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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