Accounting homework help
Accounting homework help. The effects of exchange rate volatility on imports and exports of a developing country.
1000 words proposal
The comment my supervisor did :
Interesting.
- Data should be easy to find.
- Presumably the main idea is that volatility makes it hard to plan and the harder it is to plan the less trade there will be and (therefore) the lower the level of economic development and welfare. You are just testing to see whether that is true.
- You need to consider the other factors that determine imports and exports so that you can exclude their effect and isolate the influence of volatility.
- What have other people done?
- More readings
I think that there are a number of things that you will find in your literature review.
- Some countries have fixed rates (this means no volatility), some have managed rates (like China so that volatility is deliberately reduced) and some allow them to fluctuate (US and UK and EUR). Are you going to include all of these?
- Do you use bilateral (one country to one country) or multilateral exchange rates (one country to many). I would suggest the second (multilateral exchange rates (one country to many), as this removes your need to make a decision about which rate to use. For example, if you look at the UK, do we measure volatility against the EUR (where most of the trade is) or against the US dollar? Trade-weighted indices will weight the exchange rates against a range of countries according to the importance of traded (if 50% of the trade is with the US, the US get 50% weight). The Bank of England have some TWI. The IMF and World Bank may also.
- Developed or developing or both.
Find the research questions that you will be answering in the dissertation ?
The structure of the proposal is the same as the dissertation itself (though some parts cannot be completed until the end). The structure of the proposal is very strict and immovable.
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- An introduction. This will explain why the topic is important. This must present the big academic or policy question and the debate about that question. You should include the research question that you have identified and you should try to break this into aims and objectives. The aims are the supplementary question that provide answers to your main question while the objectives are the ways that you address these aims.
- Literature review. This will provide an overview of the topic. What do we already know? What is controversial? Hopefully, there is some controversy or something that is debated. If there is no doubt, it may not be interesting. The literature review will identify the areas of contention. Lots of theories that are supporting and against .You should know the key areas of contention for the proposal but you will build the literature review for the final dissertation as you read more about the topic. You are not expected to know everything at the beginning.
- The methods are the way that you answer the question. What experiment will you carry out? What data will you use. This is key. If the methods are clear you can just proceed with them to complete the dissertation. It is likely that some problems arise as you start the research. The way that you deal with these problems will be added to the final version of the methods for the dissertation.
Linear regression will tell you the relationship between two variables. That is often gong to be very useful.
If you are going to use linear regression, make it very clear what you are doing and why you are doing use a diagram to show the relationship between the variables .
- Obviously, you cannot complete this for the proposal as you do not have the results yet.
- Cannot be completed for the proposal.