Abstract

The major sources of financial uncertainty for firms engaged in international business arise from changes in exchange rates and changes in exchange controls — events which are not readily predictable. The risks of changes in exchange rates — both of changes in parities under a pegged rate system and fluctuations under a floating rate system — are inherent in a system of national currencies, just as the risks of changes in exchange controls and of expropriation are inherent in a system of multiple sovereigns.

Keywords

Income Nite 

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Sources

  1. David K. Eiteman and Arthur I. Stonehill, Multinational Business Finance ( Reading, Mass.: Addison-Wesley, 1973 ).Google Scholar
  2. J. Fred Weston and Bart W. Sorge, International Managerial Finance ( Homewood, Ill.: Richard D. Irwin, 1972 ).Google Scholar
  3. David B. Zenoff and Jack Zwick, International Financial Management ( Englewood Cliffs, N.J.: Prentice-Hall, 1969 ).Google Scholar
  4. Sidney M. Robbins and Robert B. Stobaugh, Money in the Multinational Enterprise ( New York: Basic Books, 1973 ).Google Scholar

Copyright information

© Robert Z. Aliber 1978

Authors and Affiliations

  • Robert Z. Aliber

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