Solution manual for international financial management 10th edition by cheol eun

Solution manual for international financial management 10th edition by cheol eun
Solution manual for international financial management 10th edition by cheol eun Chapter 1-21

Solution Manual For
International Financial Management, 10th Edition EUN
Chapter 1-21
CHAPTER 1
GLOBALIZATION AND THE MULTINATIONAL FIRM
ANSWERS & SOLUTIONS TO END-OF-CHAPTER QUESTIONS AND PROBLEMS
QUESTIONS

1. Why is it important to study international financial management?
   Answer: We are now living in a world where all the major economic functions, such as
   consumption, production, investment, and financing, are highly globalized. It is thus essential
   for financial managers to fully understand vital international dimensions of financial
   management. This global shift is in marked contrast to a situation that existed when the authors
   of this book were learning finance a few decades ago. At that time, most professors customarily
   (and safely, to some extent) ignored international aspects of finance. This mode of operation
   has become untenable since then.
2. How is international financial management different from domestic financial management?
   Answer: There are three major dimensions that set apart international finance from domestic
   finance. They are:
3. foreign exchange and political risks,
4. market imperfections, and
5. expanded opportunity set.
6. Discuss the major trends that have prevailed in international business during the last two
   decades.
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