757395940.0009389288-0.00066949718/31/050.0250403692-0.0092856318-0.0308740161-0.00083200789/30/050.03413355540.0085687404-0.0231461998-0.000866930410/31/05-0.0565044453-0.01640500580.0163277615-0.000844390811/30/050.04417783690.0404071494-0.0093255903-0.000856258712/30/050.04411895650.0005614527-0.0003423046-0.00094133761/31/060.06061280.0272947893-0.0212729 ...
International-Financial-Management.pptx
The document contains sample questions and problems from chapters in a textbook on international financial management.
In the first section, it provides context about the US current account deficit and Japan's surplus. It then presents a cross-currency arbitrage problem and asks about opportunities.
The second section describes an importer's options to hedge currency risk on a shipment from the UK, which is expected to appreciate. It asks about using forwards and calculates the no-arbitrage forward price.
The document continues with additional practice problems covering topics like covered interest rate parity, currency option valuation, and hedging transaction exposure.
The Time Value of Money Future Value and Present Value .docx
The Time Value of
Money: Future Value
and Present Value
Computations
"If I deposit $10,000 today, how much will I have for a down payment on a house in five years?"
"Will $2,000 saved a year give me enough money when I retire?"
"How much must I save today to have enough for my children's post-secondary education?"
As introduced in Chapter 1 and used to measure financial opportunity costs in other chapters,
the time value of money, more commonly referred to as interest, is the cost of money that is bor-
rowed or lent. Interest can be compared to rent, the cost of using an apartment or other item.
The time value of money is based on the fact that a dollar received today is worth more than a
dollar that will be received one year from today because the dollar received today can be saved
or invested and will be worth more than a dollar a year from today Similarly, a dollar that will
be received one year from today is currently worth less than a dollar today.
The time value of money has two major components: future value and present value. Future
value computations, which are also referred to as compounding, yield the amount to which a
current sum will increase based on a certain interest rate and period of time, Present value,
which is calculated through a process called discounting, is the current value of a future sum
based on a certain interest rate and period of time.
In future value problems, you are given an amount to save or invest and you calculate the
amount that will be available at some future date. With present value problems, you are given the
amount that will be available at some future date and you calculate the current value of that amount
Both future value and present value computations are based on basic interest rate calculations.
FINANCIAL CALCULATORS
Currently, financial calculators, with time value of money functions built in, are widely used to
calculate future value, present values, and annuities, For the following examples, we will use the
Texas Instruments BA II Plus financial calculator, which is recommended by the Canadian
Institute of Financial Planning.
When using the BA II Plus calculator to solve time value of money problems, you will be
working with the TVM keys that include:
CPT — Compute key used to initiate financial calculations once all values are inputted
— Number of periods
— Interest rate per period
— Present value
PMT — Amount of payment, used only for annuities
— Future value
Enter values for PV, PMT, and FV as negative if they represent cash outflows (e.g., investing
a sum of money) or as positive if they represent cash inflows (e.g., receiving the proceeds of an
investment). To convert a positive number to a negative number, enter the number and then
press the +/— key.
37
Part 1 PLANNING YOUR PERSONAL FINANCES
The examples that are shown in this chapter assume that interest is compounded
annually and that there is only one cash flow per p ...
Assignment 3 (2)
The document analyzes the uncovered interest rate parity (UIP) puzzle using standard UIP regressions and carry trade portfolios for 46 countries from 2002-2016, with a focus on Singapore. UIP holds for Singapore based on the regression results. Carry trade portfolios sorted by interest rate differentials show that the highest differential portfolio earns a positive average excess return while the lowest differential portfolio earns a negative return, contrary to expectations if UIP held. Singapore is most frequently allocated to the middle portfolios and its excess returns were stable before 2008 but more volatile afterwards.
