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The Foreign Exchange Market Opening Case Hyundai and Kia Face a Strong Won Introduction The Functions of the Foreign Exchange Market Currency ConversionManagement Focus Volkswagen's Hedging Strategy The Nature of the Foreign Exchange Market Economic Theories of Exchange Rate Determination Prices and Exchange RatesExchange Rate Forecasting The Efficient Market SchoolCountry Focus Anatomy of a Currency Crisis The Inefficient Market SchoolCurrency Convertibility Implications for Managers Management Focus Dealing with the Rising Euro Chapter Summary Critical Thinking and Discussion Questions Research Task Closing Case The Curse of the Strong Dollar at STMicro |