Introduction

Robert Z. Aliber

Chapter 1. in Exchange Risk and Corporate International Finance, 1978, pp 3-6 from Palgrave Macmillan

Abstract: 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: Exchange Rate; Interest Rate; Exchange Control; International Business; Foreign Currency (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-03362-1_1

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