bus 450 completi course week 1 to 5

Readings
Read the following chapters in International Financial Management:
1.	Chapter 1: Globalization and the Multinational Firm 
2.	Chapter 2: International Monetary System 
3.	Chapter 3: Balance of Payments
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Required Website

    1.  View the International Monetary Funds’ overview of Globalization and the Crisis (2005 - present) and watch the video IMF: The History of Financial Crisis. The site 
         supports this week- chapter readings.
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Recommended Website

     1.  The Financial Management Association International (FMA). Retrieved from http://www.fma.org/. The site supports this week- chapter  readings and provides resources for effective financial decision-making on an international level. 

Discussion 1 - Staying Competitive

With technological advances, companies can expand their operations effectively and efficiently. International financial management is essential for companies to remain competitive. What are the risks of international financial management? Respond to at least two of your classmates’ postings.

Discussion 2 - International Monetary System

In Chapter 2, you were introduced to various aspects of the international monetary system.  Discuss the criteria for a “good” international monetary system.  In your discussion, be sure to support your answer by explaining why the stated criteria are necessary. Respond to at least two of your classmates’ postings.

Reference
Eun, Eun, C. S., & Resnick, B. G. (2012). International financial management. (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780078034657

Ashford 3: - Week 2 - Discussion 1 - Foreign Exchange Markets

Provide a comprehensive explanation of foreign exchange markets. Be sure to include examples of how forward markets and spot markets operate. Respond to at least two of your classmates’ postings.

Reference

Eun, C. S., & Resnick, B. G. (2012). International financial management. (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780078034657

Ashford 3: - Week 2 - Discussion 2 - Foreign Auto Purchase
Read the scenario presented in Chapter 6 Problem #2 (at the end of the chapter): While you were visiting London, you purchased a Jaguar for £35,000, payable in three months. You have enough cash at your bank in New York City, which pays 0.35 percent interest per month, compounding monthly, to pay for the car. Currently, the spot exchange rate is $1.45/£ and the three-month forward exchange rate is $1.40/£. In London, the money market interest rate is 2.0 percent for a three-month investment. There are two alternative ways of paying for your Jaguar. 
       a. Keep the funds at your bank in the United States and buy £35,000 forward.
       b. Buy a certain pound amount spot today and invest the amount in the U.K. for three months so that the maturity value becomes equal to £35,000. 

Analyze the alternatives presented and make a recommendation on purchasing the Jaguar. Be sure to provide support for your recommendation - why do you prefer the stated alternative? What are the advantages of the alternative that you have selected? Respond to at least two of your classmates’ postings.

Reference

Eun, C. S., & Resnick, B. G. (2012). International financial management. (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780078034657

Foreign Monetary System
Describe forward, futures and options foreign currency markets, and discuss how they demonstrate arbitrage problems in international finance. Use a minimum of three resources to support your discussion. Summarize your findings in a three- to five- page paper, not including title and references pages. Be sure to properly cite your resources using APA style.
The Week Three Assignment:
1.      Must be three to five double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center. 
2.    Must include a title page with the following: 
•	Title of paper 
•	Student- name 
•	Course name and number 
•	Instructor- name 
•	Date submitted 
3.     Must begin with an introductory paragraph that has a succinct thesis statement. 
4.   Must address the topic of the paper with critical thought. 
5.   Must end with a conclusion that reaffirms your thesis. 
6.   Must use at least three scholarly sources. 
7.   Must document all sources in APA style, as outlined in the Ashford Writing Center. 
8.   Must include a separate references page, formatted according to APA style as outlined in the Ashford Writing Center. 
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.


Ashford 4: - Week 3 - Discussion 1 - Hedging

There are some risks involved with international transactions due to fluctuations of the foreign currency exchange rates. One way to mitigate those risks is through hedging. Discuss the hedging options: forward contracts and option contracts. What are the advantages and disadvantages of each alternative? What are the costs of each alternative? When is one alternative preferred over the other? Respond to at least two of your classmates’ postings.

Reference

Eun, C. S., & Resnick, B. G. (2012). International financial management. (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780078034657


Ashford 4: - Week 3 - Discussion 2 - Managing Exposure

It is generally not possible to completely eliminate both translation exposure and transaction exposure. In some cases, the elimination of one exposure will also eliminate the other. In other cases, the elimination of one exposure actually creates the other. Discuss which exposure might be viewed as the most important to manage. What are the advantages and disadvantages of the common methods for controlling translation exposure? Respond to at least two of your classmates’ postings.


Reference

Eun, C. S., & Resnick, B. G. (2012). International financial management. (6th ed.). New York, NY: McGraw-Hill. ISBN: 9780078034657


Ashford 5: - Week 4 - Discussion 1 - International Banking

Identify and discuss one type of international banking office and a service it provides. Respond to at least two of your classmates’ postings.





Ashford 5: - Week 4 - Discussion 2 - International Bonds

Discuss the process of bringing a new international bond issue to market. What should a borrower consider before issuing dual-currency bonds? What should an investor consider before investing in dual-currency bonds? Respond to at least two of your classmates’ postings.





Ashford 6: - Week 5 - Discussion 2 - Reflection

Reflect on the concepts that have been introduced and evaluated throughout this course. Identify one concept and explain how this concept will help you grow both academically and professionally. Respond to at least two of your classmates’ postings.




Ashford 6: - Week 5 - Discussion 1 - International Diversifications

Discuss the advantages and disadvantages of closed-end country funds (CECFs) relative to American depository receipts (ADRs) as a means of international diversification. Why do you think closed-end country funds often trade at a premium or discount? Respond to at least two of your classmates’ postings.












Final Paper
BUS 450
Instructor 
July 7, 2014
 
Final Paper

For the Final Paper I have revised the instructions a bit. It just needs to be 1,000 words minimum. You also want to use a minimum of three sources. As an alternative, you can either follow the original instructions or choose an international financial topic (it can be a current topic or a non-time sensitive topic) to write on. It is your choice.

Select a foreign country and analyze its monetary system. Research the country- monetary system using at least five scholarly sources, including a minimum of three from the Ashford Online Library. Your analysis should be an eight to ten page paper formatted according to APA style guidelines. 

Address the following aspects in your paper: 
•	Analyze the evolution of the country- monetary system, including the impact of any fiscal monetary and trade policies. 
•	Describe the major components of the monetary system, including organizations and financial institutions. 
•	Describe the currency exchange rates and any significant impacts on the exchange rates.  
•	Analyze the issues around economic exposure, transaction exposure, and translation exposure. 
•	Recommend to investors whether they should buy or sell futures or options in that currency. 
Writing the Final Paper
The Final Paper:
1.	Must be eight to ten double-spaced pages in length, and formatted according to APA style as outlined in the Ashford Writing Center. 
2.	Must include a title page with the following: 
o	Title of paper 
o	Student- name 
o	Course name and number 
o	Instructor- name 
o	Date submitted 
3.	Must begin with an introductory paragraph that has a succinct thesis statement. 
4.	Must address the topic of the paper with critical thought. 
5.	Must end with a conclusion that reaffirms your thesis. 
6.	Must use at least five scholarly sources. 
7.	Must document all sources in APA style, as outlined in the Ashford Writing Center. 
8.	Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center. 
 
Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
 
References