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What does it mean by the absorption approach to currency
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- Discuss the pros and cons of fixed vs. floating exchange regimes. From the perspective of international business, what are the most important criteria in a choice between the systems? Which system is more desirable for international business?state the necessary conditions for two or more countries to form a succeessful single currency areaexplain advantages and disadvantages of the estimating foreign exchange premium
- Discuss the various modes of entry in international business. Under what conditions you will favour exporting as opposed to direct investment by your firm?Outline the possible advantages for a government of allowing the currency to depreciate against its trading partners’ currencies, and the challenges of implementing such a policy.Explain Appreciation and Depreciation of Currencies