This is Global Economics and Business Initiatives course.
Required textbook is Krugman, P. R., Obstfeld, M., & Melitz, M. (2018).
International economics, Theory and policy (11th ed.) Pearson Print ISBN: 9780134519579, 0134519574 E-Text ISBN: 9780134521046, 0134521048
Assignment
study the history of international financial activity from 1960 up to the present. You will see the expansion of international banking, you will see that multinational corporations can buy Thai Baht in the branches of Citibank in São Paulo, Brazil.
You will discover that an American bank located in London accepts a deposit denominated in Japanese yen from a Swedish corporation, or to lend Swiss francs to a Dutch manufacturer. (Chapter 20)
Write four pages APA formatted paper that includes the following:
A graph that shows the trend of international financial activity from the 1960s up to now.
Explain and demonstrate in quantitative formatting the economic reasons for this trend regarding:
The growth of world real GDP
The expansion of international business by developing and underdeveloped economies.
The world’s need for liquidity
The expansion of global business
The expansion of international banking
Offshore Banking and Offshore Currency Trading
Whatever other reasons you might find appropriate such as constant current account deficit in the USA
The paper should begin with an introduction and have a conclusion. Provide your explanations and definitions in detail and be precise. Comment on your findings. Provide references for content when necessary. Provide your work in detail and explain in your own words. Support your statements with a minimum 8 peer-reviewed in-text citation(s) and reference(s) with 1 textbook citation, making the references a minimum total of 9 references
Kindly make sure the assignment is not plagiarized and 100% written by you. It will be submitted on turnitin. Thank you.
