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Finance in a global context, International financial institutions, IMF,…
Finance in a
global context
International
Monetary Fund
Ensure stability of international
monetary system
exchange rates
International payments
Economic cooperation
Framework
Global stability
2008/09
Financial Crisis
Global imbalances
High Public Sector spending vs
Low Private Sector spending
Surpluses and deficits
High domestic saving
Saving more
Spending less
Lower demand
Less investment
Longer recessions
Uncertainty
Threatened systems
Tax
Labour tax
Property tax
Social contributions
Property transfer tax
Corporate income tax
Dividend tax
Financial transactions tax
Waste collection taxes
Capital gains tax
Vehicle and road tax
Transfer pricing and
transfer mispricing
Base erosion
Erosion of
national tax bases
Happens by
profit shifting
Profit shifting
Moving profits
across borders
Lower tax rates
Financial regulation
Financial reporting
Information for
investors
International Financial
Reporting Standards Agency
IFRS Standards
Accountability
Efficiency
Transparency
Items to be
recognised as
assets, liabilities,
income and expense
How to measure
these items
How to present them in
financial statements
Related disclosures
Public interest
Not for profit
Role of
multinationals
Negatives
Tax avoidance
Exploitation
Antitrust policies
Increased concentration
of power
Reduced competition
Higher costs
Economic
Social
Positives
Innovation
Free services
Operations in
at least two
different countries
Balance of
payments
Current account
Tracks transactions
Economic indicator
Capital account
Financial account
Must balance
Understand a countries
comparative position
Foreign direct
investments
Made my companies
Multinationals
Found plants and offices
in other countries
Allowing production
and sales worldwide
International financial
institutions
Financial support
Grants
Loans
Social development
activities
Economic
World Bank
189 countries
Board of governors
Goals by 2030
Promote shared prosperity
End extreme poverty
Policymakers
