Bretton Woods System
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- Describe the features of Bretton Woods System or pegged rate currency system
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Describe the impact to the worldwide financial system of the failure of Herstatt Bank.
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- Which of the following is a matured money market instrument widely used in the USA, Europe and Asia where both cash and securities are the motivators? a. Commercial Papers b. Treasury Bills c. Repurchase Agreements d. Certificate of DepositsWhat is a currency board? Describe the strict rules about the composition of reserves and domestic credit that apply to this type of monetary arrangement.What type of banking risk includes deterioration of the value of the local currency in terms of the bank’s base currency; convertibility or transfer risks. a. Credit Risk b. Liquidity Risk c. Foreign Exchange Risk d. Interest Rate Risk
- Explain the following: Liquidity management currency issue lender of last resort financial supervision Management of foreign currency reserves Determination of exchange rate policyExamples of off-balance-sheet activities include foreign exchange market transactions. Oborrowing from other banks. O extending loans to depositors. discount window operations.The deterioration of economic conditions; deterioration of the value of the local currency in terms of the bank’s base currency; convertibility or transfer risks; market crisis are examples of what kinds of risk? Select one: a. Solvency risk b. Foreign exchange risk c. Sovereign risk d. Credit risk
- For each of the following monetary policy tools:A. The BSP buys securities in the open market.B. The BSP sells foreign exchange currentC. The BSP increases the reserve requirement ratio.D. The BSP applies its moral suasion ability requesting commercial banks to lowerdown interest rates.E. The government decided to deposit funds at the BSP.1. Determine whether the monetary tool imposed by the BSP is an expansionary or acontractionary policy.1. How has deregulation of the financial services industry affected the makeup offinancial intermediaries? How do you think intermediaries’ characteristics willchange in the future? 2. How do banking organizations in the United States differ from banking organizationsin other countries? Why are they different? 3. How is money created in a banking system that has fractional reserve requirements(i.e., a fractional reserve system)? 4. Describe the open market operations undertaken by the Federal Reserve. Whattype of trades would the Fed make if it wanted to increase interest rates? 5. How would funds—that is, the money supply—in the United States be affectedif the Federal Reserve increases reserve requirements? Give an example.Write Notes on the Following A: Off Balance Sheet Assets and Liabilities B: Interest Rate Risk Management C: Sterilized Intervention in Foreign Exchange D: Unsterilized Intervention in Foreign Exchange E: Balance of Payment
- Briefly describe the reasons for the development and growth of the European money market. Explain how the international money, credit, and bond markets differ from one another.Government policies relating to the national debt and barriers to trade do not impact the demand and supply of a currency and the exchange rate. Select one: True FalseShould the Federal Reserve take the decision to introduce its own digital currency into circulation, which of the following policy instruments will it make use of? a) Open Market Policy b) Credit ceilings c) Exchange control regulations d) Deposit rate control