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Greece Economy - Essay Example

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Greece Economy

World wars and other local wars highly affect a market and it gives a bad impact on currency and bond of country. They badly affect on asset pricing. During Second World War it has been observed that bond prices of Australia, Japan and United States were badly affected. Other historical events also have a great significance on bonds and other assets. Important events urging U.S civil war has also showed a great impact on bond pricing and asset pricing. Wars highly affect markets and capitals as a result of which bond pricing and assets pricing faces downfall. The New York central exchange is one of the largest bond markets in world and its number of traded issues increased from 1000 to 6000. Currency has a great significance in country's economy. In past few years U.S dollar has faced lots of rise and downfall, same its rise and downfall highly affects U.S economy. Every currency's value and its related factors have direct impact on country's economy. In the past few years, U.S dollar has been declining and facing troubles in international market with which U.S current account deficit has expanded. U.S. dollar declining and current deficit are linked together tightly. Internal and external environment highly affect on country's currency. Same in case of U.S. dollar in past few years U.S economy and U.S political issues highly affected its currency, that is the only reason U.S dollar is facing number of problems about rates in international market. Deficits only exist if a currency moves above its real exchange rate and such deficit can be removed by real depreciation. Short fall, high returns and other deficit affected a lot on U.S dollar and its rates. These are the basic facts by which U.S dollar has faced a mark able decline in past few years. All above mentioned factors have influenced dollar rate in past few years. All over, the recent and current situation U.S economy has influenced a lot in U.S economy and U.S deficit in past few years. Dollar is an official currency in several parts of world. Dollar also refers as "smaller unit, seneiti, equates to "cent". In number of countries dollar is used as official currency for inner and outer money transaction.
In finance, yield curve is a relationship between currency rates and its maturity dates. Treasury securities are closely concerned with yield curves and it is usually plotted on graphs. The curve is commonly known as "the yield curve". Term structure of interest rates" There are three types of yield curves: normal yield curve, steep yield curve, flat or hampered yield curve, inverted yield curve. There are number of theories for yield curve some of them are as follows: Market expectations (pure expectations) hypothesis,
Liquidity preference theory, Market segmentation theory, preferred habitat theory.

Chosen Currency: Dollar.

U.S dollar in an official currency of United States of America, it is generally donated as "$". It is divided in 100 cents. Below is a yield curve of U.S dollar according to rates and date.

Fig: 1.

Yield Curve is closely related to economic situations and it also helps a lot in obtaining future economic rates and market activities. This interest line helps a lot in examining the interest rates according to recent currency value and according to its maturity date. The yield curve is specially deigned keeping in mind the needs and current requirements. Yield curve shows current currency decline or rise in ...Show more


Project 2: For a currency of your choice and a date that you select, plot the Treasury yield curve and comment on its shape. Assess with an example as to whether (synthesized) forward rates can be useful in predicting future spot rates
Finance has a great significance in every country's development and progress…
Author : estrella63
Greece Economy essay example
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