Investment Management
Answer all questions, each must be around 450 words each. Use necessary theory and academic justification for your answers.
Question 1 Since the global markets crisis of 2007/2008 Governments around the world have considered introducing transaction charges to financial markets to “build up” a reserve fund. On 10th September 2013 the following appeared on several sites
“Imposing a financial transaction tax (FTT) in 11 European Union member states would be illegal, according to the bloc’s lawyers.
The controversial tax aims to discourage risk-taking by taxing transactions of shares, currencies and bonds.
The 14-page legal opinion concludes the move would exceed member states’ tax powers.
It adds that the measure is also incompatible with the EU treaty.
The FTT, also known as the Robin Hood tax and Tobin tax, is set to be adopted by 11 EU states, but not by the UK.”
Critically evaluate the use of FTT within financial markets
Question 2 The investment world of the 20th Century was predominantly a story spun around a New York / London Axis with Tokyo rising to equal importance in the latter part.
Is a change in this hegemony irrefutable, irrevocable and beneficial or will the old players survive the coming decade?
Justify your answer with appropriate reference to theory.
Question 3 In the light of the recent spate of Misselling, poor corporate governance, and bonus scandals can we ever argue that the field of Finance, including markets and market participants is honest and fair? Does the move towards greater regulation internationally hold greater promise for the future?
ScholarMatic: Explanation & Answer
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