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Main Challenges to Global Financial Management

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Please help answer the following questions. Provide at least 200 words. Include references as part of the solution.

What are the main challenges of global financial management?

What is foreign exchange risk management? Is it important for companies going international?

Why?

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Solution Summary

This solution discusses the main challenges of a global financial management. Concepts discussed in the posting include foreign exchange risk management and why it's important for companies going international. The explanation is given in 241 words and references are included as part of the solution.

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GLOBAL FINANCIAL MANAGEMENT

Challenges
1. Exchange restrictions. Some governments impose exchange restrictions to control access to foreign exchange. This is done through: import licensing, multiple exchange rates, import deposit requirements, and quantity controls (Daniels and Radebaugh, 2000).
2. International differences in inflation rates and the purchasing power of each nation's currency significantly ...

Solution provided by:
Elisa Valdez, PhD
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
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