Bücher von Daniel Plaza

Seminar paper from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 83%, University of Westminster (Msc Finance and Accounting), course: INTERNATIONAL RISK MANAGEMENT, language: English, abstract: The purpose of this report is to discuss the role of currency futures in risk management as well as their main advantages and drawbacks. The report will analyse the global rate of utilization of currency futures by comparison with other main currency derivatives and the geographic differences in their usage. Possible explanations for the preference for certain currency derivatives in risk management will be given.The usefulness of currency futures rate as an estimator of future spot rate will be discussed by reviewing and summarizing the existing literature on this subject.Practical applications of currency futures also will be covered in this report.

Case Study from the year 2010 in the subject Economics - Economic Cycle and Growth, University of Westminster, language: English, abstract: It is widely acknowledged that the 2007 ¿ 2009 financial crises have been one of the most ferocious of our history. The financial crisis began on August ¿ September 2007 and the Lehman Brothers' bankruptcy just confirmed that the fantastic cycle of economic growth had finished. Moreover, since September 15, 2008 the domino effect due Lehman Brothers' collapse spread the fear among the financial markets and investors. In the UK, the Northern Rock crisis has been one of the most dramatic and clearest consequences of the recent financial collapse. As a result of that, the Bank of England had to act as a lender-of-last-resort and the British Government offered guarantee for deposits of a bank for the first time in the history. Northern Rock was previously a mutual building society converted to bank in 1997, however it remained focused on the mortgage market and became the eighth largest bank and the fifth largest mortgage lender in the UK. Since its demutualization, Northern Rock had grown through heavy reliance on borrowing with about 50% of its funding coming from securitization.In order to explain the Northern Rock crisis, it is necessary to analyze several circumstances as a whole, since it was the result of a multi- dimensional problem. This paper seeks out to do so by taking a closer look at the business model, the financial turmoil, and the attitude of regulators.