| About the book | |
This text concentrates on the financial management practices, and current financial market environment of multinational corporations. A major revision of this best-seller, the third edition of the text has undergone a significant reorganization of material and updating. Furthermore, throughout this edition, many more illustrations and examples from popular business periodicals have been included to help connect real-world practice with aspects of modern theory. | |
| Key features | |
| Table of contents | |
CHAPTER 1: The World of International Finance PART 1: THE MARKETS FOR FOREIGN EXCHANGE CHAPTER 2. An Introduction to Exchange Rates CHAPTER 3. Forward Exchange CHAPTER 4. Currency Futures and Options Markets PART 2: DETERMINATION OF EXCHANGE RATES CHAPTER 5. The Balance of Payments Accounts CHAPTER 6. Supply and Demand View of Exchange Rates CHAPTER 7. Modern Theories of Exchange Rates CHAPTER 8. Alternative Systems of Exchange Rates CHAPTER 9. The International Financial System: Past, Present and Future PART 3: THE FUNDAMENTAL INTERNATIONAL PARITY CONDITIONS CHAPTER 10. The Purchasing-Power Parity Principle CHAPTER 11. Interest Parity PART 4: MANAGING FOREIGN EXCHANGE RISK AND EXPOSURE CHAPTER 12. Foreign Exchange Exposure and Risk CHAPTER 13. Accounting Exposure Versus Real Exposure CHAPTER 14. Operating Exposure CHAPTER 15. Hedging Risk and Exposure CHAPTER 16. Speculation, Market Efficiency and Forecasting PART 5: INTERNATIONAL INVESTMENT AND FINANCING CHAPTER 17. Cash Management CHAPTER 18. Portfolio Investment CHAPTER 19. Capital Budgeting for Direct Foreign Investment CHAPTER 20. The Growth and Concern about Multinationals CHAPTER 21. International Financing PART 6: INSTITUTIONAL STRUCTURE OF INTERNATIONAL TRADE AND FINANCE CHAPTER 22. Multinational Banking CHAPTER 23. Instruments and Institutions of International Trade GLOSSARY | |
