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International Finance

“Time is money.”

 

Benjamin Franklin

LEARNING OBJECTIVES

After reading this chapter, you will be able to:

  1. Understand the basics of international financial management.

  2. Discuss international theories of finance.

  3. Understand the concepts of exchange rate, spot rate and forward rate.

  4. Discuss price and volume quotations.

  5. Describe floating and fixed exchange rates.

  6. Understand international financing.

  7. Analyse the effects of the euro on international trade.

FINANCE IN PRACTICE

In 2008, the world witnessed a global financial crisis that led to upheavals in the financial market worldwide. After this crisis, the global financial markets eased by mid-2009 on the back of receding uncertainties and risk, and there was a strong ...

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