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- It is widely expected that LIBOR (London Inter-Bank Offer Rate) will no longer be available as a global reference rate after 2021. Explain in detail the impact of this major change in the international financial markets, addressing current use of LIBOR in international finance (be comprehensive in identifying how LIBOR is used), the risks introduced by its projected "demise" (financial, operational, transactional, etc), and the efforts underway in the US and other major markets to manage the transition to an alternate reference rate.Ghana continues to face challenges with the Cedi depreciation and chronic current account deficits, you as an accomplished international financial manager of your company have been retained to provide medium-term recommendations to solve this age-old international economic problem. Required;Use the balance of payment- BOP- FRAMEWORK MODEL as a background in your policy paper. Your policy paper should be addressed to the Governor of the Bank of Ghana.13.) What are derivative securities? Why do they exist? 14.) 2020 was year the COVID-19 global pandemic. Specifically explain how both monetary and fiscal policy have been used in the United States as a reaction to date. 15.) What causes the basic changes to overall supply and demand for money and loanable funds?
- In an integrated global financial system, a financial crisis in one country can easily be transmitted to other countries causing a global crisis.Required:a) What measures would you propose to prevent a crisis such as the 1997 Asian type crisis from occurring?During crises like the COVID-19 crisis, major currencies such as U.S. Dollar and Euro should appreciate against currencies associated with developing countries. Do you agree with this statement? Discuss. Your answer should be linked to different concepts (e.g., PPP, IRP, IFE, and currency hedging)In an integrated world financial market, a financial crisis in a country can be quickly transmitted to other countries, causing a global crisis. What kind of measures would you propose prevent the recurrence of an Asia-type crisis? O a. There should be a multinational safety net to safeguard the world financial system from the Asia-type crisis. O b. International institutions like the International Monetary Fund (IMF) and the Worid Bank should monitor problematic countries more closely and provide timely advice to those countries. Oc. Countries should be required to fully disclose economic and financial information so that devaluation surprises can be prevented. O d. All above.
- Assume the following to be a portion of the simplified balance of payments statement for a hypothetical country. The values are given in billions of dollars. Exports Imports Capital Outflows Capital Inflows $900 - $675 - $225 $135 If the central bank has not changed its holding of foreign-currency reserves during this period, then the capital-service account for this country should be equal to billion.International Financial Reporting Standards are gaining support around the globe. In 2007, the SEC eliminated the requirement for foreign companies that issue stock in the United States to include in their financial statements a reconciliation of IFRS to U.S. GAAP. There also is serious discussion of allowing U.S. companies to choose whether to prepare their financial statements according to U.S. GAAP or IFRS. Required: Do you think U.S. companies should be allowed the choice of reporting under either U.S. GAAP or IFRS? Provide arguments both for and against this idea.The global financial crisis (GFC) of 2007–2009 generated a great deal of discussion about the potential deficiencies in financial accounting practices used in many countries, particularly within_______. Select one alternative: England Poland New Zealand the USA
- How did the 2008 global financial crisis end? What elements contribute to the US's ability to resolve the crisis?Since the collapse of the Bretton Woods agreement in the 1970s the IMF & World Bank have played an important role in stabilizing the financial markets around the world. Are they effective in that role today especially in light of the 2008 financial meltdown - could it happen again?Explain why international financial reporting standards are likely to be helpful to investors. Detailed