Eurospotentialasaglobalcurrencydependingonhowthis

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Unformatted text preview: the Euro as a Global Currency,P12) – Europe's Sovereign Debt Crisis of 2010,which revealed a profound weakness of euro: lack of fiscal integration – Euro’s potential as a global currency: depending on how this disparity between monetary and fiscal integration will be addressed • MNCs are the controllers of capital and technology (exhibit 1.6 the world’s top 40 MNCs Ranked by Foreign Assets, 2008) www.unctad.org/wir What’s Special about What “International” Finance? • • • • Foreign Exchange Risk Political Risk Market Imperfections Expanded Opportunity Set What’s Special about What “International” Finance? • Foreign Exchange Risk – The ris...
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