noticeable in the agrarian export period, when the country depended on foreign markets, consumer products and their primary supplier of industrial products. Nowadays, with the globalization process, where the capital have lost their nationality and become volatile as a rain cloud, which at any time can be taken to another place by a strong wind, the economic dependence became a nightmare (Gomez, 2014). The financial system that drives the technological renovation of these two countries industries
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Topic 1: Financial Markets 1. You are among the OTC marketmakers in the stock of BioEngineering, Inc. and quote a bid of $102.25 and an ask of $102.50. Suppose that you have a zero inventory. (a) On Day 1 you receive market buy orders for 10,000 shares and market sell orders for 4,000 shares. How much do you earn on the 4,000 shares that you bought and sold? What is the value of your inventory at the end of the day? (Hints: It is possible to have negative inventory. Further, there is more than
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points) Recently, JBLU closed at $5.51 per share. Based on this price, find the market capitalization of the company. To answer questions 3 and 4, refer to the articles by Malkiel and Shleifer available on the course web site, in addition to what we covered in class. 3. (15 points) a. (5 points) Why do Malkiel, and those who think like him, believe in efficient market theory? b. (5 points) What are three attacks on EMH that Malkiel attributes
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Financial Accounting Theory Test 1: 1) Please briefly describe the essences of the following cases of accounting scandal or earnings management. (20 points) A) ENRON (8 points) * Enron created many special purpose entities (SPEs) controlled by senior Enron officers that they used in conducting off balance sheet financing * SPE’s borrowed money from banks using Enron’s stock as collateral However all of the liability was reported on the SPE’s books, not on Enron’s, even though
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FINANCIAL LITERACY AS A TOOL OF FINANCIAL INCLUSION A SUMMER INTERNSHIP REPORT Submitted by KHUSHBOO VERMA Registration No: 11400462 In partial fulfillment of Summer Internship for the award of the degree of MASTER OF BUSINESS ADMINISTRATION School of Business LOVELY PROFESSIONAL UNIVERSITY Phagwara, Punjab July, 2015 1 ACKNOWLEDGEMENT: I am very much obliged to Mr. Vikram Jain (Chartered Accountant) for his valuable suggestion to take up the project in Appu International
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CHAPTER 1 REVIEW MONEY, BANKING AND FINANCIAL MARKETS STEPHEN CECHETTI The Six Parts of a Financial System 1. Money Money is the start of the financial system and the means for making purchases. Accumulating money is a determining factor in defining wealth. Those who store more money are wealthier than those who do not. The consistency of money has a tendency to morph based on changes in the financial system and technology. 2. Financial Instruments Financial instruments are also known as securities
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Security Market Line COMM 298 Outline 1 Portfolios 2 Portfolio Expected Return 3 Portfolio Variance 4 Systematic Risk, Specific Risk, and Diversification 5 Market Portfolio and Measure of Systematic Risk 6 CAPM: From Risk to Return COMM 298 Return, Risk, and the Security Market Line 1 / 54 Outline 1 Portfolios 2 Portfolio Expected Return 3 Portfolio Variance 4 Systematic Risk, Specific Risk, and Diversification 5 Market Portfolio
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failings during the financial crisis, MiFID II seeks to enhance investor protection. MiFID II has a goal of maximising transparency and reducing data fragmentation Product approval and target markets Organisational requirements have been expanded to include an approval process for new financial instruments and adaptations of existing financial instruments before they are marketed or distributed to clients, specifying the target market and ensuring that risks to the target market have been identified
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3.1 Financial Globalisation and Sources of the Crisis Did the rise in cross-border .nancial trade contribute to the origination of the global .nancial crisis? It is possible to identify two main channels by which .nancial globalisation contributed to the .nancial conditions that ultimately gave rise to the crisis. First, the participation of foreign investors (especially foreign banks) fuelled the accel- erated growth of the asset-backed securities markets in the United States that were central
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A financial market is a market in which people and entities can trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds, and commodities include precious metals or agricultural goods. The definition may be termed as: "Financial Markets are generally known as a market where financial securities or/and assets are bought and sold by the buyers and sellers respectively." Some
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