Buy essay on International banking

International business and international economic relations describe economic relations between states, regional groups, transnational corporations and other entities of the world economy. Includes monetary and financial, trade, production, employment and other relationships. The leading form of international economic relations is the monetary relations. In today’s world especially relevant is the globalization and regionalization of international economic relations. Dominant role in world economic order belongs to transnational capital and international institutions, among which an important role belongs to the World Bank and International Monetary Fund. As a result of the international division of labor formed the world’s poles of economic and technological development (North American, Western European and Asia-Pacific). Among the urgent problems of international economic relations, the challenge of creating free economic zones, international transport corridors and the Internet economy.
International banking – the system of methods and approaches to the organization and management of banking operations, which are carried out in the international economic and legal environment. This describes the management of international banking transactions. Banks that carry out international operations are its subjects. Among transnational corporations there can arise currency risks, because there is never complete certainty that the projected grounds of forecasted foreign exchange rates will be established in reality. Currency risk – is primarily the risk of currency fluctuations, unforeseen in the economic plans of the company. Transnational corporations’ currency risks are of three types: in consolidation financial statements, in transactions, the implementation of economic operations.
Forms of international business:
-international specialization of production and scientific-technical works;
-exchange of scientific and technical results;
-international co-operation of production;
-international trade;
-information, monetary and credit relations between countries;
-movement of capital and labor;
-activities of international economic organizations, economic cooperation in solving global problems.
Because International Economic Relations is based on the international division of labor, the value and the ratio of the basic forms and directions International Economic Relations is defined in steps of The international division of labor and the transition to its highest types. In this regard, it should be noted as follows: The general type of the international division of labor determines the cross-sectoral international exchange, particularly in goods producing and manufacturing sectors of individual countries. Private division of labor leads to the development and dominance of international trade in manufactures of various sectors and industries, including intra-industry. Finally, a single type of the international division of labor means specialization in various stages of production (units, parts, semi-finished products, etc.) and stages of the cycle (redivisions), as well as in scientific, technical, engineering and technology development, and even the investment process. Thus created the prerequisites for accelerated growth capacity of the international market, the sustainable expansion of International Economic Relations.