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Essay / Research Paper Abstract
This 11-page paper discusses international finance and models, and explains what models could be used in the future. Bibliography lists 10 sources.
Page Count:
11 pages (~225 words per page)
File: AS43_MTinternfi.rtf
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Unformatted sample text from the term paper:
effect in the late 1950s, promoted a fixed monetary exchange rate (based on the price of gold) and later on, when the U.S. terminated the dollar-to-gold connection, used the dollar
as a backing of currency for member states. But looking back on that time, we see that Bretton Woods was simple. These days,
the international financial markets have exploded in a plethora of interdependent currencies and economies, financial instruments and investments and trade balances that the folks who met in New Jersey in
the late 1940s could never have conceived of. This is why the models of international business and finance arent too functional in this
day and age. Theyre very rigid, for one thing. And for another thing, they harken back to another time; a time during which currency was used to buy things, rather
than as a hedge against falling investments. In this paper, well examine some of the literature dealing with international finance theories as they are now, and what they could be
in the future. The Topics Importance There is little doubt, these days, that international finance is a topic that impacts a great
many people and institutions. Most of the worlds economies and currencies are intertwined to the point that, when one country experiences economic fallout, another can feel the impact as well.
This happened during the Asian Financial Crisis of the late 1990s and, more recently, with the U.S. financial meltdown. In the former example, the devaluation of the Thai Baht ended
up creating a domino effect on other Asian economies, causing them to topple as well. And the recent world financial crisis was caused by many international banks exposure to the
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