Chapter 15International Business Finance.ppt

Chapter 15International Business Finance Key sections Factors affecting exchange rates Nature of exchange risk and types How control exchange risk? Introduction Globalization –to make something worldwide in scope/application In finance, integration of countries’ financial and product markets Increases availability of funds and liquidity Made possible by computer and communications technologies Multinational Corporations Multinational corporations or MNC’s Have operations in more than one country Problems: different languages, currencies financial markets, taxes, culture