Explain the steps of the strategy

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Reference no: EM132952578

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 ownership issues are much, or all of, indebted to international markets in foreign currency (Flandreau and Sussman, 2005; Bordo aand Meissner, 2007)

If you are a CFO for a multinational company in Indonesia,

1.how would you be attracted to the debts in foreign currencies

2.Then explain the steps of the strategy

-Minimum 2 sources bibliography

Reference no: EM132952578

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