| Description |
1 online resource |
| Contents |
2.4. A Brief History of the International Monetary System -- 2.5. The Global Financial Crisis of 2008 -- 2.6. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- 3. Foreign Exchange and Eurocurrency Markets -- 3.1. Characteristics of Financial Markets -- 3.2. The Eurocurrency Market -- 3.3. The Foreign Exchange Market -- 3.4. Foreign Exchange Rates and Quotations -- 3.5. The Empirical Behavior of Exchange Rates -- 3.6. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- 4. The International Parity Conditions and Their Consequences -- 4.1. The Law of One Price |
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4.2. Exchange Rate Equilibrium -- 4.3. Interest Rate Parity and Covered Interest Arbitrage -- 4.4. Less Reliable International Parity Conditions -- 4.5. The Real Exchange Rate -- 4.6. Exchange Rate Forecasting -- 4.7. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- Appendix 4. A: Continuous Compounding -- Problems -- Part 2. Derivative Securities for Financial Risk Management -- 5. Currency Futures and Futures Markets -- 5.1. Financial Futures Exchanges -- 5.2. The Operation of Futures Markets -- 5.3. Futures Contracts -- 5.4. Forward versus Futures Market Hedges |
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5.5. Futures Hedges Using Cross-Exchange Rates -- 5.6. Hedging with Currency Futures -- 5.7. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- 6. Currency Options and Options Markets -- 6.1. What Is an Option -- 6.2. Option Payoff Profiles -- 6.3. Currency Option Values Prior to Expiration -- 6.4. Hedging with Currency Options -- 6.5. Exchange Rate Volatility Revisited (Advanced) -- 6.6. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- Appendix 6. A: Currency Option Valuation -- Key Terms -- Problems -- Suggested Readings -- 7. Currency Swaps and Swaps Markets |
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7.1. The Growth of the Swaps Market -- 7.2. Swaps as Portfolios of Forward Contracts -- 7.3. Currency Swaps -- 7.4. Interest Rate Swaps -- 7.5. Other Types of Swaps -- 7.6. Hedging the Swap Bank's Exposure to Financial Price Risk -- 7.7. Summary -- Key Terms -- Conceptual Questions -- Problems -- Suggested Readings -- Part 3. Managing the Risks of Multinational Operations -- 8. Multinational Treasury Management -- 8.1. Determining Financial Goals and Strategies -- 8.2. Managing the Corporation's International Trade -- 8.3. Financing the Corporation's International Trade -- 8.4. Managing the Multinational Corporation's Cash Flows |
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8.5. Currency Risk Management in the Multinational Corporation |
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Part 1. The International Financial Environment -- 1. An Introduction to Multinational Finance -- 1.1. The Goals of the Multinational Corporation -- 1.2. The Challenges of Multinational Operations -- 1.3. The Opportunities of Multinational Operations -- 1.4. Financial Management of the Multinational Corporation -- 1.5. Summary -- Key Terms -- Conceptual Questions -- 2. World Trade and the International Monetary System -- 2.1. Integration of the World's Markets -- 2.2. Balance-of-Payments Statistics -- 2.3. Exchange Rate Systems |
| Summary |
"Multinational Finance, Fifth Edition assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country. This book provides a framework for evaluating the many opportunities, costs, and risks of multinational operations in a manner that allows readers to see beyond the math and terminology surrounding this field to realize the general principles of multinational financial management. Logically organized and written in a clear, non-technical style, this book includes information on international finance topics such as foreign exchange, currency and derivatives markets, currency risk (transaction, operating, and translation) management, country risk, international taxation, capital structure, cost of capital, and international portfolio diversification. It also offers unique chapters on multinational treasury management, the rationale for hedging currency risks, options on real assets, international corporate governance, asset pricing, and portfolio management"--Provided by publisher |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record and CIP data provided by publisher |
| Subject |
International business enterprises -- Finance
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Foreign exchange.
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International finance.
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BUSINESS & ECONOMICS -- Finance.
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Foreign exchange
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International business enterprises -- Finance
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International finance
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| Form |
Electronic book
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| LC no. |
2012008598 |
| ISBN |
9781118282762 |
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1118282760 |
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9781118284865 |
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1118284860 |
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9781118285169 |
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1118285166 |
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9781119203438 |
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1119203430 |
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9781283592574 |
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1283592576 |
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