Paper Summary:

This paper discusses international finance in the United States. It first defines international finance in general, what motivates it in terms of trade and capital formation, and gives a history of international finance. It then examines the financial status of the United States and the balance of international payments. It looks at exchange rate risks, current issues influencing trade and financial status, the banking sector, and stock and bond markets. In conclusion, the writer presents their opinion of the United States with regards to the premise that the USA is the most powerful economy in the world.
The paper contains one table.

From the Paper:

"International finance is not a new concept; it existed from way back in the 19th century (Scheja, 2011). Things were much harder then as the markets had no international institutions that regulated the capital market. Attempts to design an international trade and monetary system finally started to fall into place in the 20th century after the Second World War though they were still not comprehensive and had a lot of hurdles at the time. This is mostly because the pioneers of this had no experience in international trade, but this has continually been improved over the years. This paper is going to discuss the history of international finance in the United States, and the major themes that surround it such as the country's exchange rates, organization of the domestic financial system and international capital flow, and the major issues affecting their financial activity at the present time."

Sample of Sources Used:

• Banking Systems of USA. (2006). Retrieved from http://omninetbank.com/BANKINGSYSTEMS.pdf
• Best Calculator. (2011). Retrieved from http://www.bestcalculator.org/finance/currencyconverter.php?amount=1.00&fom=USD&to=MXN
• Difference between Stocks and Bonds. (2010). Retrieved from http://www.stocktrader.org.uk/difference-between-stocks-and-bonds.html
• Flandreau, M. (2004). International Financial History. Retrieved from http://www.cambridge.org/gb/knowledge/isbn/item1109132/?site_locale=en_GB
• International Finance. (2011). Retrieved from http://www.infoplease.com/cig/economics/effect-imports-exports-gdp.html

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