International Financial Management

International Financial Management

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Geert Bekaert, Robert Hodrick
Cambridge University Press
Edition: 3, 11/30/2017
EAN 9781107111820, ISBN10: 110711182X

Hardcover, 1046 pages, 25.4 x 20.3 x 5.4 cm
Language: English

This new and fully updated edition of International Financial Management blends theory, data analysis, examples and practical case situations to equip students and business leaders with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Combining theory and practice, the authors offer the reader a multitude of real-world examples and case studies, emphasising fundamental concepts, principles and analytical theories to enable students to understand not only what to do when confronted with an international financial decision, but why that choice is the correct one. Features include: real data analysis - all fully updated for the third edition; extended cases illustrating practical application of theory; point-counterpoints offering insight into contentious issues; concept boxes that explore and illustrate key concepts; and end-of-chapter questions. Suitable for M.B.A and advanced undergraduate business students taking a course in international financial management or international finance.

1. Globalization and the multinational corporation
Part I. Introduction to Foreign Exchange Markets and Risks
2. The foreign exchange market
3. Forward markets and transaction exchange risk
4. The balance of payments
5. Exchange rate systems
Part II. International Parity Conditions and Exchange Rate Determination
6. Interest rate parity
7. Speculation and risk in the foreign exchange market
8. Purchasing power parity and real exchange rates
9. Measuring and managing real exchange risk
10. Exchange rate determination and forecasting
Part III. International Capital Markets
11. International debt financing
12. International equity financing
13. International capital market equilibrium
14. Country and political risk
Part IV. International Corporate Finance
15. International capital budgeting
16. Additional topics in international capital budgeting
17. Risk management and the foreign currency hedging decision
Part V. Managing Ongoing Operations
18. Financing international trade
19. Managing net working capital
Part VI. Foreign Currency Derivatives
20. Foreign currency futures and options
21. Interest rate and foreign currency swaps