0132994879.DS_Store__MACOSX0132994879._.DS_Store01329.docx
0132994879/.DS_Store
__MACOSX/0132994879/._.DS_Store
0132994879/Appendix.pdf
A-1
Using a Calculator
As you prepare for a career in business, the ability to use a financial calculator is essential,
whether you are in the finance division or the marketing department. For most positions,
it will be assumed that you can use a calculator in making computations that at one time
were simply not possible without extensive time and effort. The following examples let us
see what is possible, but they represent only the beginning of using the calculator in finance.
With just a little time and effort, you will be surprised at how much you can do with
the calculator, such as calculating a stock’s beta, or determining the value of a bond on a
specific day given the exact date of maturity, or finding net present values and internal rates
of return, or calculating the standard deviation. The list is almost endless.
In demonstrating how calculators may make our work easier, we must first decide which
calculator to use. The options are numerous and largely depend on personal preference.
We have chosen the Texas Instruments BA II Plus and the Hewlett-Packard 10BII.
We will limit our discussion to the following issues:
I. Introductory Comments
II. An Important Starting Point
III. Calculating Values for:
A. Future value of $1
B. Present value of $1
C. Future value of an annuity of $1 for n periods
D. Present value of an annuity of $1 for n periods
IV. Calculating Present Values
V. Calculating Future Values (compound sum)
VI. Calculating the Number of Payments or Receipts
VII. Calculating the Payment Amount
VIII. Calculating the Interest Rate
IX. Bond Valuation
A. Computing the value of a bond
B. Calculating the yield to maturity of a bond
X. Computing the Net Present Value and Internal Rate of Return
A. Where future cash flows are equal amounts in each period (annuity)
B. Where future cash flows are unequal amounts in each period
I. Introductory Comments
In the examples that follow, you are told (1) which keystrokes to use, (2) the resulting ap-
pearance of the calculator display, and (3) a supporting explanation.
The keystrokes column tells you which keys to press. The keystrokes shown in a white
box tell you to use one of the calculator’s dedicated or “hard” keys. For example, if + /- is
shown in the keystrokes instruction column, press that key on the keyboard of the calcula-
tor. With the Texas Instruments BA II Plus, to use a function printed in a shaded box above
a dedicated key, always press the shaded key 2nd first, then the function key. The HP 10BII
has two shift keys, one purple (PRP) and one orange (ORG). To use the functions printed
in purple (stats) on the keypad, press the purple button first. To use the functions printed
in orange (shift) on the keypad, press the orange button first.
Appendix A
A-2 Appendix A
I I . A n I m p o r t A n t S t A r t I n g p o I n t - t e x A S I n S t r u m e n t ...
If 2
The document discusses various currency hedging scenarios and requests calculations to determine the optimal hedging strategy. It provides current exchange rates, interest rates, and future forecasts. The assistant is asked to analyze the scenarios and recommend the best hedging approach or explain why leaving exposure unhedged may be preferable.
HW3
- The document appears to be an assignment containing the answers to 3 questions about international finance and currency exchange rates.
- In part 1, the author analyzes whether the uncovered interest rate parity (UIP) hypothesis holds for 20 currencies relative to the US dollar based on regression analysis. UIP was found to hold for most currencies, including Italy.
- In part 2, the author constructs currency carry trade portfolios following the methodology of Lustig and Verdlehan, sorting 20 currencies into 5 portfolios. The author analyzes the country allocation of these portfolios over time, finding Italy was usually in the 3rd portfolio or lower.
- In part 3, the author examines the excess returns and risks of
CA NOTES ON FOREX PRACTICALS OF STRATEGIC FINANCIAL MODELING
CA NOTES ON FOREX PRACTICALS OF STRATEGIC FINANCIAL MODELING
FREE AFFIDAVITS AND NOTICES FORMATS
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HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
Complete both parts of this assignment and submit as a s.docx
Complete both parts of this assignment and submit as a single document. APA format
Part One
Your company is deciding to expand to the following countries, and you and two other managers will have to visit these countries to set up operations. You have $1,500.00 to convert in each currency. Copy and paste this table into a new document and compute the following: Country/currency
USD value/rate (as of 08/14)
Exchange amount
Japanese yen
$102.28
Euro
$0.75
British pound
$0.60
Part Two
Respond to the following questions. Not counting Part One, your paper should be three pages in length, double spaced, and use APA style guidelines.
