Students must select and analyse a specific historical market event. A description of the event is required, with justification offered as to why this event is considered worthy of study. The event’s...

1 answer below »

Students must select and analyse a specific historical market event. A description of the event is required, with justification offered as to why this event is considered worthy of study. The event’s impact on financial markets as well as financial institutions must also be outlined. The student is expected to apply appropriate concepts and/or theories introduced in the module and provide supporting financial market data. The validity and reliability of the data are to be considered in the analysis.


The specific historical market event will be on 1997 Asian Financial Crisis.




Module Title: Global Financial Markets and Institutions (Semester 2, 2018/2019) Module Code: 6FNCE003W Host School of the module: Accounting and Finance Submission Date: Wednesday 08th April 2019 by 13:00 (1 p.m.) UK time Coursework Title: Analysis of Market Event Coursework Description: Students must select and analyse a specific historical market event. A description of the event is required, with justification offered as to why this event is considered worthy of study. The event’s impact on financial markets as well as financial institutions must also be outlined. The student is expected to apply appropriate concepts and/or theories introduced in the module and provide supporting financial market data. The validity and reliability of the data are to be considered in the analysis. Coursework Criteria: Assessment criterion – assignment Weighting Clear selection, description and justification of historical event - 20% Application of relevant concepts and theories addressed in module -20% Evaluation of reliability and validity of source material and data -20% Capacity to present ideas and arguments in a coherent and structured form - 10% Sound knowledge and understanding of relevant facts and concepts -10% Critical analysis- 20% Coursework Presentation: • An electronic copy of your assignment should be submitted in Word or PDF format via the module Blackboard site. • The assignment should be properly labelled with your last name and student ID (For example, JONES 12345678) • The coursework should have a cover page, which includes the Module title and code, student name, student ID, and word count. • The coursework must not be longer than 1,500 words (excluding reference list and cover page) • Use font size 12 Arial and 1.5 line spacing. • Upon submission, the assignment will be checked via Turnitin for plagiarism. Eligibility of students for an ‘alternative assessment’: No alternative assignment is offered for this module. Referencing requirements for assignments Statements, assertions and ideas made in coursework should be supported by citing relevant sources. Sources cited in the text should be listed at the end of the assignment in a reference list. Any material that you read but do not cite in the report should go into a separate bibliography. All referencing should be in Westminster Harvard format. If you are not sure about this, the library provides guidance (available via the library website pages). The pass mark for the module is 40%. To pass overall, the minimum mark for each assessment is 30%. (If your mark for an assessment is under 30%, you will be required to complete a referral assessment and your mark for that will be capped at 40%). Unless explicitly indicated otherwise all coursework must be submitted electronically via Blackboard. In addition to the detail given below, further information may be posted onto the Blackboard site for the module. Difficulties in submitting assignments on time If you have difficulties for reasons beyond your control (e.g. serious illness, family problems etc.) that prevent you from submitting the assignment, make sure you apply to the Mitigating Circumstances board with evidence to support your claim as soon as possible. The WBS Registry or your personal tutor can advise on this. Submitting your coursework – checks You must include your name, student ID and word count on the first page of your assignment. Unless indicated otherwise, coursework is submitted via Blackboard. On the Blackboard home page for the module you will find a button on the menu called ‘Submit Coursework’. Clicking this will take you to the submission link. At busy times the coursework submission process may run slowly. To ensure that your submission is not recorded as a late submission, avoid submitting very close to the deadline. To submit your assignment: 1. Log on to Blackboard at http://learning.westminster.ac.uk; 2. Go to the Blackboard site for this module; 3. Click on the ‘Submit Coursework’ link in the navigation menu on the left-hand side 4. Click on the link for the assignment; 5. Follow the instructions. REMEMBER: It is a requirement that you submit your work in this way. All coursework must be submitted by 13.00 (1.00 p.m.) UK time on the due date. If you submit your coursework late but within 24 hours or one ‘working’ day of the specified deadline, 10% of the overall marks available for that assessment will be deducted as a penalty for late submission, except for work which is marked in the range 40 – 49%, in which case the mark will be capped at the pass mark (40%). If you submit your coursework more than 24 hours or more than one ‘working’ day after the specified deadline you will be given a mark of zero for the work in question. The University’s mitigating circumstances procedures relating to the non-submission or late submission of coursework apply to all coursework. If you are unclear about this, speak to your class leader or module leader. Academic integrity What you submit for assessment must be your own current work. It will automatically be scanned through a text matching system to check for possible plagiarism. Do not reuse material from other assessments that you may have completed on other modules. Collusion with other students (except when working in groups), recycling previous assignments (unless this is explicitly allowed by the module leader) and/or plagiarism (copying) of other sources all are offences and are dealt with accordingly. If you are not sure about this, then speak to your module leader. University of Westminster Quality & Standards statement: Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however innocently, will be penalised. It is your responsibility to ensure that you understand correct referencing practices. As a University level student, you are expected to use appropriate references and keep carefully detailed notes of all your sources of material, including any material downloaded from the www. Plagiarism is defined as submission for assessment of material (written, visual or oral) originally produced by another person or persons, without acknowledgement, in such a way that the work could be assumed to be your own. Plagiarism may involve the unattributed use of another person’s work, ideas, opinions, theory, facts, statistics, graphs, models, paintings, performance, computer code, drawings, quotations of another person’s actual spoken or written words, or paraphrases of another person’s spoken or written words. Plagiarism covers both direct copying and copying or paraphrasing with only minor adjustments: • A direct quotation from a text must be indicated by the use of quotation marks (or an indented paragraph in italics for a substantive section) and the source of the quote (title, author, page number and date of publication) provided; • A paraphrased summary must be indicated by attribution of the author, date and source of the material including page numbers for the section(s) which have been summarised.
Answered Same DayFeb 14, 2021

