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.


Exchange Rate Interest Rate Exchange Control International Business Foreign Currency 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. David K. Eiteman and Arthur I. Stonehill, Multinational Business Finance ( Reading, Mass.: Addison-Wesley, 1973 ).Google Scholar
  2. J. Fred Weston and Bart W. Sorge, International Managerial Finance ( Homewood, Ill.: Richard D. Irwin, 1972 ).Google Scholar
  3. David B. Zenoff and Jack Zwick, International Financial Management ( Englewood Cliffs, N.J.: Prentice-Hall, 1969 ).Google Scholar
  4. Sidney M. Robbins and Robert B. Stobaugh, Money in the Multinational Enterprise ( New York: Basic Books, 1973 ).Google Scholar

Copyright information

© Robert Z. Aliber 1978

Authors and Affiliations

  • Robert Z. Aliber

There are no affiliations available

Personalised recommendations