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Essay / Research Paper Abstract
A 4 page paper discussing the financial service industry in an international context, including their influence in the hospitality industry. Financial institutions have the ability to touch all aspects of business operation in the global economy, and their involvement in those business transactions will only increase in the future as the global economy continues to expand. Bibliography lists 6 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSfinIntlMkts4.rtf
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Unformatted sample text from the term paper:
growth of international financial markets has increased along with rates of globalization, benefiting multinational organizations in their efforts to grow and expand their businesses. This trend should continue for
the long term as globalization continues to progress. As the global economy continues to develop, it requires the support of financial institutions that
can provide the services and security necessary for international exchanges of funds and payments. Not only are these exchanges occurring at greater rates than ever before, they also are
more likely now to take place in electronic format than at any time in the past. In the future, it is likely that all such funds transfers will be
electronically mediated. Nations balance of payments are reported as single-entity measures, but they are comprised of all (or most) of the import-export activity of nations businesses. Financial institutions
are involved in each transaction, and they are instrumental in creating the framework in which those transactions take place. Primary Role The volumes
of capital exchanged between world markets on a daily basis has increased dramatically in less than 20 years. Britains The Economist reported that in the late 1980s, "about $190
billion passed through the hands of currency traders in New York, London and Tokyo every day. By 1995 daily turnover had reached almost $1.2 trillion" (Capital goes global, 1997; p.
87). Private capital movement increased at much the same rate. In 1990, about $50 billion in private capital flowing into emerging markets; by 1996 that amount had increased
to $336 billion (Capital goes global, 1997). That trend slowed some after the advent of the Asian currency crisis in 1997, but it slowly recovered to begin its inexorable
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