For my individual assignment I choose to review and the case study about the Caterpillar Company. Nothing is more familiar on a construction site than the bright yellow heavy equipment manufactured by Caterpillar, Inc. Caterpillar Inc., headquartered in Peoria, Illinois, has dominated the world in earth moving, construction, and materials machinery for more than 50 years. Their global dominance; however, created a stagnant and risk averse environment. Komatsu, a leading Japanese competitor, had gained market share …showed first 75 words of 557 total…

…showed last 75 words of 557 total…the current managed-float regime? Why? I personally would prefer a fixed rate. With a fixed rate I can better gage my quarterly budgets and I know what to expect form an exchange in currency, and plans can be made accordingly. With a floating rate you only know short term and planning for the future with a method like that can prove to be very difficult. Reference: Hill (2005) Chapter 10 The Global Monetary System Pg. 368 - Pg. 370