Chapter 9 The International Monetary and Financial Environment

A large sculpture of the Euro symbol.

Source: jakobradlgruber/123RF

Learning Objectives

After studying this chapter, you should be able to:

  1. 9.1 Learn about exchange rates and currencies in international business.

  2. 9.2 Explain how exchange rates are determined.

  3. 9.3 Understand the emergence of the modern exchange rate system.

  4. 9.4 Describe the monetary and financial systems.

  5. 9.5 Identify the key players in the monetary and financial systems.

  6. 9.6 Understand the global debt crisis.

The European Union and the Euro

The European Union (EU) was established in 1993. In 2017, it had 28 member countries. The EU created the ...

Get International Business: The New Realities, 5th Edition now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial