Learn to:
- Master complex theories and simplify calculations
- Find ways to hedge against foreign exchange risk
- Navigate the complexities of world currencies and exchange rates
Get the most out of your International Finance course
International Finance For Dummies sheds light on this increasingly important subject for the growing number of students required to take this challenging course. It includes need-to-know information for understanding the foundations of international finance, factors that affect and influence exchange rates, and how real-time connectedness impacts the global economy.
- International Finance 101 — grasp the basics of exchange rates, the relevance of exchange rates for all sorts of international business, and how macroeconomic variables affect the changes in exchange rates
- Predict change — find plain-English explanations of the Monetary Approach to Balance of Payments (MBOP) and how you can use it to predict the change in the exchange rate
- Get rid of guesswork — discover the concepts of the Interest Rate Parity and Purchasing Power Parity and how they provide the extent of changes in the exchange rate
- Go international — get to know exchange rate regimes and alternative international monetary systems through underlying macroeconomic subjects
Open the book and find:
- The impact of globalization
- The greater connectedness of national economics and the world economy as a whole
- Exchange rates and how they impact corporate firms and governments
- The influence of multinational corporations on the global financial scene
- Famous puzzles in international finance
- Do's and don'ts in international finance
