International Economies Introduction Since the early 1970s and more so after the early 1990s the world has witnessed a steady sequence of events that has partially changed the Global Economic Scenario. Starting from the early 70s the fixed exchange rate system has given way to the managed floating exchange rate...
International Financial Management Introduction We know that international business activity has been in existence for hundreds of years. More than two hundred years back. Adam Smith wrote in his famous title “Wealth of Nations” that if a foreign country can supply us with a commodity cheaper than we ourselves can...
International Financial Flows Introduction Funds flowing into, or out of, a country on account of various types of international transactions are recorded by the monetary authorities of that country in a prescribed statement that is known as the balance of payments. You find an individual maintaining an account of his/her...
Exchange Rate Arrangement The nature of exchange rate arrangement has undergone changes over past couple of centuries. There was a time when costly metal was used as medium of international exchange of commodities under a specific arrangement, known as commodity specie standard, It was followed by gold standard that was...