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Abstract
International finance has emerged as one of the most active and exciting areas of management for positive and normative research in recent years. The international economic environment has changed radically, raising new questions but also providing fascinating observations of the interaction of the various elements of the world financial system. At the same time, financial theory has progressed subsequently in its ability to treat rigorously the complexities of interactional finance. Further, empirical evidence regarding the efficiency of markets has significantly altered traditional perspectives on foreign exchange markets and international financial transactions.
