Discussion: International Finance
Listen to the narrated PowerPoint for the 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.
Provide at least one well- written and well-reasoned answer to the following discussion questions
Follow the guidelines in the rubric.
Discussion Questions:
1. Where are remittances across borders included within the balance of payments? Are they current or financial account components?
2. Under what conditions-for example, for which countries currently-are remittances significant contributors to the economy and overall balance of payments?
3. Why is the cost of remittances the subject of such intense international scrutiny?
4. What potential do new digital currencies-cryptocurrencies like Bitcoin-have for cross-border remittances?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.