griffin05_08 - foreign exchange and international financial...

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international business, 5 th edition c hapter 8 foreign exchange and international financial markets
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8-2 Chapter Objectives 1 Describe how demand and supply determine the price of foreign exchange Discuss the role of international banks in the foreign-exchange market Assess the different ways firms can use the spot and forward markets to settle international transactions
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8-3 Chapter Objectives 2 Summarize the role of arbitrage in the foreign-exchange market Discuss the important aspects of the international capital market
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8-4 Foreign Exchange Foreign exchange is a commodity that consists of currencies issued by countries other than one’s own.
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8-5 Figure 8.1 Demand for Yen Demand for Japanese Yen is Derived from Foreigner’s Demand for Japanese Products
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8-6 Figure 8.2 Supply of Yen Supply for Japanese Yen is Derived from Japanese Demand for Foreign Products
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8-7 Figure 8.3 The Market for Yen
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8-8 Foreign-Exchange Rates Direct exchange rate Direct quote Price of the foreign currency in terms of
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This note was uploaded on 09/05/2011 for the course MGMT 3400 taught by Professor Mr.henryh.c.ku during the Summer '11 term at Hawaii Pacific.

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griffin05_08 - foreign exchange and international financial...

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