SLP Nationalism, Bias, and World Finance
Module 1 - SLP
NATIONALISM, BIAS AND WORLD FINANCE
Assignment Overview
Currency Exchange
It is time to delve into currency exchange and learn about some terms used in the field.
We will start with a short video -created by a former Chief Portfolio Strategist of a $50 billion investment advisory firm. There are many government, private, and public websites and databases that provide rich information on countries. This is your opportunity to use two companies’ resources available to the public for free.
Session Long Project 1 Resources
Exchange Rate Mechanism (Regime) (2021)
Currency Fluctuations: How they Affect the Economy (2021)
How Does the Exchange Rate Work and How Does It Affect Many Parts of Your Life? (2021)
What Do We Mean by Currency and Foreign Exchange? (2020)
International Banking (2019)
How Importing and Exporting Impacts the Economy (2020)
SLP Assignment
Currency Exchange
Visit this Currency Analysis site - and see what data is available on the page. Select United States when asked Country. The landing page shows U.S. Dollar (USD) exchange rates compared to four other currencies: EURO, Japanese Yen (JPY), British Pound (GBP), and Swiss Franc (CHF). It also allows you to browse 147 currencies. For most currencies, the site will categorize:
- Exchange Rate Regime
- Level of Currency Instability
- Yearly average rate (4 years)
Research and find out what these terms mean. Using the pull-down menu, select your UN Member State currency of interest. Research currencies (one at a time) from two total UN Member States (other than the EURO, USD, JPY, GBP, or CHF). NOTE: the countries analyzed here will not be used in other course assignments.
Provide information explaining the foreign currencies and how they are exchanged, the level of instability, and their yearly average rate. If the currency does not have information on all three categories, select another.
See table attached.
Explain the significance of the information contained in the table. Discuss how the country’s exchange rate/stability and importing and exporting are related. (1/2 page)
Provide an economic overview of the country using Santander Analyze markets (Enter name in country information)
Do not copy tables of data. You will write about the economy. You should include the effects of COVID, overall economic growth, inflation, the country’s financial sector (as examples). (1/2 page)
Write about the country’s risk assessment using CoFace Country risk assessment data. (1/2 page)
No quotations are permitted in this paper. Each paragraph (except the introduction and conclusion) must contain at least one in-text citation. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” on the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate.
SLP Assignment Expectations
Use the attached APA-formatted template (BUS401 SLP1 ) to create your submission.
The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.
SLP Nationalism, Bias, and World Finance
Student’s Name
Institution Affiliation
Course Number: Name
Instructor’s Name
Due Date
SLP Nationalism, Bias, and World Finance
Table
Currency/Country
Norway
ExchangeRate Regime
Currency convertibility is unrestricted. There are two separate floating exchange rate regimes.
Level of Currency Instability
The Central Bank of Norway administers the significant fluctuations in the value of the Norwegian krone from one year to the next.
Yearly average rate (4 years)
2017
2018
2019
2020
Compared to USD
0.12
0.12
0.11
0.11
Source: Santander Trade
Significance of the Information in the Table
Norway's debt-free status is due to its stable krone. As an independent currency, the Norwegian krone is unaffected by another country's economic slump or collapse. According to Leick et al. (2020), Norway's GDP per capita makes it wealthy. Musa and Basir (2019) report that the nation under consideration has the 34th biggest export economy and the 17th highest economic complexity index (ECI) 1. According to the International Monetary Fund, Norway had a $398 billion GDP in 2017 (Schoper et al., 2018).
Norway is the EU's seventh-largest commercial partner. Norway and the EU have a EUR 2.5 billion trade imbalance as of 2019. The EU accounts for 60% of Norway's exports. Machinery, equipment, and transportation commodities are the EU's main exports to Norway, whereas mineral materials make up half of its imports. FDI between Norway and the EU is significant yet limited. Norway is the sixth biggest EU service trader. The Norway-EU services trade balance is stable and constant.
Norway is one of the top seven crude oil exporters. Norway's oil and gas sector comprised 18% of its GDP and 62% of its imports in 2018 (Bang & Lahn, 2020). Norway is a major Western European natural gas supplier. Norwegian gas made up 31% of EU gas purchases in 2018. Leick et al. (2020) noted that most Norwegian commodities went to the EU. Germany, France, the UK, and Belgium buy most Norwegian gas in the EU.
As an EEA member, Norway fully implements the acquisition communautaire, including the free movement of goods, people, services, and money. Norway also follows transit, competition, public policy, consumer protection, environment, statistics, and corporate law policies that promote these freedoms.
Overview of Country Using Santander Analyze Markets
Statistics Norway (SSB) reports that the Norwegian economy grew faster than expected from July to September. Musa and Basir (2019) attribute this economic improvement to COVID-19 limitations being lifted. The SSB reported a 2.6% GDP growth rate for one-third of the continent, excluding oil and gas output. Reuter experts expected 2.5% growth, which matches this pace (Schoper et al., 2018). The violence affecting resource sectors was the leading cause of third-quarter growth.
Bang and Lahn (2020) report a significant growth in jobs in housing, food, arts, entertainment, and associated industries. Transportation services have also been active, the authors say. The epidemic's persistence offers a chance to revive business and improve education's skill-building function. This will help mai...
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