lecture 2-18-08

lecture 2-18-08 - THE INTERNATIONAL MONETARY SYSTEM Global...

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THE INTERNATIONAL MONETARY SYSTEM Global Environments: - Without comprehensive globalization, multinational companies face differences in and across functional environments o Financial o Accounting o Regulatory, ethical, social o Technological - Compete with local & multinational companies - Understanding these different environments Global Environments: FINANCE - National markets/transactions - Regional markets/transactions - Cross-border markets/transactions o Foreign exchange market o International monetary system o Currency crises National and Regional Markets/ Transactions - still some lack of integration - Many national/regional factors keep capital markets from full integration o Norms regarding the financing of business activities Vary by country o Economic and political risk Sometimes make it less likely for investors to invest in certain places o Tax regimes o Different currencies and foreign exchange transaction costs o Regulations concerning the flow of capital across borders
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This note was uploaded on 04/07/2008 for the course IBUS 200 taught by Professor Elms during the Spring '08 term at American.

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lecture 2-18-08 - THE INTERNATIONAL MONETARY SYSTEM Global...

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