Assignment:
Standard advice given to firms exporting to soft-currency countries is to invoice in their own currency. Critically analyze this recommendation and suggest a framework that will help a financial manager decide whether to stipulate hard-currency invoicing in export contracts.
a. Under what circumstances does this advice make sense?
b. Are these circumstances consistent with market effi- ciency?
c. Are there any circumstances under which importer and exporter will mutually agree on an invoicing currency?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.