International financial management requires a deep understanding of both finance and global markets from "summary" of International Financial Management, Abridged Edition by Jeff Madura
To be successful in international financial management, one must possess a thorough comprehension of finance and global markets. Finance is the study of how individuals, businesses, and governments allocate resources over time. It involves making decisions about how to raise money, invest money, and manage risks. Understanding finance is crucial because international financial management involves making decisions on how to raise capital from various sources, invest in different countries, and manage currency and interest rate risks.
Global markets refer to the interconnectedness of financial markets around the world. In today's global economy, events in one country can have ripple effects on financial markets across the globe. Therefore, it is essential for international financial managers to be aware of global market trends and how they can impact their decision-making processes. This requires a d...
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