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Converted if there is a shortage of dollars in

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Unformatted text preview: hence the transfer, may be blocked. blocked. Even if no dollar shortage exists in Argentina, the government Even may still restrict funds outflows if those funds represent profits or depreciation rather than payments for purchased materials or equipment, because many countries, especially those that are less developed, want profits reinvested in the country in order to stimulate economic growth. stimulate 33 Multinational Working Capital Mgt Once it has been determined what funds can be transferred, the Once next task is to get those funds to locations where they will earn the highest returns. Whereas domestic corporations tend to think in terms of Whereas domestic securities, multinationals are more likely to be aware of investment opportunities all around the world. Most multinational corporations use one or more global Most concentration banks, located in money centers such as London, New York, Tokyo, Zurich, or Singapore, and their staffs in those cities, working with international bankers, know of and are able to take advantage of the best rates available anywhere in the world. world. 34...
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