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A Framework of International Business
book

A Framework of International Business

by S. Tamer Cavusgil, John R. Riesenberger, Gary Knight
July 2013
Intermediate to advanced content levelIntermediate to advanced
352 pages
15h 18m
English
Pearson
Content preview from A Framework of International Business

Chapter 6 The International Monetary Environment and Financial Management in the Global Firm

Learning Objectives

In this chapter, you will learn about:

  • Exchange rates and currencies

  • How exchange rates are determined

  • The monetary and financial systems

  • Financial management in the global firm

  • Managing currency risk

  • Managing accounting and tax practices

Exchange Rates and Currencies

International business transactions take place within the global monetary and financial systems. When people think of international trade, invariably they think of trade in products and services. However, the markets for foreign exchange and capital are much larger. Firms regularly trade the U.S. dollar, European euro, Japanese yen, and other leading currencies ...

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Publisher Resources

ISBN: 9780137589869