encouraging outside professional critique of staff research. This paper is a revised version of Working Paper No. 21 dated May 2009. The paper has been updated to include 4 lags in the exchange rate estimation, instead of 3, and a new equation for Latin America is included. JEL codes: F10, F12 Key words: Exchange rates, pass-through, U.S. imports Address correspondence to: Office of Industries U.S. International Trade Commission Washington, DC 20436 How Do Exchange Rates Affect Import Prices? Recent
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One Introduction 1.1 INTRODUCTION Foreign exchange refers to the financial transaction where currency value of one country is traded into another country’s currency. The whole process gets done by a network of various financial institutions like banks, investors and governments. The exchange rate varies according to the value of each country’s currency which is based on the health of that particular country’s economy. Any individual or company engaged in overseas business should be aware of the
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Zale Corporation — 2008 Case Analysis # 4 Submitted by: Pauline Mae L. Naranjo Submitted to: Prof. Rose Lacerona 8/19/2013 About Zale Corporation Zale is multifaceted. One of North America's largest specialty jewelry retailers, Zale sells diamond, colored stone, and gold jewelry (diamond fashion rings, semi-precious stones, earrings, gold chains); watches; and gift items at some 1,125 stores and 655 kiosks, mostly in malls, throughout the US, Canada, and Puerto Rico
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in Nigeria and the relationship between the form and nature of the business enterprise and its sources of funding for its operations. The major findings of this study include the following: SMEs have played and continue to play significant roles in the growth, development and industrialization of many economies the world over. In the case of Nigeria, SMEs have performed below expectation due to a combination of problems which ranges from attitude and habits of SMEs themselves through environmental
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Guyana has since broken free from the shackles of socialism as a result of various government and international institution-led initiatives, and explores the impact on Guyanese development as a result. By analysing the initial success of the IMF-World Bank backed austerity and recovery program implemented in 1988; CARICOM’s aim to break down the divide between the ‘core’ states and the Caribbean as a ‘peripheral’ region; and the effect of regular financial aid as a result of Guyana’s status as a heavily
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NGO Engagement with the Private Sector on a Global Agenda to End Poverty: A Review of the Issues A Background Paper for The Learning Circle on NGO Engagement with the Private Sector Canadian Council for International Cooperation Policy Team Moira Hutchinson January 2000 Acknowledgements: This paper was prepared by Moira Hutchinson as an introductory paper to issues for the CCIC’s Learning Circle on NGO Engagement with the Private Sector. CCIC is grateful to the IDRC’s Canadian Partnerships Program
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centuries ago, "After bread, education." Education, especially elementary education, which makes people are able to read and write, is universally recognized as one of the most fundamental building blocks for human development and poverty reduction (World Bank, 2010). The development of a country can be defined to make nation grow stronger and more harmonious. It is measured with the sustaining improvement in the standard of living and the quality of citizens’ life such as income per capita (per person GDP)
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Page 1: Introduction The Royal Bank of Scotland Group (RBS) is one of the largest financial institutions in the world. It is a global business with a range of operations in Europe, North America and Asia Pacific. RBS has centres in thirteen European countries, sixteen North American states and eight major Asia Pacific cities. RBS is one of the world's leading financial services companies providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth
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Kyoto Bulletin of Islamic Area Studies, 1-2 (2007), pp. 38-53 Islamic Microfinance: A Missing Component in Islamic Banking Abdul Rahim ABDUL RAHMAN 1. Introduction Microfinance means “programme that extend small loans to very poor people for self employment projects that generate income in allowing them to take care of themselves and their families” (Microcredit Summit, 1997). The World Bank has recognized microfinance programme as an approach to address income inequalities and poverty. The microfinance
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provision of financial services, such as credit, savings, and insurance services, to those who are most likely to be denied access to the traditional banking system. A typical client for a microfinance institution (MFI) is a person too poor to pay usual bank fees for savings accounts or other services or to provide sufficient collateral to back loans. Microfinance aims to bring out the skills of the poor and allow them to propel themselves out of poverty through providing financial services with which
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