International financial management
- New Delhi Wiley India Pvt. Ltd. 2016
- xxviii, 716 p.
Table of Content
Part 1 The Global Financial Management Environment
1 Introduction to International Financial Management
1.1 The Rise of the International Company
1.2 The Internationalization of Business and Finance
1.3 International Financial Management: Theory and Practice
1.4 Outline of the Text
Appendix 1A The Origins and Consequences of International Trade
2 Exchange Rate Determination
2.1 Setting the Equilibrium Spot Exchange Rate
2.2 Expectations and the Asset Market Model of Exchange Rates
2.3 The Fundamentals of Central Bank Intervention
2.4 The Equilibrium Approach to Exchange Rates
2.5 Summary and Conclusions
3 The International Monetary System
3.1 Alternative Exchange Rate Systems
3.2 A Brief History of the International Monetary System
3.3 The European Monetary System and Monetary Union
3.4 Emerging Market Currency Crises
3.5 Summary and Conclusions
4 Currencies: Expectations, Parities and Forecasting
4.1 Arbitrage and the Law of One Price
4.2 Purchasing Power Parity
4.3 The Fisher Effect
4.4 The International Fisher Effect
4.5 Interest Rate Parity Theory
4.6 The Relationship Between the Forward Rate and the Future Spot Rate
4.7 Currency Forecasting
4.8 Summary and Conclusions
5 The International Monetary System and The Balance of Payments
5.1 Balance-of-Payments Categories
5.2 The International Flow of Goods, Services and Capital
5.3 Coping with the Current-Account Deficit
5.4 Summary and Conclusions
6 Country Risk
6.1 Measuring Political Risk
6.2 Economic and Political Factors Underlying Country Risk
6.3 Country Risk Analysis in International Lending
6.4 Summary and Conclusions
Part 2 Currency and Derivatives Markets
7 Currency Markets
7.1 Organization of the Foreign Exchange Market
7.2 The Spot Market
7.3 The Forward Market
7.4 Summary and Conclusions
8 Currency Derivatives
8.1 Futures Contracts
8.2 Currency Options
8.3 Reading Currency Futures and Options Prices
8.4 Summary and Conclusions
Appendix 8A Option Pricing Using Black-Scholes
Appendix 8B Put-Call Option Interest Rate Parity
9 Interest Rate Derivatives
9.1 Interest Rate and Currency Swaps
9.2 Interest Rate Forwards and Futures
9.3 Structured Notes
9.4 Credit Default Swaps
9.5 Summary and Conclusions
Part 3 Managing Currency Risks
10 Translation and Transaction Exposure
10.1 Alternative Measures of Foreign Exchange Exposure
10.2 Alternative Currency Translation Methods
10.3 Transaction Exposure
10.4 Designing a Hedging Strategy
10.5 Managing Translation Exposure
10.6 Managing Transaction Exposure
10.7 Summary and Conclusions
Appendix 10A Currency Translation in Practice
11 Economic Exposure
11.1 Foreign Exchange Risk and Economic Exposure
11.2 The Economic Consequences of Exchange Rate Changes
11.3 Identifying Economic Exposure
11.4 Calculating Economic Exposure
11.5 An Operational Measure of Exchange Risk
11.6 Managing Operating Exposure
11.7 Summary and Conclusions
Part 4 Financing International Operations
12 International And Domestic Capital Markets
12.1 Corporate Sources and Uses of Funds
12.2 Domestic Capital Markets as International Financial Centers
12.3 Development Banks
12.4 Project Finance
12.5 Summary and Conclusions
Designed for students taking courses in international finance, international financial management, multinational finance and multinational financial management, International Financial Management offers a variety of real-life examples, both numerical and institutional, that demonstrate the use of financial analysis and reasoning in solving international financial problems.
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