Question

17. What is international capital market? Who are the players and what is their role in globalisation?

18. What is offshore banking? How do they contribute to globalization?

19. How can government safeguard against domestic financial instability? What are the difficulties in doing so in international banking?

20. Using two-country model show that as long as there are technological differences between countries, labor mobility is beneficial for the world. Decompose the benefits to immigrants’ host country and to the immigrants. What drives net benefits in this model?

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Answer 1

Answer:- The International Capital Market Association or ICMA is a self-regulatory organization and trade association for participants in the capital markets. Despite the name suggesting a global outlook, it has a European focus.
Capital flows refer to the movement of money for the purpose of investment, trade or business production, including the flow of capital within corporations in the form of investment capital, capital spending on operations and research and development (R&D).
In the primary market, there are four key players: corporations, institutions, investment banks, and public accounting firms. In secondary market there are buyers and sellers Investment Bank.
B)- An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. These advantages typically include:
-Greater privacy.
-Low or no taxation (i.e. Tax havens).
-Easy access to deposits (at least in terms of regulation).  
-Protection against local, political, or financial instability.
C) 1. Pradhan Mantri Jan Dhan Yojna (PMJDY)
PMJDY is a National Mission for Financial Inclusion, particularly to provide access to financial services such as savings and deposit accounts, remittance, credit, insurance, pension, etc. at affordable rates. The scheme was announced on the eve of Independence Day, in 2014 by Prime Minister Narendra Modi.
2. Sukanya Samriddhi Yojna (SSY)
Narendra Modi launched the Sukanya Samridhi scheme, under the ‘Beti Bacho, Beti Padhao’ campaign on 22nd January 2015. The aim of this scheme is to meet the education and marriage expenses of a girl child.
Rajiv Gandhi Jeevandayee Arogya Yojana
Launched as a pilot project in 2012, this scheme is a universal health scheme for the economically backward in Maharashtra. Anyone holding one of the four cards issued by the Maharashtra government- Antyodaya card, Annapurna card, yellow ration card or orange ration card is eligible for this.

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