Sample Essay
It was later informed that the Yuan would no longer be pegged to the US dollar alone, as it had been for the past 10 years, but would float daily within a 0.3 percent band against a basket of major foreign currencies. The currencies included the US dollar, the euro, the Japanese Yen, the Korean won, the Singapore dollar, the British pound, the Malaysian ringgit, the Russian ruble, the Australian dollar, the Thai baht, and the Canadian dollar.
Sample Essay
The reform brought about in July 2005 has not led to value of the renminbi being determined by the forces of demand and supply. This is in opposition to what was declared by the central bank. That would have resulted in currency appreciation and could potentially have led to more flexibility in the currency which could possibly be a result of widening the band established around the parity. This would be beneficial as it could result in a reduction in the global trade imbalances and may allow the central authorities a greater level of flexibility in the use of interest rate policy as a tool of macroeconomic management.
Sample Essay
Swiss Franks to be received in 1 year = SF600,000
Spot rate = $0.39/SF
1 year forward rate = $0.40/SF
As the exporter will be receiving the amount mentioned above in one year’s time and wants to enter into a forward hedge, he will contract to exchange the amount received into dollar but entering into a currency forward contract to purchase dollars for Swiss franks one year from now at the forward rate of $0.40/SF.
Data for this dissertation was obtained from financial statements in BankScope. In this study, there are two types of banking which have been chosen to be exam in the Middle East countries: Islamic and Conventional banks. The study of profitability compares 63 Islamic banks to 180 conventional banks. The collected data examines profitability between 2002 and 2008. There are nine variables used in the regression. These variables are: Net Interest Margin (NIM), Return on Asset (ROA), Return on Equity (ROE), Total Equity to Total Assets (TEq/TA), Liquid Assets to Cust & ST Funding (LA/C&STF), Total Loans to Total Asset (TL/TA), Deposit to Total asset (D/TA), Loan Loss Provisions to Total Assets (LLP/TA) and Total Expense to Total Asset (TE/TA).
Sample Essay
The decision was taken with the key players being the members of the city council. Out of the 388 blocks in the plan, 120 have been down-zoned. Another 50 have been rezoned to maintain the character of the larger, three-story units.