1. Within the past decade, the IMF has provided financial assistance (bailout) to Greece (2010, 1st quarter), Iceland (2008, 4th quarter), Ukraine (2014, 2nd quarter), and Hungary (2008, 4th quarter). Describe the recovery process in each country as a result of this assistance. Also determine whether or not there was an increase/decrease in:
1. GDP
2.inflation, and
3. unemployment
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2015).
International business: Environments and operations
(15th ed.). Upper Saddle River, NJ: Pearson Education
.
Transaction exposure 1
- The document discusses transaction exposure (TE), which is the risk from changes in exchange rates for contracts that have been agreed to but not yet settled.
- It describes various ways to manage TE, including through forward contracts, money market hedges, options, and swaps. It also discusses operational techniques like invoice currency choice and exposure netting.
- Examples are provided to illustrate comparing forward contracts to money market hedges for an exporter receiving foreign currency and an importer paying foreign currency. The more advantageous hedge depends on interest rate differences.
Arbitrage (Practical Problems).pdf
The definition we used presents the ideal view of (riskless) arbitrage. “Arbitrage,” in the
real world, involves some risk (the lower, the closer to the pure definition of arbitrage). We will
call this arbitrage pseudo arbitrage.
Exercises.pptx
- Regression models were estimated to examine the determinants of CEO salaries, wages, and exchange rates.
- Explanatory variables like firm performance, inflation rates, and unemployment were found to significantly impact the dependent variables in expected directions based on economic theory.
- While most coefficients were statistically significant, one variable in the wage model was found to be insignificant and could potentially be omitted to improve model specification.
- The interpretations focused on the estimated partial effects of the regressors, both in levels and rates of change, depending on the variable transformations used. Adjusted R-squared values indicated the models explained a substantial portion of the variation in the dependent variables.
Foreign exchange Risk [Autosaved].pptx
This document discusses various topics related to foreign exchange risk management for international business. It begins with an introduction to foreign exchange risk and the different types of risk: transaction risk, translation risk, and economic risk. It then covers understanding and measuring foreign exchange exposure levels. Methods for managing foreign exchange risk are presented, including hedging techniques like forward contracts, futures, options, and swaps. Numerical examples demonstrate calculating foreign exchange gains and losses with and without hedging strategies. The document provides information on foreign exchange risk management concepts and tools to help companies navigate currency fluctuations in international trade.
Chapter6 International Finance Management
The document contains sample questions and solutions related to international parity relationships and foreign exchange rates. It includes definitions of concepts like arbitrage and purchasing power parity. It also derives relationships such as interest rate parity, purchasing power parity, and the international Fisher effect. Sample problems are provided and solved related to covered interest arbitrage opportunities between currencies.
Chapter6
The document provides sample questions and solutions related to international parity relationships and foreign exchange rates.
It includes 10 questions about concepts like arbitrage, interest rate parity, purchasing power parity, and the random walk model for exchange rates. It also includes 4 sample problems related to covered interest arbitrage opportunities between currencies.
The questions and problems serve to help students understand key concepts in foreign exchange markets and how to apply analytical tools like parity relationships and arbitrage to evaluate exchange rate determinants and potential profit opportunities.
Daily Forex Technical Analysis Report - January 06, 2021
Let's review all the major instrument analysis including: #audusd #eurusd #gbpusd #usdcad #usdjpy #gold #xauusd
Numericals on IF.pptx
Airbus sold an aircraft to an American company for $30 million payable in six months. To hedge against currency risk, Airbus considered three options: a forward contract, money market hedge, or put options.
