International Monetary and Financial Environments
Explain the causes of the global financial and economic crisis that started in the U.S. in 2007. What effect did it have on the global economy? How did the global economy recover? What kind of fiscal and monetary policies were implemented? What are the challenges that remain for the global economy?
Your well-written paper should meet the following requirements:
5-6 pages in length
Support your analysis by referencing and citing at least three scholarly sources in addition to embedding course material concepts and principles. Use University academic writing standards and APA style guidelines, citing references as appropriate.
Module Introduction
In this module, you will explore the international monetary and financial environment. You will learn about exchange rates and currencies in international business, as well how exchange rates are determined and the emergence of the modern exchange rate system. You will also be introduced to the key players in the monetary and financial systems and learn about the global debt crisis.
Readings
Note: The following readings may require you to be logged in to the Saudi Digital Library. You may do that here.
Required
• Chapter 9 in International Business: The New Realities
• Bremmer, I. (2014). The new rules of globalization. Harvard Business Review. Retrieved from https://hbr.org/2014/01/the-new-rules-of-globalization
Recommended
• Chapter 9 PowerPoint slides – International Business: The New Realities
• Obstfeld, M., &Taylor, M. A. (2017). International monetary relations: Taking finance seriously. The Journal of Economic Perspectives, 31(3), 3-28.
• Prasad, E. (2016). The international monetary system: Is it fit for purpose? Brookings. Retrieved from https://www.brookings.edu/research/the-international-monetary-system-is-it-fit-for-purpose/
For Your Success
This week, you will complete a Critical Thinking Assignment. You need to explain the causes of the global financial and economic crisis that started in the U.S. in 2007. What effect did it have on the global economy? How did the global economy recover? What kind of fiscal and monetary policies were implemented? What are the challenges that remain for the global economy?
Remember to complete the Check Your Understanding quiz to ensure that you have mastered this week’s concepts. There will also be a required Live Session this week.
Learning Outcomes
1. Discuss the exchange rates and currencies in international business.
2. Evaluate monetary and financial systems.
3. Identify the key players in the monetary and financial systems.
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