Historical progress of the international financial policy and foreign exchange risk
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XXI, No.1, 2009, pages 93-102
Issue:
Pages:
93-102
Author:
Abstract:
In this paper we discuss issues of international loans and investments between countries in our present day when the world is becoming unified. In this article we begin with a short historical progress on loans. At this point I refer to the contribution of the International Monetary Fund and the World Bank which did not accomplish their goal in the end because of bad estimations on behalf of the government. The reasons for the above mentioned failure are to be found in the various political and economical disarrangements (for example over-armament because of threats), the erroneous policies of national governments, corruption and the national differences between regions. Then I refer to the subject ofexchange and exchange rates presenting the significant relation between foreign exchange risk and international financing.
Subject:
Subject (LC):
Keywords:
International Financing, International Monetary Fund, Foreign Exchange Risk
Notes:
JEL classification: D92, G32, D81
