国际财务管理18.pptVIP

Chapter Outline The Management of Multinational Cash Balances Cash Management Systems in Practice Transfer Pricing Related Issues Blocked Funds The Management of International Cash Balances The size of cash balances The currency denomination Where these cash balances are located The Size of Cash Balances The optimal size of the firm’s cash balances depend upon: Choice of Currency By maintaining cash balances in a particular currency, the MNC is essentially speculating (or hedging?) in that currency. Where Cash Balances are Located. Should the firm have centralized cash management in the ho