The primary concern of management is to look at the approaches that could help them with the satisfaction of the organization they work with. In other words, if the bank’s client is satisfied with the company’s services, they will be able to expand their operations in a wide geographical location. In developed countries like the UK, USA, and Europe, the institutions and government are using a mixed approach in handling their operations. For instance, they are offering dual services to their clients so that they can utilize them as they choose. However, the critical advantage in developed countries is their privacy and security setup. These things are crucial to operations in these countries.
In most cases, management works with a solid and intact structure that helps to sustain their clients’ data and avoid any external element to intrude the system, breaching their data and operating systems. However, the case of developing countries is very different. In developing countries, people face a number of issues related to the efficiency of the structure through which the rates are designed. Most of the time, it has been identified that the system is not up to their expectations, which is a significant pitfall in the US. The organization is trying to achieve maximum loans with minimal interest rates to increase their profitability, which ultimately increases their growth. It was also identified that when the companies from any particular institution face an issue, they immediately switch to the other option due to the availability of a wide range of substitutes in the country.
It will be appropriate for the banking structure in developing countries to focus on the international standards of the banking sector to design their structure of interest rates and increase the level of customer satisfaction for the company. In addition, focusing on the international standards also helps the companies to focus on their security and privacy structure that will also reduce the threats for their customers in the future. The management of the exchange rates and the interest rates by the government and the banks would help the banks for retaining their customers for the long term. It would also increase their financial and economic stability among other economies working in the same region. It is essential that the electronic business operations should be made common in the region so that access to the proper knowledge can become easier for management. Therefore, the authors stated that it is obligatory for the US that they should implement a flexible approach so that the interest rates can be made according to the satisfaction level and the feasibility of the organizations. It would help them to increase their growth on an individual basis, and they can collectively improve the performance of the US economy.
People have treated the interest rates and the exchange rates as different entities, and their impact on the stock prices has been discussed separately. However, the comparison has yet to be made accordingly. Although both are rates used for business transactions, the interest rates are normally applied on the bank loans, and the exchange rates are used in the trading identified it. He also evaluated the similar results in his study in which he discussed that the fundamental difference, which exists between both the factors, is their basic identity and the purpose for which they are used. However, the interconnected nature of both the factors has confused the researchers on many points for which they take into consideration several approaches and research designs so that their impact can be identified separately.
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