Dynamics of International Business

These flashcards cover key concepts and terms from the lecture notes on international monetary and financial systems.

Multidomestic Strategy

A business strategy in which a company adapts its products and services to each individual market.

Global Strategy

A business strategy that involves offering the same products or services in all markets with minimal local adaptation.

Securitization

The process of transforming illiquid assets into securities that can be sold in the financial markets.

Eurobonds

Bonds issued outside of the country where the currency is denominated.

Foreign Exchange Market

A marketplace for exchanging national currencies against one another.

Countertrade

The practice of selling goods or services that are paid for with other goods and services instead of cash.

Currency Arbitrage

The simultaneous purchase and sale of currency in different markets to profit from differing prices.

Depreciation

A decrease in the value of an asset or currency in comparison to others.

Appreciation

An increase in the value of an asset or currency in comparison to others.

Competitive Devaluation

When a country deliberately lowers the value of its currency to gain a trade advantage.