Robert Z. Aliber describes international finance as a game between national policymakers and private market participants. National policy makers are charged with managing their home economics and yet they make international commitments, hence the dual objectives causes inconsistencies in national policies, leading to inevitable changes in exchange rate. (Levich, 2001) The private sector perceives the changes in exchange rate as both risk and opportunity for firms and individuals. Another aspect of game described by Robert A. …
showed first 75 words of 2242 total

showed last 75 words of 2242 total
…those countries to bear the heaviest costs of unsound policies. In conclusion, from the above discussion, it is evident that key players such as private corporate president and treasurers as well as the national government such as the policymakers plays important role in international market. Hence confirming the opening statement by Robert Z. Aliber. These players work together and any decision one group of player make has direct impact on the other group of players.