International Corporate Finance: Value Creation with Currency Derivatives in Global Capital Markets, + Website

PART One

The International Monetary Environment

Part One examines the monetary environment within which international corporate finance decisions are made. How exchange rates are determined and the unique role played by central banks' intervention in setting currency values are the focus of Chapter 2, whereas Chapter 3 presents a brief history of the international monetary system. The architecture of the world economy is outlined in Chapter 4 through the lens of national balance of payments accounting, which records the key flows linking national economies.