ABSTRACT
Other special, uniquely international financial problems arise from the fact that there are political divisions as well as currency divisions between countries. In particular, the world is divided into nation-states that generally, but not always, correspond to the currency divisions: some nations share currencies, such as the euro that is the common currency for numerous European nations, and the Russian ruble that is still used by several former Soviet states. Political barriers provide additional opportunities and risks when engaging in overseas borrowing and investment. International finance has as its focus the problems managers face from these currency and country divisions and their associated opportunities and risks.
