Discussion 3 International finance
Listen to the narrated PowerPoint for the Chapter 3 Mini-Case: Global Remittances
. This case discusses the classification of global remittance payment flows, the fees associated with sending theses payments, and the importance of global remittances to emerging economies.
P
lease provide at least 1 (one) well- written and well-reasoned answer to the following discussion questions
Follow the guidelines in the rubric.
Discussion Questions:
- Where are remittances across borders included within the balance of payments? Are they current or financial account components?
- Under what conditions-for example, for which countries currently-are remittances significant contributors to the economy and overall balance of payments?
- Why is the cost of remittances the subject of such intense international scrutiny?
- What potential do new digital currencies-cryptocurrencies like Bitcoin-have for cross-border remittances?
Submission Instructions:
All responses in this discussion forum must be professional, well-reasoned, well-written, and free from profanity. This discussion assignment should reflect the fact that this is a written product for a graduate professional program. All responses should be professional, and if you disagree with a submission, keep it professional. Make any criticisms constructive. If ideas are not your own, please reference them with the appropriate internet link or written resource link. Although I do not wish to restrict discussion, I reserve the right to fail and delete any discussion contribution that does not show proper respect for any international culture and ethnicity and/or is obscene in nature.