Skip to Main Content
Fundamentals of International Business
book

Fundamentals of International Business

by Sumati Varma
April 2019
Intermediate to advanced content levelIntermediate to advanced
368 pages
12h 18m
English
Pearson Education India
Content preview from Fundamentals of International Business

CHAPTER 11

Exchange Rate Determination

LEARNING OBJECTIVES

After reading this chapter, you should be able to:

  • Identify the characteristics of the international monetary system
  • Understand the basics of exchange rates
  • Outline the history of the Bretton Woods Agreement
  • Explain the functioning of the foreign exchange market

THE FALAFEL INDEX

The Falafel Index, is the Middle East’s answer to the Big Mac Index. The Big Mac Index is a standard global tool for measuring purchasing power. This index determines the purchasing power of different currencies by comparing the prices of McDonald’s signature hamburger—the Big Mac in various countries across the world. This makes it a tool of comparison of the purchasing power of different currencies. ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

International Business: The New Realities, 5th Edition

International Business: The New Realities, 5th Edition

S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
International Money and Finance, 9th Edition

International Money and Finance, 9th Edition

Michael Melvin, Stefan C. Norrbin

Publisher Resources

ISBN: 9789389588019