Assignment 1
Negative interest rates and impact on currency valuation in Eurozone and US
In recent years, a few major economies and regions, such as Japan, the Eurozone, and a range of other countries, have adopted the historically unconventional monetary policy move of introducing negative interest rates. This assignment requires that you investigate the impact of the Eurozone’s negative interest rates on its currency’s value and develop an essay in which you present your argument and conclusions. In this essay you need to explain why any noticeable volatility in the currency’s exchange rate against the US dollar occurred giving adequate reference to the knowledge learnt from the course. You need to cite appropriate references from academic journals, government announcements, newspapers, institutional reports, etc., to support your argument.
This assignment is an individual/group (1-3 people) assessment. Please pay attention to the format of the essay and relevant Academic Integrity requirements.
Instructions:
The essay should not exceed 3000 words. Appropriate tables and/or graphs used in the main body of the essay and its Appendix are not included in the word count limit.
You should use appropriate in-text citations and references. The required presentation format is Times New Roman, 12-point font size, with text double-spaced. Clearly indicate your word count at the end of your essay.
Your electronic submission will be used for a plagiarism check. You are not allowed to simply copy from other sources or other people. If you do so, your case will be forwarded to the Academic Integrity Office for investigation. Further penalties may apply.
An electronic copy in word.doc (rather than pdf) format with a ‘cover sheet’ attached at the front should be submitted via the ‘Learnonline’ facility by the due date.
The full name and student ID number is required to be clearly included in the attached ‘cover sheet’.
A standard late submission penalty of 10% of the total marks available applies for each day or part day by which the submission is late. The only exception to this is if you are granted an extension prior to the due date by your Course Coordinator, for legitimate reasons based on supporting documents. More details about submission can be found in the Course Outline under the section of ‘Further Assessment Information’.