If Airbus used a forward contract with a rate of $1.10/Euro, their guaranteed euro proceeds would be $30 million / $1.10 per euro = Euro 27.27 million. Using money market instruments, Airbus would deposit dollars at 3% interest and euros at 2.5% interest to receive Euro 27.27 million. With put options costing $0.02 per euro and a strike of $0.95/euro, Airbus's expected euro proceeds
Olivier Desbarres: FX Reserves - All Things Considered Equal
- EM central banks have only used about a third of the increase in FX reserves accumulated between 2008-2014, using $1.1 trillion of the $2.3 trillion increase. Currency valuation effects account for about $500 billion of the decline in the dollar value of reserves.
- Excluding China and adjusting for valuation effects, EM FX reserves have only fallen $52 billion, or 1%, since mid-2014. Reserves are up in most of Asia but down in commodity exporters and China.
- While reserves are still sizeable in Asia, they are modest in most of Latin America, Africa, and some European countries. Central banks' willingness to defend currencies varies and will influence currency movements.
Exercise 5-4 (Part level Submission)On June 10, Tuzun Company .docx
Exercise 5-4 (Part level Submission)
On June 10, Tuzun Company purchased $8,000 of merchandise from Epps Company, FOB shipping point, terms 2/10, n/30. Tuzun pays the freight costs of $400 on June 11. Damaged goods totaling $300 are returned to Epps for credit on June 12. The fair value of these goods is $70. On June 19, Tuzun pays Epps Company in full, less the purchase discount. Both companies use a perpetual inventory system.
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(a)
Your answer is correct.
Prepare separate entries for each transaction on the books of Tuzun Company. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
res_EAT_1356326717214_0_008152485672270005_002
Inventory
8000
Accounts Payable
8000
res_EAT_1356326717214_0_008152485672270005_020
Inventory
400
Cash
400
res_EAT_1356326717214_0_008152485672270005_038
Accounts Payable
300
Inventory
300
res_EAT_1356326717214_0_008152485672270005_056
Accounts Payable
7700
Inventory
154
Cash
7546
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Show List of Accounts
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Show Answer
Link to Text
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(b)
Prepare separate entries for each transaction for Epps Company. The merchandise purchased by Tuzun on June 10 had cost Epps $4,800. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
June 10
(To record credit sale.)
(To record cost of merchandise sold.)
June 12
(To record merchandise returned.)
(To record cost of merchandise returned.)
June 19
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Exercise 5-6 (Part level Submission)
The adjusted trial balance of Tsai Company shows the following data pertaining to sales at the end of its fiscal year October 31, 2014: Sales Revenue $820,000, Freight-out $16,000, Sales Returns and Allowances $25,000, and Sales Discounts $13,000.
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(a)
Your answer is correct.
Prepare the sales revenues section of the income statement.
Tsai COMPANY
Income Statement (Partial)
For the Year Ended October 31, 2014
res_EAT_1356326719183_0_13752846772701122_007
Sales Revenue
$820000
res_EAT_1356326719183_0_13752846772701122_016:
Sales Returns and Allowances
$25000
Sales Discounts
13000
38000
res_EAT_1356326719183_0_13752846772701122_037
$782000
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Similar to Finance management insights 2 (20)
ResponseGroup MembersFamily NameGiven NameStudent ID #Enter your.docx
ResponseGroup MembersFamily NameGiven NameStudent ID #Enter your.docx
The Time Value of Money Future Value and Present Value .docx
The Time Value of Money Future Value and Present Value .docx
0132994879.DS_Store__MACOSX0132994879._.DS_Store01329.docx
0132994879.DS_Store__MACOSX0132994879._.DS_Store01329.docx
CA NOTES ON FOREX PRACTICALS OF STRATEGIC FINANCIAL MODELING
CA NOTES ON FOREX PRACTICALS OF STRATEGIC FINANCIAL MODELING
Complete both parts of this assignment and submit as a s.docx
Complete both parts of this assignment and submit as a s.docx
Daily Forex Technical Analysis Report - January 06, 2021
Daily Forex Technical Analysis Report - January 06, 2021
Olivier Desbarres: FX Reserves - All Things Considered Equal
Olivier Desbarres: FX Reserves - All Things Considered Equal
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
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Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...University of Calabria
The study analyzes differences and primary drivers of green performance between family firms and non-family firms
An Overview of the Prosocial dHEDGE Vault works
How the prosocial dHEDGE earns you money while saving the world!