Answer To: Students must select and analyse a specific historical market event. A description of the event is...

Soumi answered on Feb 16 2021
148 Votes
GLOBAL FINANCIAL MARKETS AND INSTITUTIONS (SEMESTER 2, 2018/2019)
CODE: 6FNCE003W
STUDENT NAME: Derick Gan
STUDENT ID: w1592755
WORD COUNT: 1632
COURSEWORK TITLE: ANALYSIS OF MARKET EVENT
ASSIGNMENT TITLE: 1997 ASIAN FINANCIAL CRISIS
Table of Contents
Introduction    3
Justification for Choosing the Event    3
Factors behind the Asian Financial Crisis 1997    3

Impact of the Event    5
Conclusion    7
References    8
Introduction
The macroeconomic crisis experienced in Asia during mid-1997 caused a rapid devaluation in currencies and capital outflows. Started from Thailand, such spillover effect were so extensive that other financial market and institution particularly from Southeast Asia regions bore most of the brunt. With other parts of Asia briefly affected, it subsequently pressured the global economy. To scale down the possibility of this negative domino effect from occurring in the future, various risk management practices will be considered within this context.
Justification for Choosing the Event
The Asian Financial Crisis was one such event that had an impact on a large number of countries. Irrespective of the origin point of crisis, the event negatively affects stock market, financial market and institutions. According to the views of Mishkin and Eakins (2015), the event is a classic example of poor strategic financial planning on the part of corporate and government. Boom and bust in Asia as well as lack of incentives for risk management led to crisis. A comprehensive study of such an event enables in understanding the financial market in an effective way. In addition, the role of financial institution in such a scenario also becomes clear. Readers can also related the importance of components of economy and the relation between such parts.
Factors behind the Asian Financial Crisis 1997
Consistent Current Account Deficit: The current Account Deficit of Thailand and few South Asian countries was high, which led to huge borrowing from foreign institution to meet the payment obligations. At the time of devaluation of currency, the affected countries were unable to manage the widening gap. Apart from these, there was also the impact of the external vulnerabilities because the crisis was preceded by a significant increase in the capital flows to the region. In the early 1990s, there was a significant increase in the short-term lending by both the commercial banks and the firms in the region. The lending was directed towards non-financial private firms. It was perceived that the transaction would be profitable. However, excessive lending led to more capital flow in the economy at high risk. According to Almeida, Kim and Kim (2015), there was a clear misjudgement of the risk between the borrower and the lender. It was mainly seen in the Southeast Asian countries such as Malaysia, Korea, Thailand, Hong Kong, Philippines and Indonesia.
Huge Debt from Foreign Institutions: The policies were ineffective in checking the checking the excessive build-up of risks and fragility of the financial sector. However, the change in the value of foreign currencies can take place irrespective of the health of financial system. The private organisation had raised huge debt from financial institution, especially that of United States. As per the views of D’Souza (2016), the low rate of interest ignited the urge among the private entrepreneurs to borrow from such institutions. In addition to that, pegging up of the domestic currency against the U.S dollar ensured that the borrowed amount in domestic currency remained fixed. As per the perspective of Xue and Taylor (2018), few private firms were...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here