This website uses cookies to ensure you have the best experience. Learn more

Roles Of International Financial Institutions Essay

1126 words - 5 pages

Roles of International Financial InstitutionsIn July 1944, following the end of World War II, several countries met in New Hampshire, United States to devise a way to better manage postwar reconstruction efforts as well as expansion of the global capitalist economy. Out of this meeting, two international financial institutions were created, the World Bank, originally named The International Bank for Reconstruction and Development, and the International Monetary Fund. In addition, several regional institutions such as the Asian Development Bank have emerged in recent years to address the specific needs of countries in a specific region of the world.The International Monetary Fund, commonly ...view middle of the document...

ORG, 2005).In 1999, the ADB introduced its poverty reduction strategy. This strategy was implemented as a means to improve living, social, and economic conditions in developing countries in the Asian and Pacific region by providing loans. In addition to financial support, the strategy focused on educating the people in these regions on ways to be self supported through better governance and use of natural resources.The ADB Poverty Reduction Strategy differs from the strategies of other global financial institutes in that it also attempts to address specific issues that hinder economic development in many of the member countries. For instance, in many Asian and Pacific countries, women are considered as having less worth than a man has or unable to understand and handle the work that is needed to build a strong economy and country. The strategy attempts to promote a sense of equality among genders as it promotes viewing women in a different social light, as being capable and part of the solution to the economic plight of these countries. The strategy shows that the ADB understands that investing in education, healthcare, and other social services for all of the people will help to break the continuous cycle of poverty that is passed on from prior generations.The World Bank website describes its role as "to help governments in developing countries reduce poverty by providing them with money and technical expertise they need for a wide range of projects - such as building schools, roads or water wells - and reform of government services (World Bank, 2005)." The World Bank is a United Nations agency with over 184 member countries that share responsibility for managing operations. The World Bank is comprised of two entities, International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) that provide low-interest loans as well as interest free grants and credit to countries in need.Considering that each of these organizations provide support and resources to many of the same countries, it is evident that there may be some duplication of services. For instance, the IMF started as an advisory committee to assist with stabilizing economies after the end of World...

Other Papers Like Roles Of International Financial Institutions

How International Differences in the Ownership and Financing of Companies Could Lead to Differences in Financial Reporting

1888 words - 8 pages How International Differences in the Ownership and Financing of Companies Could Lead to Differences in Financial Reporting   Introduction The major objective behind the development of International Financial Reporting Standards (IFRSs) has been to achieve financial reporting across different countries, which could be easily compared. In order to achieve this kind of comparability, it is very crucial that the IFRS be used by all the

Complexities of Teh Us. Financial System

1058 words - 5 pages mandate. The Federal Reserve’s roles and responsibilities have developed over the years to meet a growing demand; these responsibilities include supervising and regulating banking institutions, maintaining the stability of the financial system, conducting the nation's monetary policy, and providing financial services to depository institutions, the U.S. government, and foreign official institutions. This is huge task and requires a very detailed

The Benefits and Disadvantages of the Imf and the World Bank

1215 words - 5 pages The Benefits and Disadvantages of the IMF and the World Bank International Economic Course FN5203 Short Paper Assignment 1 Week 2 This essay discusses the benefits and disadvantages of the International Monetary Funds and the World Bank - the Bretton Woods Institutions. The first part of the discussion will be a short history of these institutions and will also try to explain why they were formed. This will be followed by the

Fitt Case Study

887 words - 4 pages transaction • Discuss the importance of export credit agencies and international financial institutions in international trade • Describe the importance of adequate planning relative to the financial aspects of international trade 10/20/2015 TF 1-2 An Introduction to Trade Finance The bottom line of global business Dollars and cents of import and export • Some complexity in arranging payment cross-border, while assuring

Bank And Finance

3341 words - 14 pages . Defined by the Functions It Serves and the Roles It Play: B. Banks and their Principal Competitors C. Legal Basis of a Bank D. Defined by the Government Agency That Insures Its Deposits III. The Financial System and Competing Financial-Service Institutions A. Roles of financial system B. The competitive challenge for banks C. Leading Competitors with banks • Savings Associations • Credit Unions