The state of welfare Resolution Foundation Event
How has Britain’s safety net changed since 2010 and what comes next?
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Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsLabour Market Information Council | Conseil de l’information sur le marché du travail
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
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Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
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This blog explores the current largest producer of soybean in India and the factors contributing to their dominance.
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
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Ending stagnation: How to boost prosperity across Scotland
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
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Finance management insights 2
- 1. FINANCIAL MANAGEMENT – II: ASSIGNMENT NO 2 CHINTAN GONDALIA EPGP-07-028
- 2. CHINTAN GONDALIA EPGP – 07 - 028 2 FINANCIAL MANAGEMENT – II: ASSIGNMENT NO 2 Foreign Exchange Markets and Transactions Exercise 1: Fill the following table with Direct and Indirect quotes provided Currency US $ Equivalent Currency per US $ Equivalent of 100 US $ China (Yuan Renminbi) 0.1208 8.2781 827.81 Japan (Yen) 0.00831 120.38 12,038.00 Mexico (Peso) 0.0939 10.6428 1,064.28 Singapore (Dollar) 0.5617 1.7803 178.03 Taiwan (Dollar) 0.02878 34.7464 3,474.64 Turkey (Lira) 0.0000006 16,12,903 161,290,300 UK (Pound) 1.5734 0.6356 63.56 Venezuela (Bolivar) 0.00063 1,597.44 159744 Euro 1.0773 0.9282 92.82 Exercise 2: Use these exchange rates to answer the question below (A) How many yen does the Japanese firm have to exchange in order to pay the bill in yuan renminbi Maydinchina owes 9030200 Yuan 1 Yuan is 8.2871 USD. Therefore Maydinchina owes 1089669 USD. 1 USD is 119.040 Japanese Yen. Therefore Maydinchina owes 129714255.7 Yen (1.29mn Yen) (B) Silverman Pouches wants to buy Vietnamese bonds with Argentine Pesos. To buy 250 bonds of 1604100 Vietnamese dong each. Hence to VND to spend is 1604100 * 250. 1 VND is (1/ 16041) USD Hence total expense in USD is 1604100 * 250* (1/16041) = 25000 USD 1 USD is 2.975 ARS Money spent in Argentine Pesos is 25000 * 2.975 = 74,735 ARS Exercise 3: Fill the cross rates table below. Find the missing rates. Country US Dollar Vietnam VNDong Taiwan T Dollar Indonesia Rupiah Egypt Pound Egypt 5.97540 0.00037 0.15891 0.000639 Indonesia 9356 0.5832 248.845 1565.83 Taiwan 37.60 0.002344 0.00402 6.292 Vietnam 16,041.00 426.62 1.7214 2684.46 US 0.000063 0.0266 0.000107 0.16735 Exercise 4: you are planning a trip to Europe and Japan and want to change your USD into euro and yen. Your bank provides with following quotes Bid Ask Euros $1.194 $1.245 Yen $0.009245 $0.00967
