Foreign Exchange

  • Douglas Wood
  • James Byrne


The essence of international business is that it carries commitments in not just one but several different currencies. From this a number of management problems arise in terms of acquiring funds, evaluating new investments and monitoring the performance of existing investments which do not operate wholely in the parent’s home territory.


Exchange Rate Interest Rate Foreign Exchange Real Interest Rate Trade Credit 
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  1. R. Aggarwal, Financial Policies for the Multinational Company: the Management of Foreign Exchange (New York: Praeger, 1976).Google Scholar
  2. Brendan Brown, Money Hard and Soft on the International Currency Markets (London: Macmillan, 1978).CrossRefGoogle Scholar
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  8. Swiss Bank Corporation, Foreign Exchange and Money Market Operations (1978).Google Scholar

Copyright information

© Douglas Wood and James Byrne 1981

Authors and Affiliations

  • Douglas Wood
    • 1
  • James Byrne
    • 1
  1. 1.International Centre for Banking and FinanceManchester Business SchoolUK

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