International Banking
Which global messaging network lets banks exchange payment instructions but is not a bank itself?
SWIFT
Which institution sets monetary policy for the Eurozone, so France can’t raise rates alone?
European Central Bank (ECB)
Which investment bank’s bankruptcy in September 2008 turned the US housing crisis into a global one?
Lehman Brothers
How much was global debt in 2023?
$313 trillion
Managing over $1.7 trillion in assets, which nation owns the largest sovereign wealth fund in the world, funded almost entirely by its state oil revenues?
Norway (Government Pension Fund Global)
What type of bank links an Uzbek bank and a German bank when they have no direct relationship?
Correspondent bank
In what year was the European Monetary System established?
1979
Which currency did Thailand float in July 1997, starting the Asian financial crisis?
The baht
What is the term for the agreed repayment period of a loan?
Maturity
What three-letter symbol represents the precious metal central banks hold as a core reserve asset, long viewed as the ultimate safe haven?
XAU (Gold)
What is the name of the account a foreign bank holds with our bank, meaning “your account with us”?
Vostro account
What is a US dollar deposit held in a London bank called?
Eurodollar
The Panic of 1907 led to the creation of which institution in 1913?
The Federal Reserve System
Which sector holds the largest share of global debt, at 34%?
Governments
During the 2008 Financial Crisis, which investor and fund manager gained fame by betting heavily against the US subprime mortgage market, later portrayed in The Big Short?
Michael Burry (or John Paulson)
Ecuador uses the US dollar and Montenegro uses the euro. What kind of autonomy do they lose?
Monetary policy autonomy
Which country’s banking crisis, after its housing bubble burst, sharply raised its public debt?
Ireland
What principle says a country cannot fix its exchange rate, allow free capital flows and have independent monetary policy all at once?
The impossible trinity
Name one of the three countries the lecture gives as politically independent but financially dependent on foreign creditors.
Argentina, Sri Lanka and Ukraine
What is the name of the investor who "broke the Bank of England" on Black Wednesday in 1992 by shorting the British Pound?
George Soros
What compliance step checks customers and transactions against official lists before a payment is processed?
Sanctions screening
Which two countries left the Exchange Rate Mechanism after crisis?
United Kingdom and Italy
What hedging strategy used by UK pension funds caused the 2022 gilt crisis?
Liability-driven investment (LDI)
In the $5 billion loan case, the national currency depreciates by 25%, so the loan rises from 50 trillion to 62.5 trillion in local currency. What is the new annual interest payment at 5%?
3.125 trillion in local currency (which equals $250 million).
Widely considered the most valuable corporation of all time, which enterprise reached an estimated peak market cap equivalent to roughly $7.9 trillion?
Dutch East India Company (VOC - Vereenigde Oostindische Compagnie)