Question
External debt has historically been denominated in only a few major currencies such as the US dollar, Japanese yen, British pound, or German mark.
External debt has historically been denominated in only a few major currencies such as the US dollar, Japanese yen, British pound, or German mark. Developed and developing countries, institutionally weak countries, and even countries with strong property rights issues are much, or all, indebted to international markets denominated in foreign currencies (Flandreau and Sussman, 2005; Bordo and Meissner, 2007). If you are a CFO at a multinational company in Indonesia, how do you minimize the risk caused by debt in foreign currency! Then explain the strategic steps Provision: 1. Paper maximum of 3 pages (Times New Roman, Spacing 1.5, font 12) 2. Minimum 2 sources of bibliography (Books, News, Reports, and Journals)
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