International Finance & Investment: Assignment
14 Pages2311 Words211 Views
Added on 2020-12-31
International Finance & Investment: Assignment
Added on 2020-12-31
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INTERNATIONALFINANCE & INVESTMENT
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................11. Norway model and their effect................................................................................................12 Brexit decision in 2016............................................................................................................5CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONInternational finance is par of economics that studies the impulsive of exchange rates,foreign investments and know how to affect international trade (Antras and Foley, 2015) . It isimportant for every organisation and investment purpose because it provides many option suchas international projects, international investments, capital flow and trade deficits. In the reportfocused on the Brexit. In the context of Brexit provide detailed information that how it wasaffected to exchange rate, inflation rate and GDP of different countries specially UK. MAIN BODY1. Norway model and their effectThe UK's exit from the EU marks a step change in the country's economic relationshipwith the bloc. The UK will be moving away from close integration and co-operation with itsnearest neighbours, but potentially reopening the opportunity to negotiate trade deals directlywith non- EU countries. Norway has been floated as a possible plan B for Brexit because of thelevel of opposition in the UK parliament to the draft agreement signed off by the EU and UK. Itis being considered because Norway's relationship related to European union without actuallybeing a member. There are comparing Britain and Norway's relationship in reference toEuropean union. The relations in between Norway and the UK are closely related to twocountries' participation in European political and economic cooperation. Though not a memberof EU, Norway purses an active European policy with the help of the European economic Area(EEA) and the schengen cooperation (Bachmann and Hens, 2015). (a) Norway related to Lichtenstein and Iceland a member of the European economic area(EEA) and the European free trade association (EFTA) which can provide it full access to thesingle market in reference to EU and guaranteeing very limited restrictions to trade with the EU.As per the chart it is defined that UK and EU have strong relation in trading at the time of Brexitbecause they can import things from European countries. Most of the trading business have donefrom Germany (65761 million) after than Netherlands (36194 million). Before Brexit Britain andEu have good relation and they are export and import things from each other. 1
Norway has been related to EU as well as Britain and it has been interval as a possible ofplan B for Brexit due to level of resistance in the UK parliament to the draft agreement signedoff by the EU and UK. Without being a member EU can get close relationship with Norway. Astrading relation they are also close and follow their template. It can provide help in existing offthe shelf model and soft Brexit can use to read out and try to avoid all issues altered to disorderly(Hein, 2013) . The UK parliament votes get down the draft divorce deal. As per the intention ofmoves so it could be provide direction in flagged in the political declaration by the UK and theEU and as per the document there are marking on the both sides in relation to potentialrelationship. Norway has large industries of agricultural and fishing and they have own policyregarding to them and remaining far of EU's common fisheries policy or common agriculturalpolicy. A similar arrangements for the UK would appeal in London and set their own policy ontheir essential sectors. Norway can negotiate trade deals with other countries in referent to allover world and it would appeal regarding to pro Brexit supporters. They are agreed for the EFTAcountries and a Norway type agreement would mean that the UK can not be ruled over by theEuropean court of justice, another red line issues of Brexiteers. Before the Brexit it can be shownimpact on monetary policy responsible for implemented of monetary policy and Norway has set2
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