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MULTINATIONAL FINANCIAL MANAGEMENT: AN …

Subject code: FM-406/IB-416 Author: Dr. Sanjay Tiwari Lesson: 1 Vetter: Dr. Bodla MULTINATIONAL FINANCIAL management : AN OVERVIEW STRUCTURE Objectives Introduction Nature and scope of international FINANCIAL management Evolution of MNCs Theory and practice of international FINANCIAL management Summary Keywords Self assessment questions References/Suggested readings OBJECTIVES After reading this lesson, you should be able to- Understand the factors responsible for emergence of globalized FINANCIAL markets. Understand meaning, nature and scope of international FINANCIAL management .

foreign exchange rates. In a domestic economy this risk is generally ignored because a single national currency serves as the main medium of exchange within a country. When different national currencies are exchanged for each other, there is a definite risk of volatility in foreign exchange rates. The present International Monetary System set up is

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