- 3. CHINTAN GONDALIA EPGP – 07 - 028 3 FINANCIAL MANAGEMENT – II: ASSIGNMENT NO 2 (A) What are the bank’s Bid/Ask Spreads Euro spread = 1.245 – 1.194 / 1.245 = 4.09% Yen spread = 0.00967 – 0.009245 / 0.00967 = 4.39% (B) How much would you lose if you converted $500 in euros and yen and back to US dollars Euros: Loss is $20.45 and Yen: Loss is $21.95 Exercise 5: you are given two different exchange rates pairs of currency. Determine the currency in question has appreciated or depreciated and by how much. Enter in the relevant box. DATES EXCHANGE RATES CURRENCY TO CONSIDER APPRECIATED DEPRECIATED 24-04-2003 0.91130EUR/USD EUR 0.55% 28-04-2003 0.90630EUR/USD 17-06-1997 23.2BHT/USD BHT 58.43% 13-01-1998 55.8BHT/USD 25-04-2002 1.6430CHF/USD CHF 0.88% 26-04-2002 0.6140USD/CHF 26-06-2002 0.0008324USD/KRW KRW 0.458% 18-02-2003 0.0008286USD/KRW 30-01-1999 1.0038ARS/USD USD 0.43% 05-02-2001 1.00050USD/ARS 30-01-2000 2.3442CAD/GBP CAD 12.01% 20-09-2000 2.0927CAD/GBP 12-12-2002 0.01629INR/IQD INR 9.76% 02-02-2003 68.0289IQD/INR 27-12-2002 1.776AUD/USD USD 0.3997% 28-12-2002 1.7831AUD/USD Exercise 6: If the Mexican peso (MXN) depreciates by 50% against the US Dollar. How much would the peso have to appreciate to get back to the original level? Assume 1MXN = 1USD. MXN depreciates by 50%. Now 1USD = 2MXN. To recover back to 1USD = 1MXN, the pesos need to appreciate by 100% Exercise 7: the Brazilian Real (BRL) exchange rate moved from 3.2020 BRL/ USD to 3.1606 BRL/USD over two days. Calculate the real percentage change and comment whether it appreciated or depreciated. Since BRL/USD is moved from 3.2020 to 3.1606, hence Brazilian Real has appreciated. The % appreciation is 3.2020 – 3.1606 / 3.2020 which is 1.292 % Exercise 8: Below is the excerpt from 2003 Big Mac Index using the values given, fill in the table with the missing values (A) Filling the table
- 4. CHINTAN GONDALIA EPGP – 07 - 028 4 FINANCIAL MANAGEMENT – II: ASSIGNMENT NO 2 Big Mac prices Implied PPP actual dollar rates Apr 22 under/over value - % In local in USD United states 2.71 2.71 Australia 3 1.86 1.11 1.61 -31.05 Brazil 4.55 1.48 1.68 3.054 -45 china 9.9 1.195 3.65 8.28 -56 Denmark 27.75 4.1 10.24 6.78 51 Egypt 8 1.35 2.95 5.9 -50 Hong Kong 11.5 1.474 4.24 7.8 -46 Malaysia 5.04 1.33 1.859 3.8 -51 Russia 41 1.32 15.1 31.1 -51.44 South Korea 3300 2.71 1217.71 1220 -0.18 Switzerland 6.3 4.59 2.32 1.372 69.028 (B) A US Multinational Hoola Hoopa Inc hired a Canadian IT consulting firm to upgrade its internal network. In 6 months when the contract is over, Hoola Hoopa will need 1.5 mn Canadian dollars to pay the consultants. The company needs to decide whether or not it should enter into the forward contract to hedge its exchange rate risk. Fill in the answers below using the US$ equivalent rates in the table below a. Canadian Dollar Spot rate : 1.4537 CAD/ USD b. Canadian Dollar 6-months forward rate: 1.4699 CAD/ USD c. What it would cost Hoola Hoopa if the company were to purchase the Canadian dollar spot on April 15, 2003: 1.03185 mn USD d. What it would cost Hoola Hoopa if it hedged with a forward contract: 1.02045 mn USD Compare the cost of the forward contract or the hedged position, with the cost of buying the Canadian dollars on the spot market on October 15, 2003. Fill in the table below to show the cost of buying CAD$ 1.5 Mn at different spot rates and then calculate Hoola Hoopa’s potential gains or losses from hedging with a future contract Spot rate on Oct 15th unhedged position (in Mn USD) hedged position in Mn USD Potential gain / loss from hedging (in Mn USD) 0.6521 0.97815 1.02045 -0.0423 0.67 1.005 1.02045 -0.01545 0.6803 1.02045 1.02045 0 0.685 1.0275 1.02045 0.00705 0.69 1.035 1.02045 0.01455 -----------------------------------------oo00 End of Assignment 00oo--------------------------------