International finance Essay Example | Topics and Well Written Essays - 1500 words - 4

International finance - Essay Example On the other hand, appreciation of the domestic currency refers to increase in exchange rate brought about by forces of the market in the price of domestic currency in terms of a foreign currency. The need for foreign country’s currency in order to buy goods denominated in a foreign currency is reflected by demand for the foreign currency. In most cases, the selling country denominates its goods and services in terms of domestic currency hence importers from other countries will feel the need for the foreign currency in order to conduct the financial transaction. Foreign currency is supplied into the country when foreign currency is sold in order to carry out financial transactions that are denominated in home currency. It is the demand for and supply of a currency which yields an equilibrium position in the foreign exchange market. The equilibrium point being the point where there is an intersection between the upward sloping supply curve and the downward sloping demand curve (Koller, Goedhart and Wessels, 2010). A low value of foreign currency makes the demand for foreign currency on the foreign exchange market to increase whereas the demand for foreign goods increase due to its relatively cheaper price than domestic goods. On the other hand, a high value of foreign currency makes the demand for foreign currency on the foreign exchange market to decrease whereas the demand for foreign goods increase due to its relatively higher price than domestic goods (Needles, Powers and Crosson, 2010). Therefore, the question that arises is the cause of exchange rate revaluation and whether the depreciation or appreciation of an exchange rate can be predicted. This paper will rightly answer this questions by using a thorough discussion on the determination of exchange rate using the flexible price monetary model. The discussion will further explore the ability or inability of the model to explain the observed movements in foreign

Hariharan N The Musical Genius Essay Example | Topics and Well Written Essays - 1250 words

Hariharan N The Musical Genius - Essay Example This gave way to many concerts, television performance and even TV serial such as â€Å"Junoon†. In 1994, he received the Best Album of the Year Award for the song Abshaar-e-Ghazal. In 1998, he was awarded as the â€Å"Best Male Playback Singer† by the Tamil Nadu State Government Film Awards for his song â€Å"Mere dushman mere bhai†. All of the awards however were nothing compared to the milestone that he achieved in the year 1996, the time when his fusion album ( Indian-English ) â€Å" Colonial Cousins† made him a celebrity. It was a collaboration between Bombay-based composer/singer Leslie Lewis and him. It was popular due to the fact that it : "Colonial Cousins" became the first Indian act to be featured on MTV Unplugged and also won the pair a string of national and international awards, including the MTV Indian Viewers Choice award and US Billboards award†( Hariharan mysticamusic.com ) The popular album showcased Harahan’s musical prowess as a co-writer , musical scorer and artist. This is a hard combination to beat even amongst young artists of today where singing is the only forte one has. What was outstanding about Harihan is that he was able to â€Å" scale the song Hamsathwani raga in three octaves, hitting the lowest and highest notes with equal facility. His other songs like â€Å"Feel Alright â€Å" is a perfect example of fusion wherein he was able to sing the English lyrics yet in typical Indian folk style.