variability of foreign exchange gains and losses on ROE. These tests yielded a P-Value of 0.04 or 4%. A P-value of 4% is less than set significance levels at 5% (95% level of confidence) and 10% (90% level of confidence) hence the Null Hypothesis which states that there is no significant impact of foreign exchange gains and losses on the profitability of Oil and GAS Companies cannot be rejected. This implies that there is a significant impact of foreign exchange gains and losses on the…
Exports to the U.S. stayed down by “79 percentage points (by value) in 2009 and by 30 percentage points in 2010” (Pork, M), when less than “2 per cent of total Manitoba pork exports” (Pork, M) went to United States. In the year of 2012, exports sent to the United States increased to almost “25.02 per cent of the total value” (Pork, M). “Japan is Manitoba’s largest and most profitable pork market” (Pork, M) by far. Over“41 per cent of Manitoba pork exports (by value) and 26.1 per cent…
According to Stigliz the global financial system is not working well. It is especially not working well for the developing countries; money is flowing uphill from the poor to the rich. The richest country in the world, the United States cannot live within its means. They have been known to burrow 2 billion a day from poorer countries. Much of the money that is burrowed from the developing countries to the developed world is used to pay enormous debts. Stigliz believes that the problems of the…
Have you ever wondered why a dollar or even a coin has any value at all? It’s just a piece of paper or metal and just as easily seashells or beads could have been given value for trade, right? Well what’s stopping other physical objects, or in this case pieces of code, from having value? Virtual currency or “cryptocurrency”, so called because it is a currency that uses a form of cryptography, is a type of currency that exists solely online. One of the most successful cryptocurrencies to emerge…
Argentina, on the other hand, has a wide range of natural resources that the country benefits from. In 1976, the economy was affected by the depraved governance of a military dictatorship, which led to an increase in corruption and in anti-labor policies due to financial liberation increasing the country’s debt by reducing capital for investment. While Argentina is a rich country, since 1974 their economy has recorded steady economic growth meaning that there’s very little to no progress being…
the years the US dollar has proved to be one the more superior currency in the world. The US dollar will always be as strong as it because it is high in demand. Especially when we are trading with other developed economies such as Japan or Europe. So with the relatively good economy, it has helped boost up the US financial markets, it has made the us more attractive to foreign capital. Even though the US dollar has proven its worth some doubt its strength. Some claim the dollar constantly loses…
Obviously, the main currencies used in ASEAN are US dollar, Euro, UK pound, and the Japanese yen. This section shows the comparison of those currencies to RMB in recent years. As mentioned earlier, the most important currency for ASEAN is US dollar. There are several reasons behind this. First, ASEAN’s currencies were originally fixed to US dollar since the countries would like to import macroeconomic stability from US dollar. With the mismanaged U.S. monetary policy, ASEAN countries would like…
over Japan, but not significant. The growth in the economy will be affected in 2016 by the wildfires in Fort McMurray, exports, and more job losses than new positions (Kirby, 2016). There has been a decrease in Canada’s exports, mainly to the United States. Canada is currently experiencing a housing boom, which could have an effect on the economy. Some experts feel that it could end in a recession, similar to the U.S. a few years ago. Home buyers are having to save money for the down…
Australian dollar can affect the performance of the Australian economy? Exchange rates measure the relative value of a currency in exchange for a foreign currency. The exchange rate affects Australia’s economy most directly through changes in the demand for imports and exports. Australia’s adoption of a floating exchange rate in 1983 has had major implications on Australia’s relative international competiveness, terms of trade and the balance of payments. Over the past decade the Australian…
no direct link to today (Helleiner, 2006, p. 943). Additionally, others examine how organizations formed from the Bretton Woods Agreement are tools for shaping policy in other Countries (Lipscy, 2015, p.341). Or, they only focused on how it impacted one country with no comparison to other countries (Newton, 2013, p.…