Write a short essay to provide your opinion on whether you (as a manger of an MNC) might be more willing to use dollar-denominated short-term debt to cover short-term funding needs for subsidiaries in foreign countries that generate positive earnings. Explain the possible tradeoffs involved?

In recent years, U.S. short-term interest rates have been close to zero. Write a short essay to provide your opinion on whether you (as a manger of an MNC) might be more willing to use dollar-denominated short-term debt to cover short-term funding needs for subsidiaries in foreign countries that generate positive earnings. Explain the possible tradeoffs involved?