||From the Author|There is an error in Chapter 4 in the section on Adjusted APPP that begins on p. 70. For the adjusted Big Mac approach to FX valuation, the text says that a currency's percentage misvaluation versus the US dollar is equal to the economy's Big Ma
As managers expand their international business operations, they are confronted by the puzzling and vexing world of foreign exchange (FX) rates. This text is designed as a resource that can help managers quickly understand and navigate the FX market. The text may be used as an introductory module in a course in international finance, whether the course is oriented to international markets, international investments, or international corporate finance. The primary intend...
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