Essay, Finance and Accounting
Project description
The assessment consists of two parts, namely empirical study and small essay. Each part accounts for 50% of the final mark of this module. The required word count is 4,000 words in total excluding tables and graphs. This represents 2,000 words in total for empirical study and 2,000 equivalent words for small essay.
FIN
9003
M
International Finance
Assessment
Unit Title:
International Finance
Unit Code:
FIN9003M
Level:
Postgraduate Diploma
Credits:
15 CATS points
Subject:
Finance
Department:
Lincoln Business School
Unit Coordinator
Dr Mi Lin
mlin@lincoln.ac.uk
Office: BL3202
Office number: 01522 886284
Pre
-
requisites:
None
Co
-
requisites:
None
Barred Combinations:
None
H
and
-
in
D
ate
:
29 April, 2014
This module will be assessed by the equivalent of one 4,000 word
written assignment.
The assignment for this module consists of an individual assignment.
A.
Learning outcomes covered
1.
Critically discuss the relationship between exchange rates, interest rates, and prices
using models of exchange rate determination.
2.
Evaluat
e the determination of current account and international business co
-
movement.
3.
Critically review the operation of the exchange rate systems.
4.
Predict and critically assess the financial and macroeconomic impacts of exchange
rate
fluctuations and exchange ra
te policies.
B.
Assessment
The assessment consists of two parts, namely empirical
study
and small essay.
Each
part accounts for 50% of the final mark of this module.
The required word count is
4,000 words in total
excluding tables and graphs
. This represents
2,000 words in total
for empirical study and 2,000 equivalent words for small essay.
F
or each part of the
assessment,
a 10
%
/
+
-
on the word limit is acceptable.
Empirical
Study
:
Please c
hoose
ONE
of the following
question
s
for
your
empirical study
and
prepare a
2,000 word written report.
You should submit your dataset
and program
with report
for evaluation
.
1.
Test for
Risk Premia in Foreign Exchange
Markets
:
FT.com (UK) reports spot and forward
exchange rate of other currencies aga
inst
Sterling.
You can download these data from FT.com data archive:
The assessment consists of two parts, namely empirical study and small essay. Each part accounts for 50% of the final mark of this module. The required word count is 4,000 words in total excluding tables and graphs. This represents 2,000 words in total for empirical study and 2,000 equivalent words for small essay.
FIN
9003
M
International Finance
Assessment
Unit Title:
International Finance
Unit Code:
FIN9003M
Level:
Postgraduate Diploma
Credits:
15 CATS points
Subject:
Finance
Department:
Lincoln Business School
Unit Coordinator
Dr Mi Lin
mlin@lincoln.ac.uk
Office: BL3202
Office number: 01522 886284
Pre
-
requisites:
None
Co
-
requisites:
None
Barred Combinations:
None
H
and
-
in
D
ate
:
29 April, 2014
This module will be assessed by the equivalent of one 4,000 word
written assignment.
The assignment for this module consists of an individual assignment.
A.
Learning outcomes covered
1.
Critically discuss the relationship between exchange rates, interest rates, and prices
using models of exchange rate determination.
2.
Evaluat
e the determination of current account and international business co
-
movement.
3.
Critically review the operation of the exchange rate systems.
4.
Predict and critically assess the financial and macroeconomic impacts of exchange
rate
fluctuations and exchange ra
te policies.
B.
Assessment
The assessment consists of two parts, namely empirical
study
and small essay.
Each
part accounts for 50% of the final mark of this module.
The required word count is
4,000 words in total
excluding tables and graphs
. This represents
2,000 words in total
for empirical study and 2,000 equivalent words for small essay.
F
or each part of the
assessment,
a 10
%
/
+
-
on the word limit is acceptable.
Empirical
Study
:
Please c
hoose
ONE
of the following
question
s
for
your
empirical study
and
prepare a
2,000 word written report.
You should submit your dataset
and program
with report
for evaluation
.
1.
Test for
Risk Premia in Foreign Exchange
Markets
:
FT.com (UK) reports spot and forward
exchange rate of other currencies aga
inst
Sterling.
You can download these data from FT.com data archive:
http://markets.ft.com/RESEARCH/Markets/Data
-
Archive
.
Choose one out of 35 currencies (SDR not included)
for your a
nalysis.
1
Use the
data of last date for each month as monthly data, collect spot rate
(denoted as
S
t
)
,
1
-
month forward rate
(denoted as
F
t
)
,
and
3
-
month forward r
ate
(denoted as
3
t
F
)
from
January 2000 to December 2013
.
Make use of t
he STATA programs on the
blackboard to prepare a
nswer
for
the following questions:
a)
Produce a graph of the £/
c exchange rate, where c denotes the currency you
have chosen
.
Provide your comments on the graph. Any abnormal observation
s
(outlier
s
)?
Double che
ck with the FT.com data archive to make sure these
abnormal observations are not due to the errors you made during the data
collection process.
If they are not error inputs, are there any unexpected events
(news) associated with these observations?
b)
Produ
ce a graph for monthly forward discount
()
tt
sf
-
and provide your
comments
, where
s
t
=
l
n
(
S
t
)
and
f
t
=
l
n
(
F
t
)
.
c)
Produce a summary statistics table for the variables in your dataset.
d)
Download
STATA program
‘ex_risk_premia.do’
from blackboard. Modify the
program to run the following regression
s
:
1
If you
would like to work on this question
, you should
sign up for
the currency you would like to
choose
by 28
th
Feb
2014
. Each currency can only be chosen by
at most 3 students.
Sign up
sheet for
this
question
will
be available
at the reception of Business and Law building
from 24
th
Feb
2014
by
following ‘
fist
-
come, first
-
served
’ principle.
Archive
.
Choose one out of 35 currencies (SDR not included)
for your a
nalysis.
1
Use the
data of last date for each month as monthly data, collect spot rate
(denoted as
S
t
)
,
1
-
month forward rate
(denoted as
F
t
)
,
and
3
-
month forward r
ate
(denoted as
3
t
F
)
from
January 2000 to December 2013
.
Make use of t
he STATA programs on the
blackboard to prepare a
nswer
for
the following questions:
a)
Produce a graph of the £/
c exchange rate, where c denotes the currency you
have chosen
.
Provide your comments on the graph. Any abnormal observation
s
(outlier
s
)?
Double che
ck with the FT.com data archive to make sure these
abnormal observations are not due to the errors you made during the data
collection process.
If they are not error inputs, are there any unexpected events
(news) associated with these observations?
b)
Produ
ce a graph for monthly forward discount
()
tt
sf
-
and provide your
comments
, where
s
t
=
l
n
(
S
t
)
and
f
t
=
l
n
(
F
t
)
.
c)
Produce a summary statistics table for the variables in your dataset.
d)
Download
STATA program
‘ex_risk_premia.do’
from blackboard. Modify the
program to run the following regression
s
:
1
If you
would like to work on this question
, you should
sign up for
the currency you would like to
choose
by 28
th
Feb
2014
. Each currency can only be chosen by
at most 3 students.
Sign up
sheet for
this
question
will
be available
at the reception of Business and Law building
from 24
th
Feb
2014
by
following ‘
fist
-
come, first
-
served
’ principle.
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