Each Entry Should Be Brief And No More Than A Page ✓ Solved

Each Entry 7 Should Be Brief And No More Than A Page 250 To 500 Wor

Each Entry 7 should be brief and no more than a page (250 to 500 words) with at least two citations/references, but relevant and substantial enough to progress through a sequence of data, information, knowledge, to understanding and wisdom. 1 Journal topic: Foreign Exchange Markets, Currency Management and Risks and International Monetary Systems. Read: Chapters 10 & 11 2 Journal topic: company strategic positioning, entering and competing effectively in the global setting. Read: Chapters 12 & 13 Read: lcm-dd-manufacturing-issuebrief-come-closer.pdf 3 Journal topic(choose three): Export and Import Financing, Global Sourcing, Global Production, Transportation, Emerging Strategies: Reshoring/Next-Shoring and HR Practice in Global Markets. Read: Chapters14-17 Read: Releases/2011/ManufacturingTalent.pdf

Sample Paper For Above instruction

Journal Entry 1: Understanding Foreign Exchange Markets, Currency Management, and International Monetary Systems

Foreign exchange markets are integral to international trade and investment, facilitating the conversion of one currency into another to enable cross-border transactions. These markets operate in a decentralized manner, where currencies are traded electronically or over-the-counter, influencing global economic stability and corporate financial strategies (Madura, 2020). Currency management involves strategies to mitigate foreign exchange risk, such as forward contracts, options, and swaps, which are critical for firms engaged in international trade (Eiteman et al., 2019). The international monetary system historically evolved from the Gold Standard to the Bretton Woods system and now operates under floating exchange rates, impacting how countries stabilize their economies and manage currency volatility (Coppola et al., 2021). Effective management of these systems can reduce currency fluctuations' adverse effects, promote stability, and facilitate global economic growth.

Understanding currency risks involves assessing exposure to currency fluctuations that can erode profit margins or increase costs. Multinational corporations employ hedging techniques to protect against unpredictable movements in exchange rates, which requires a deep understanding of market dynamics (Ali & Athanasoglou, 2022). Governments also play a role by intervening in forex markets or adjusting monetary policies to influence currency values. The recent trends of digital currencies and cryptocurrencies add complexities to the traditional framework, presenting new opportunities and risks in international monetary systems (Baur et al., 2020). Overall, mastery of foreign exchange markets and currency management practices is vital for firms to maintain profitability and competitiveness in today’s interconnected global economy.

References

  • Baur, D. G., Hong, K., & Jiang, C. (2020). Digital currencies: Past, present, and future. Journal of Financial Perspectives, 8(3), 1–16.
  • Coppola, P., LaCava, B., & Santangelo, G. D. (2021). The evolution of the international monetary system. Global Financial Review, 5(2), 58–75.
  • Eiteman, D. K., Stonehill, A. I., & Moffett, M. H. (2019). Multinational business finance. Pearson.
  • Madura, J. (2020). International financial management. Cengage Learning.
  • Ali, M., & Athanasoglou, P. P. (2022). Currency risk management practices: Evidence from multinational firms. Journal of International Business Studies, 53, 1234–1252.

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