Financial Systems

2477 words - 10 pages financial system could be defined at an international, regional or organization level. The term “system” in “Financial System” indicates a group of complex and closely linked institutions, agents, procedures, markets, transactions, claims and liabilities within a economy. Five Basic Components of Financial System * Financial Institutions * Financial Markets * Financial Instruments (Assets or Securities) * Financial Services * Money

Islamic Banking Instituitions

2040 words - 9 pages , World Bank, and Bank for International Settlements, and 138 market players and professional firms operating in 39 countries across the world.56 The primary target of IFSB is to develop uniform regulatory and transparency standards to address characteristics specific to Islamic financial institutions, keeping in mind the national financial environment, international standards, core principles, and good practices. The IFSB has also been enhancing

Globalization

338 words - 2 pages To what extent do organizations like the IMF, WTO, and World Bank challenge the nation state’s ability to shape domestic economic and social policy? Over the years, the roles and responsibilities of international organizations have been affected seriously by national, regional and global events, as well as the defining and changing features of globalization. On the one hand, their roles in international affairs first, after the Second World

Fins Bank

2455 words - 10 pages Chapter 1 The Financial Services Industry: Depository Institutions Overview • In this chapter, we explore two major depository institution (DI) groups: – Banks, and – Non-bank depository institutions. • We focus on the major characteristics of each group: – Size, structure and composition of industry group, – Balance sheets and recent trends, – Regulation. • In Australia, the Australian Prudential Regulation Authority (APRA

Police Roles

974 words - 4 pages police. The law dictates how they will fulfill these duties. The police have guidelines and restrictions they must follow. There are many different types of law enforcement agencies all over the country. Each agency has their own roles and responsibilities. Agencies at the federal level are the Secret Service which are responsible for to safeguard payments and financial systems of the United States. Enforcement of the counterfeiting of

Complexities of the U.S. Financial System

884 words - 4 pages pursuit of full employment and stable prices. It also is charged with supervising and regulating banks and other important financial institutions, maintaining the stability of the financial system. Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems is a key responsibility of the Federal Reserve

Related Essays

Roles Of International Financial Institutions Essay

1203 words - 5 pages Roles of International Financial Institutions Marcus Jenkins MGT448 January 10, 2011 Paul Bogert Introduction When listening to the latest television report concerning global business news or world economics, names of financial institutions such as World Bank, International Monetary Funds, and Asian Development Bank may be the center of some discussion. A major player on the global forefront, international financial

Testbank Of Foundations Of Financial Markets And Institutions, 4e (Fabozzi/Modigliani/Jones)

5107 words - 21 pages Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 2 Financial Institutions, Financial Intermediaries, and Asset Management Firms Multiple Choice Questions 1 Financial Institutions 1) Financial enterprises, more popularly referred to as financial institutions, provide a variety of services. Which of the below is NOT one of these? A) Transform financial assets acquired through the market and

Management Of Financial Institutions Essay

2150 words - 9 pages 1. A bank has a negative repricing gap using a 6 month maturity bucket. Which one of the following statements is most correct if MMDAs are rate sensitive liabilities? (Points : 1) If all interest rates are projected to increase, to limit a profit decline when this occurs, the bank could encourage its retail deposit customers to switch from 2 year CDs at current rates to 3 month CDs. If all interest rates are projected to

Instruments Of Financial Institutions Essay

8477 words - 34 pages I UVOD Pojam akcije (share, stock) poznat je jos od XVI veka. Smatra se daje prvo korišćen u Engleskoj, i to da bi označio udeo u finansiranju dugih plovidbi trgovačkog karaktera (Indija, Kina itd. ). Po povratku sa takvih puteva profit koji bi se ostvario prodajom donesene robe djelio se prema udelu, nešto kasnije akcija dobija drugo značenje. Sa razvitkom proizvodnje od zanatske preko manufakturne pa sve do industrijske razvijala se