Zimbabwe: A worthless currency | The Economist http://www.economist.com/node/11751346/print Zimbabwe A worthless currency The local dollar is fast shrivelling away Jul 17th 2008 | JOHANNESBURG | from the print edition WITH prices doubling every few days‚ Zimbabweans now spend huge amounts of time and energy preventing their meagre cash resources from completely evaporating. Trying to catch up with galloping hyperinflation‚ now officially running at 2.2m per cent a year and at least
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Why did the Weimar republic survive the crisis of 1923-24? The French allied invasion of the Ruhr in January 1923 catapulted the fragile Weimar Republic into the direst crisis of its short life. From it‚ confidence in a completely depleted currency as well as control over major political unrest from both left and right wing radicals had to be restored. The invasion came about due to the inability of the German regime to make reparation payments on time to France as their economy was faltering under
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ISSN 0825-5822 The texts published in the series "Cahiers du CETAI" are solely the responsibility of their authors. Cahier de recherche THE NONORTHODOX CURRENCY BOARDS: THE CASE OF BULGARIA Nikolay NENOVSKY* and Kalin HRISTOV* 2001-01 January 2001 * Bulgarian National Bank‚ Research Department; University of National and World Economy‚ Department of Finance‚ Sofia‚ Bulgaria. Copyright © 2001. Centre d’études en administration internationale (CETAI)‚ École des Hautes Études commerciales
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stock market and‚ in general‚ on the smooth operation of financial system functions. The stock market appears in the news every day. You hear about it any time it reaches a new high or a new low‚ & you also hear about it daily in statements like "The Sensex rose 3% today ..." Obviously‚ stocks & the stock market are important. There are two leading stock markets in U.S.‚ the New York Stock Exchange (NYSE) and the Nasdaq. The stocks I compared traded in the NYSE and the Nasdaq exchange are listed
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Gustave Stresemann had a lot of influence over Germany in the period between 1923 and 1929. Before Stresemann took charge in 1923 the Weimar Republic had many problems. In 1922 the government declared that they could no longer pay reparations to France due to severe economic problems. The French angrily responded to this by sending in 60‚000 French and Belgian troops to invade the Ruhr. They took most of Germany’s raw materials‚ the government called for the workers to carry out passive resistance
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Cronin 3319860 Introduction The purpose of this essay is to critically assess the approach that New Zealand has taken with the application of Environmental Assessment (EIA). The first part of this essay will identify and review the introduction of EIA in New Zealand and look at it’s history. The next section will identify and discuss the purpose and principals of EIA. The next part of the report will then outline the current application of EIA and its incorporation into New Zealand’s law and
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The purpose of this report is to analyse the reasons for‚ the impact of‚ and the measures taken in response to the Mexican currency crisis of 1994-1995. The first objective is to assess the reasons for the crisis. Why did Mexico‚ a once immensely desirable investment destination become the bain of the international financial community following December 1994? The second and chief objective is to assess the impact of the crisis on the foreign exchange and stock markets. The report answers why
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Chapter 5 Currency Derivatives Lecture Outline Forward Market How MNCs Can Use Forward Contracts Non-Deliverable Forward Contracts Currency Futures Market Contract Specifications Comparison of Currency Futures and Forward Contracts Pricing Currency Futures Closing Out a Futures Position Credit Risk of Currency Futures Contracts Speculation with Currency Futures How Firms Use Currency Futures Closing Out a Futures Position Transaction Costs of Currency Futures Currency Call Options
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Summary AIFS is an American based company that offers travel abroad and exchange study services to both college and high school students. While AIFS’s revenues are denominated in American Dollars (USD)‚ most of their costs are in foreign currencies as Euros (EUR) and British Pounds (GBP). Consequently‚ foreign exchange hedging has a crucial importance for the company because it provides protection against different types of risk that derive from its activity. In order to reduce risk‚ the company
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Currency Conversion Test Procedure Display Menu Test Cases Test Case 1: Valid Selection = Canadian Dollars Inputs: Menu Selection = 1 Expected Outputs: “Do you want to continue with the conversion: Y = Yes‚ N = No” Currency Type = 1 Test Case 2: Invalid Selection = Russian Rubels Inputs: Menu Selection = > 5 Expected Outputs: “Invalid menu selection‚ please pick a different selection.” Test Case 3: Quit = N Inputs: Quit = N Expected Outputs: “Do you want to continue
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