With the flourishing economy in Belarus, many foreign workers from India work there. It is a good business for remittance services whereas banks in Belarus transfer money to India. Unfortunately, the remittance industry is a new industry for Belarus banks. Looking at this opportunity, Germany’s Deutsche Bank AG plans to open a foreign branch in Belarus. Deutsche Bank AG plans to target the remittance market, especially, with the condensed remittance market in Germany. Discuss what are the three possible reasons for Germany’s Deutsche Bank AG to open a foreign branch in Belarus?

With the flourishing economy in Belarus, many foreign workers from India work there. It is a good business for remittance services whereas banks in Belarus transfer money to India. Unfortunately, the remittance industry is a new industry for Belarus banks. Looking at this opportunity, Germany’s Deutsche Bank AG plans to open a foreign branch in Belarus. Deutsche Bank AG plans to target the remittance market, especially, with the condensed remittance market in Germany. Discuss what are the three possible reasons for Germany’s Deutsche Bank AG to open a foreign branch in Belarus?

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter19: The International Monetary System: Order Or Disorder

Section: Chapter Questions

Problem 4TY

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