Money, credit, and banking

Medina, Roberto G.

Money, credit, and banking - Intramuros, Manila Unlimited Books 2014 - xiv, 249 p. Includes references

International finance is a subject that is worth learning because of the importance of trade relations between countries A system is kept in place to facilitate international trade.The system encompasses the financial markets and institutions at the interational level. The financial markets Include the foreign exchange market. the bond market, the Euromarket, and the futures market. The financial inserters include private and official institutions like the IMF and the World Bank.The exchange rate is an important factor to consider in intermational finance. To a large extent, the exchange rate affects the Philippine economy. The balance of payments is a funds flow statement of receipts and payments of a country like the Philippines. International banking is composed of correspondents, representatives, agencies, foreign branches, subsidiaries, and consortium banks. Multinational banking consists of retail and wholesale concerns.The Euromarket is an important segment of the world financial markets,where the Eurodollar and the Eurobond are important products.

978-971-95961-9-6


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