Financial Services Report Essay -- essays research papers

Financial Services Industry Report In order to succeed in the global market, it is imperative to know the various global financial institutions and the sources of funds for international operations. This paper will identify the role of financial institutions in the global economy and explore changes this industry will be experiencing during the next decade. In addition, this paper will demonstrate the impact these changes will have on Campbell Soup Company. Financial institutions have the ability to serve as agents for its clients providing financial services. These services include, but are not limited to the facilitation of money, such as credit; investments-related services; stock exchange; and any other accounting or finance services. The global financial system (GFS) refers to those financial institutions and regulations that act on the international level, as opposed to those that act on a national or regional level (Global financial system, 2005, p1). The International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank are considered to be the most important international institutions. The Internal Monetary Fund acts as a lender of last resort to governments in financial distress, e.g. balance of payments crisis, currency crisis and debt default. Decisions are based on quotas, or the amount of money a country provides to the fund (IMF at a glance, 2005, p1). The World Bank aims to provide funding, take up credit risk or offer favorable terms to development projects mostly in developing countries that could not be obtained by the private sector (What is the World Bank, 2005, p1). The only global international organization that deals with the regulations of trade between nations and settles trade disputes and negotiates international trade agreements is the World Trade Organization (What is the WTO, 2005, p1). An important area of international finance is the financing international trade and investments. This area must be understood in order to raise funds at the lowest cost possible. There are some organizations that deal with international trade and have access to both the domestic and foreign capital markets. For example, the Eximbank (Export-Import Bank) finances exports from the United States to foreign countries. It facilitates the financing of U.S. exports through landing money to foreign purchasers of U.S. goods and... ...ed the importance of global financial institutions, and as globalization proceeds, the magnitude of this industry is expected to grow. References Basic facts about IFC. 2005. Retrieved on April 2, 2005 from (http://www.ifc.org). Campbell Soup Company 2004 Annual Report. Eurobond Online. Retrieved April 2, 2005 from www.eurobondonline.com/euro.htm Eximbank Mission. 2005. Retrieved on April 2, 2005 from (www.exim.gov). Financial Services Fact Sheet. (2004). Hoover’s Database. Retrieved April 2, 2005 from University of Phoenix Online Library. Financial Services Trends and Market Analysis (2004). Plunkett Research Online Database. Retrieved April 2, 2005 from University of Phoenix Online Library. Global Financial Systems. 2005. Retrieved on April 2, 2005 from (http://encyclopedia.laborlawtalk.com/Global_financial_system International Finance Corporation Online. Retrieved April 2, 2005 from http://www.ifc.org IMF at a glance. 2005 Retrieved on April 2, 2005 from (http://www.imf.org/external/np/exr/facts/glance.htm). What is the World Bank. 2005. Retrieved on April 2, 2005 from (http://www.worldbank.org). What is the WTO? 2005. Retrieved on April 2, 2005 from (http://www.wto.org).