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Question 1 :  Why is it important to study international financial management? How is international financial management different from domestic financial management? Please provide specific examples.

Respond = As simply put by authors Cheol S. Eun and Bruce G. Resnick (2012), international financial management must be studied because we live in a globalized and integrated world economy. Products and services are purchased and sold from all over the world. This integration has also allowed investors to expand their portfolios into more diversified options than available in a domestic market (p. 4). International financial management differs from domestic management because managers must understand finance and money on multiple levels and dimensions, where as domestic management consists of a singular and familiar level of understanding. For example, international finance deals with foreign currency, or multiple currencies if conducting business with multiple countries, where as in domestic finance a financial manager deals with their domestic currency in which they are familiar with. 

Eun, C., & Resnick, B. (2012). International Financial Management, 6th Edition. [VitalSource Bookshelf version]. Retrieved from http://strayer.vitalsource.com/books/0077828461

Question 3=
•     Use the Internet to research how the move to the Euro has impacted the overall economy of the European Union. Discuss how being tied to a single currency (the Euro) has impacted the different economies of the European Union. Provide specific examples (discuss specific countries) to support your response.

Question 4=The EU is a unique economic and political partnership between 28 European countries that together cover much of the continent.

The EU was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries who trade with one another become economically interdependent and so more likely to avoid conflict.

The EU has delivered half a century of peace, stability and prosperity, helped raise living standards, and launched a single European currency, the euro.

Thanks to the abolition of border controls between EU countries, people can travel freely throughout most of the continent. And it's become much easier to live and work abroad in Europe.

The single or 'internal' market is the EU's main economic engine, enabling most goods, services, money and people to move freely. Another key objective is to develop this huge resource to ensure that Europeans can draw the maximum benefit from it.

these countries requires them to join the Euro; some have already joined the ERM and others have set themselves the goal of joining the Euro as follows:

• Slovakia: January 1, 2009

• Lithuania: January 1, 2010

• Estonia: January 1, 2011

• Bulgaria, Czech Republic, Hungary, Latvia, Poland, and Romania: January 1, 2012 or later.

The initial introduction of the Euro as a currency of account began with a resounding success, as the new currency rose immediately to an exchange rate of 1.17 U.S. dollars to the Euro. Uncertainties about the further progress of European Union raised by conflicts in the Balkans in 1999 soon dampened investor interest in the Euro, however, and its value fell to 1.04 U.S. dollars per Euro by the summer of that year. The Euro continued to slip, and by late 2000, it had fallen to a record low of $0.83. Since 2003, however, the Euro has steadily risen against the dollar, gaining strength in 2007 as the U.S. economy began slipping towards recession; by mid 2008, the Euro was holding steady in the mid $1.50s.

http://www.encyclopedia.com/topic/European_Union.aspx