Scholarly Activity: Case Study
International Business
Unit 6 - Scholarly Activity
Arlean M. Love
Columbia Southern University
May 26, 2015
Part One
Your company is deciding to expand to the following countries, and you and two other managers will have to visit these countries to set up operations. You have $1,500.00 to convert in each currency. The corresponding exchange amount is computed and shown in the following table.
Country/Currency
USD Value/Rate (as of 08/14)
Exchange Amount
Japanese Yen
$101.28
$ 153,420.00
Euro
$ 0.75
$ 1,125.00
British Pound
$ 0.60
$ 900.00
Utilizing the same exchange rate, while you are visiting each of these countries, you have to buy supplies/equipment for your operations. The …show more content…
IMF and the European Union stepped in provided bailout or financial assistance in the amount of $26 billion. Two years following this bailout, the Prime Minister decided not to renew the loan because of potential scrutiny of its economic policies. In 2011, however, the Economy Minister revisit the deal with IMF, but there was not a reply from IMF. As of today, Hungary still owes over $2.1 billion to the IMF from its original credit line of $25 billion (http://rt.com). Hungary is making plans to pay back the bailout it received from the IMF, but has also requested that the organization leave the country (http://rt.com).
References
Brogger, T., Einarsdottir, H. K. (2008). Iceland gets $4.6 billion bailout from IMF, Nordics (update3). Retrieved from http://www.bloomberg.com/apps/news?pid=newsarchive&sid =anS9ZeobmXmM
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2015). International business: Environments and operations (15th ed.). Upper Saddle River, NJ: Pearson Education.
Durden, T. (2015). IMF approves $17.5 billion Ukraine bailout. Retrieved from http:// www.zerohedge.com/news/2015-03-11/imf-approves-175-billion-ukraine-bailout
Hungary asks IMF to leave the country after early payback. (2013). Retrieved from http://rt.com/ business/hungary-bailout-loan-imf-170/
International Monetary Financial Committee Meeting. (2014). Retrieved
Unit 6 - Scholarly Activity
Arlean M. Love
Columbia Southern University
May 26, 2015
Part One
Your company is deciding to expand to the following countries, and you and two other managers will have to visit these countries to set up operations. You have $1,500.00 to convert in each currency. The corresponding exchange amount is computed and shown in the following table.
Country/Currency
USD Value/Rate (as of 08/14)
Exchange Amount
Japanese Yen
$101.28
$ 153,420.00
Euro
$ 0.75
$ 1,125.00
British Pound
$ 0.60
$ 900.00
Utilizing the same exchange rate, while you are visiting each of these countries, you have to buy supplies/equipment for your operations. The …show more content…
IMF and the European Union stepped in provided bailout or financial assistance in the amount of $26 billion. Two years following this bailout, the Prime Minister decided not to renew the loan because of potential scrutiny of its economic policies. In 2011, however, the Economy Minister revisit the deal with IMF, but there was not a reply from IMF. As of today, Hungary still owes over $2.1 billion to the IMF from its original credit line of $25 billion (http://rt.com). Hungary is making plans to pay back the bailout it received from the IMF, but has also requested that the organization leave the country (http://rt.com).
References
Brogger, T., Einarsdottir, H. K. (2008). Iceland gets $4.6 billion bailout from IMF, Nordics (update3). Retrieved from http://www.bloomberg.com/apps/news?pid=newsarchive&sid =anS9ZeobmXmM
Daniels, J. D., Radebaugh, L. H., & Sullivan, D. P. (2015). International business: Environments and operations (15th ed.). Upper Saddle River, NJ: Pearson Education.
Durden, T. (2015). IMF approves $17.5 billion Ukraine bailout. Retrieved from http:// www.zerohedge.com/news/2015-03-11/imf-approves-175-billion-ukraine-bailout
Hungary asks IMF to leave the country after early payback. (2013). Retrieved from http://rt.com/ business/hungary-bailout-loan-imf-170/
International Monetary Financial Committee Meeting. (2014). Retrieved