Skip to Main Content
International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

Currency Risk

Today, 19 member states of the European Union have adopted the euro as their common currency and sole legal tender. The countries’ use of the euro eliminates the problem of exchange rate fluctuations in trade and investment with each other. Other countries in Latin America, the Caribbean, and the Middle East have opted to use a regional or hard currency. The challenges posed by fluctuating exchange rates motivate countries to coordinate their monetary policies. Governments attempt to manage exchange rates by buying and selling hard currencies and by keeping inflation under control. However, the foreign exchange market is huge, and it shifts very quickly. Even major governments have difficulty controlling exchange rate movements. ...

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

Fundamentals of International Business

Fundamentals of International Business

Sumati Varma

Publisher Resources

ISBN: 9780136763017