Question
Dont answer this question if u are really good at international finance, no joke this time. It is my midterm review sheet, hope someone could
Dont answer this question if u are really good at international finance, no joke this time. It is my midterm review sheet, hope someone could help me quickly, and accurately. Time is limited, so unless u really want to help me with that, do not try to answer my question.
Below is study guide for the exam, i want the exact definition of every single term.
- What is international corporate governance? What is the Anglo American model vs the stakeholder model, vs the Keiretsu model?
International Monetary System
- What are fixed exchange rates?
- What are floating exchange rates?
- What is a dirty float?
- What is a currency board?
- What is dollarization?
- How do central banks intervene in the fx markets?
- What was Bretton Woods?
- What were the institutions that were created during the Bretton Woods agreement?
- What were the characteristics of the Bretton Woods exchange rate agreement?
- What caused the Bretton Woods exchange rate system to fail?
- What are currency crises and contagions?
- What is the Euro? What is the European Union? What is the European Monetary Union, aka the Eurozone?
Balance of Payments
What is the balance of payments?
What is the current account?
What is merchandise trade?
What is the financial account?
What is the official reserves account?
On which accounts does the US have a surplus/deficit?
What are the problems with a trade deficit?
Forecasting
What are the differences between forecasting fixed and floating exchange rates?
What is technical vs fundamental analysis?
What is the benchmark for measuring forecasting performance?
Exchange rate Problems
Characteristics of the fx market
Bid ask spreads
Changing currency
Cross rates
Triangular arbitrage
Forward discount or premium; appreciation or depreciation
Forward swap and outright quotes
Parity Conditions
IRPT
IFE
PPP
Unbiased expectations hypothesis
Covered interest arbitrage
Carry trade
Other
- What are Brexit and Grexit?
- What is going on with China and American opinion on Chinese export policy?
- What is the situation with Japans interest rate policy?
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