财务管理课chap018.pptVIP

International Aspects of Financial Management Chapter 18 Key Concepts and Skills Understand how exchange rates are quoted and what they mean Know the difference between spot and forward rates Understand purchasing power parity and interest rate parity and the implications for changes in exchange rates Understand the types of exchange rate risk and how it can be managed Understand the impact of political risk on international business investing Chapter Outline Terminology Foreign Exchange Markets and Exchange Rates Purchasing Power Parity Exchange Rates and Interest Rates Exchange Rate Risk Pol