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Finance in a global context, logo-of-the-international-monetary-fund-imf…
Finance in a global context
International financial institutions
IMF
Stabilise exchange rates
Ensure stability
The
world bank
Reduce poverty
Boost shared prosperity
The balance of payments
Current account
Registers payments
Imports/exports
Trade in goods/services
Income/ transfers to and from abroad
Capital account
records all transfers to and from abroad
Financial account
Records financial inflows
Covers claims
Global imbalance
#
Countries have more assets than others
Cause of financial and economic crisis
Surplus/deficit
Foreign
direct investments
operations in another country
Securing operational control
Increasing productivity
Multinationals
#
Operations in two or more countries
Provide innovative products
Control over finances
Increase profits
International financial reporting
Accounting standards
Provide financial information
Capital maintenance
