FIN 417 Chapter 4-5: Chapter 4 and 5 - Lecture 7
14 Feb 2017
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Document Summary
The chinese government restricts free speech of the people under its rule and does not allow the people free access to information that may undermine their authority. The discrepancy in numbers is a result of the amount of foreign companies on the exchange, there are far more foreign companies willing to operate in the uk than in italy because there is no shareholder protection in italy. Too costly and time consuming for a total system overhaul. Some have an underlying assumption that italians have no desire to change the way they do things, they are happy with the way they do things now. Travelers exchanging currency is the retail side of the market, rates are not as good as the rates used among banks. Slide 5: because trade of currency is international, there is always someone trading currency and price fluctuation is nearly continuous, driven primarily by asia, europe, and us.
