Contents EXECUTIVE SUMMARY 2 CHAPTER 1: COMPANY PROFILE 3 CHAPTER 2: ASSESSMENT OF COUNTRY FACTORS 5 Factors Affecting Balance of Trade between United States and Maldives 5 Import Controls in Maldives 7 CHAPTER 3: USING THE FOREIGN EXCHANGE MARKET 8 The Spot Market 8 Analysis of USD/MVR Cross Rate for the Last 1 Month, 3 Months and Last Year 9 CHAPTER 4: USE OF FORWARDS AND FUTURES MARKET 11 Analysis of Future Price Vs Spot Rate 12 CHAPTER 5: USING CURRENCY OPTIONS 13 CHAPTER
Words: 4423 - Pages: 18
Betting Against Beta Andrea Frazzini and Lasse H. Pedersen* This draft: October 9, 2011 Abstract. We present a model with leverage and margin constraints that vary across investors and time. We find evidence consistent with each of the model’s five central predictions: (1) Since constrained investors bid up high-beta assets, high beta is associated with low alpha, as we find empirically for U.S. equities, 20 international equity markets, Treasury bonds, corporate bonds, and futures; (2) A
Words: 29988 - Pages: 120
1 Preliminary draft The First Global Emerging Markets Investor: Foreign & Colonial Investment Trust 1880-1913 David Chambers and Rui Esteves∗ September 2011 Abstract: The Foreign and Colonial Investment Trust (FCIT) is the oldest surviving closed end fund in the world today. Its early success was related to its identification of a missing market, namely, the provision of a wholesale diversified investment vehicle for the investing public. Whilst much research has been conducted on
Words: 12264 - Pages: 50
Finance Theories Taxonomy 1 Finance Theories Taxonomy 2 Finance Theories Taxonomy This document presents a taxonomy of selected finance theories developed in past 5 decades by academics, practitioners and scholars in the United States, Europe, Asia and Latin America. A total of 14 theories and models are synthesized in this work, organized in five tables with the same structure: Theories of capital structure; capital budgeting and cost of equity; asset valuation, financial behavior
Words: 5057 - Pages: 21
Portfolio Modeling and Evaluation: Beating the Market ABSTRACT During the period of 2005 to 2010, the market portfolio (P1) and one suggested portfolio (P3) post a positive absolute return of 0.80% and 0.82% respectively which underperformed the active fund portfolio (P2) 0.91%. This report follows
Words: 5765 - Pages: 24
Harvard Business School 9-293-128 Rev. October 6, 1995 American Barrick Resources Corporation: Managing Gold Price Risk During 1992 the financial team of Toronto-based American Barrick Resources Corporation, one of the world’s fastest growing and most financially successful gold-mining concerns, met regularly to review strategic and tactical issues related to managing the firm’s exposure to gold price risk. Many major gold mines prided themselves on hedging none of the price risk of their
Words: 13270 - Pages: 54
3/14/2014 www.eguaglianzaeliberta.it/stampaArticolo.asp?id=306 Stampa Dal Mondo Globalism's Discontents Ittzoifnnireitrainl,noerchzeenoepvrài u sgi siuin iazai nenzoai uv icez uv oet n n ago dlNbl e oe Pubblichiamo l'articolo, comparso su "American Prospect" all'inizio del 2002 di Joseph E. Stiglitz, premio Nobel per l'economia e profondo conoscitore dei meccanismi economico-finanziari internazionali, dal titolo "Globalism's Discontents". Questo articolo è la base del libro di Stiglitz
Words: 5331 - Pages: 22
Problems and Solutions 1 CHAPTER 1—Problems On 12/04/01, consider a fixed-coupon bond whose features are the following: • • 1.1 Problems on Bonds Exercise 1.1 face value: $1,000 coupon rate: 8% • coupon frequency: semiannual • maturity: 05/06/04 What are the future cash flows delivered by this bond? Solution 1.1 1. The coupon cash flow is equal to $40 8% × $1,000 = $40 2 It is delivered on the following future dates: 05/06/02, 11/06/02, 05/06/03, 11/06/03 and 05/06/04. The redemption value is
Words: 16006 - Pages: 65
How did Financial Reporting Contribute to the Financial Crisis? Mary E. Barth Graduate School of Business Stanford University Stanford, CA, 94305 mbarth@stanford.edu. Wayne R. Landsman Kenan-Flagler Business School University of North Carolina at Chapel Hill, Chapel Hill, NC 27599 wayne_landsman@unc.edu. May 2010 Forthcoming, European Accounting Review, 2010 We appreciate comments from seminar participants at the Bank of Spain, Rob Bloomfield, Elicia
Words: 12577 - Pages: 51
Research Proposal on “To study the impact of oil price shocks on the macroeconomic performance of China” Table of Contents Dissertation Title 3 Introduction 3 Rationale of Study: Error! Bookmark not defined. Outline of the Research Project: Error! Bookmark not defined. Research Questions Error! Bookmark not defined. Research Aim and Objectives Error! Bookmark not defined. Significance of the study………………………………………………………………………………………………………………………..11 Research Methodology…………………………………………………………………………………………………………………………
Words: 10757 - Pages: 44
