Free Online Course in International Business
Introduction
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Impact of globalization
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Convertibility with open or closed borders
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Fixed rate of exchange
Floating rate of exchange
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Managed rate of exchange
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Practical means of forecasting foreign exchange rates
Market Drivers
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Speculative trading
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Balance of payments position and trends
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Inflation rate compared to trading partners
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Investor confidence in economics, politics and business
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Intervention in the foreign exchange market
Measuring Foreign Exchange Exposure
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Transaction exposure
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Translation exposure
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Economic exposure
Business Needs for Foreign Currency
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Accounts Payable and Accounts receivable in a foreign currency
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Wide array
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Balance sheet hedging
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Assets: Plant and equipment, market share, investments, etc.
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Liabilities: Loans, bonds, etc.
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Acquisition activity
The Currency Market a Continuous Market
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