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Question 1: Are the statements below true or false? Explain the reasons for your answers. a. A country which decides to join a Monetary Union expects an increased ability to stabilize or stimulate its output, and an increased ability to keep inflation low compared with its initial ability under flexible exchange rates. (2.5 marks) b. Suppose that the United States is on a gold standard and the US authorities have committed to exchange an ounce of gold for $35. Suppose that France is on gold standard too and French authorities have committed to exchange an ounce of gold for 60 French Francs. If the exchange rate between French Francs (FF) and US Dollars ($) is FF2/$1, would there be arbitrage opportunities? Is the exchange rate of FF2/$1 correct or not? (2.5 marks) Question 2: The graph below is the exchange rate of Japanese Yen to US dollar (¥/$) between August and November 2010. On 15th Sept, Yen moved from 83 to 85.7 yen per dollar due to the Japanese authorities’ intervention in the foreign exchange markets to weaken the value of the yen against the dollar, a day after the yen hit a 15-year high against the dollar. a. Explain how did the Japanese central bank intervene and influence the exchange rate between Yen and Dollar in the foreign exchange markets? (1.5 marks) b. What was the government’s justification for their intervention? (2 marks) c. Did the intervention succeed? Explain the reasons for your answer. (4 marks) Question 3: Based on the table for the rates published in the US below, find the €/£ cross bid and ask rates and fill in the table. You need to show the steps how you get your answers. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols $, £ and €) (3 marks) USD Bank Quotations Direct American Terms Indirect European Terms Bid Ask Bid Ask Between £ and $ 1.5924 1.5929 .6278 .6280 Between € and $ 1.3509 1.3514 .7400 .7402 Between £ and € ? ? ? ? Question 4: Assume you are a trader in foreign currencies and you look for arbitrage. From the quote screen on your computer terminal, you observe the exchange rate quotations below. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols, £, $, €.) Bank Quotations Rate Citi Bank : $1.8403/£ UBS : $1.3225/€ Barclays Bank : €1.3647/£ a. Explain what a triangular arbitrage is. What is a condition that will give rise to a triangular arbitrage opportunity? (1.5 marks) b. What €/£ price will eliminate triangular arbitrage? (1 mark) c. How you can make a triangular arbitrage profit by trading at these prices? What is the profit? Explain and discuss your calculations. (4 marks) Question 5: A fund manager uses the concepts of purchasing power parity (PPP) and the International Fisher Effect (IFE) to forecast spot exchange rates. He gathers the financial information as follows: A year ago, the spot rate between pound and dollar was $1.60/£. In the past year, US inflation was 3.5% and UK inflation was 4.5%. The current spot rate is $1.576/£. (Numbers should be rounded to 4 decimal places. Please note that your answers will be worthy zero mark if they do not include currency symbols $, £) a. What is relative PPP? Calculate the current pound spot rate in dollar that would have been forecast by PPP. (2 marks) b. Does the PPP hold in this case? What could be the reasons for that? (3 marks) c. What is IFE? If the expected US one-year interest rate is 0.5%, expected UK one-year interest rate is 0.75%, use IFE to predict the expected pound spot rate in dollar one year from now. (3 marks)
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ECONOMICS AND BUSINESS EXPERT.Hi. I am Rachael, an Academic writer who goes an extra mile to ensure: • Strict adherence to client instructions • Timely delivery of projects. • Plagiarism free paper with an accompanying report. • Adherence to referencing style: APA, MLA, Chicago, Harvard, IEEE or any other.
£60 GBP dalam 1 hari
4,7 (32 ulasan)
4,8
4,8
8 freelancers are bidding on average £46 GBP for this job
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Hi there, I am an experienced academic writer with excellent research skills. I can assure you gilt-edged quality and plagiarism free work. I have worked on multiple academic assignments including literature reviews, research papers, research essays, technical reports, business plans, research proposals and dissertations (for both Undergraduate, Masters and Phd candidates). I am well versed with various academic citation and referencing styles like including APA, MLA, HARVARD, CHICAGO and Turbain. Please go through my profile and reviews by my previous clients from all around the world. Hope to hear from you soon. Thanks Pavi
£105 GBP dalam 3 hari
4,9 (182 ulasan)
6,8
6,8
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I am well versed in content and academic writing. I have a unique skills in research and all the appropriate formatting styles/methods. My freelancing approach is to put the interests of all my clients first with an aim of developing a good rapport, while at the same time putting the value invested in me through efficient output.
£60 GBP dalam 1 hari
4,8 (39 ulasan)
5,0
5,0
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I am an excellent business, finance and strategic management analyst. As a lecturer, researcher, and academic writer, I have attained utmost discipline in completing all my tasks: delivering quality work has always been my endeavor.
£45 GBP dalam 1 hari
4,9 (8 ulasan)
4,0
4,0
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Hello Sir. How are you today? This seems a great project. I am really interested. I will provide a sample of my work before you hire me. Why me? I am an MBA, PhD. 1. I have been to freelancer for 2 months and I made over $2,000. Most preferred freelancer. 2. We are a team of 10 people. All are writers by profession. 3. We are doctors, engineers, bloggers, academician and management professionals. 4. Trust me. You will get the best job done. 5. We are experts in APA and MLA, Article and Ghost writing. 6. We write for big brands like thestreet.com. 7. You will get 100% unique content. Plagiarism free. 8. Do not pay if you find any plagiarism. ***Please ignore my last 2 reviews. During Xmas my younger brother was the in charge of this account. Read all reviews. All clients are satisfied clients. Thank You
£17 GBP dalam 1 hari
4,2 (5 ulasan)
3,9
3,9
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We are a group of academic writers, expert in Engineering writing, Matlab & Mathematics with 3 years of experience. Our aim is to provide quality work at affordable cost. We have proven a strong record for writing MS, MBA, BS Hons. Assignments, Proposals, Thesis and Dissertations. We can help you to solve complex Mathematics & Matlab, Engineering solutions if needed. As an interdisciplinary scholar, we are familiar with several citation styles (e.g. Harvard, MLA, APA, Chicago etc.) and possess experience in advising and educating students. We would like to be happy to help our prestigious employers to develop a proposal for Master’s level and undergraduate final year projects in accordance with research guidelines given by university.
£40 GBP dalam 1 hari
4,4 (2 ulasan)
1,4
1,4
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I am MBA from the Middlesex University and worked five years as a research and business analyst in different multinational companies. I have written hundreds of Assignments, Essays, Theses, Dissertations and Reports for university students. I am efficient in all types of formatting styles, plagiarism policies and research techniques. You can contact for any type of academic works, I am friendly and open to discuss your assignments.
£18 GBP dalam 1 hari
5,0 (1 ulasan)
1,3
1,3
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Try me i will not dissapoint
£23 GBP dalam 0 hari
0,0 (0 ulasan)
0,0
0,0
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I have done this type of work in the past as well and looking for some work where I can work offline and earn in my free time. I have a good typing speed and work experience.
£20 GBP dalam 1 hari
0,0 (0 ulasan)
0,0
0,0

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Bendera UNITED KINGDOM
london, United Kingdom
5,0
5
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Anggota sejak Jan 6, 2016

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