Combining a strong foundation in international finance theory with current, practical applications, this text provides thorough, up-to-date treatment of cutting-edge international finance issues along with traditional treatment of international financial management.



International Financial Management, 7e combines a strong foundation in international finance theory with current, practical applications. It provides thorough, up-to-date treatment of cutting-edge international finance issues along with traditional treatment of international financial management. This book is known for its readability and clear explanation as well as its extensive use of hands-on, real world applications and student-oriented pedagogy.



Table of Contents

PART 1: THE INTERNATIONAL FINANCIAL ENVIRONMENT 1. Multinational Financial Management: An Overview 2. International Flow of Funds 3. International Financial Markets 4. Exchange Rate Determination 5. Currency Derivatives PART 2 EXCHANGE RATE BEHAVIOR 6. Government Influence on Exchange Rates 7. International Arbitrage and Interest Rate Parity 8. Relationships between Inflation, Interest Rates, and Exchange Rates PART 3: EXCHANGE RATE RISK MANAGEMENT 9. Forecasting Exchange Rates 10. Measuring Exposure to Exchange Rate Fluctuations 11. Managing Transaction Exposure 12. Managing Economic Exposure and Translation Exposure PART 4: LONG-TERM ASSET AND LIABILITY MANAGEMENT 13. Direct Foreign Investment 14. Multinational Capital Budgeting 15. Multinational Restructuring 16. Country Risk Analysis 17. Multinational Cost of Capital and Capital Structure 18 Long-Term Financing PART 5: SHORT-TERM ASSET AND LIABILITY MANAGEMENT 19 Financing International Trade 20. Short-Term Financing 21. International Cash Management





About the Author

Jeff Madura is the SunTrust Bank Professor of Finance at Florida Atlantic University. He has written several textbooks, including International Financial Management and Financial Markets and Institutions. His research on topics of banking and financial markets has been published in numerous journals, including Journal of Financial and Quantitative Analysis, Journal of Money, Credit and Banking, Journal of Banking and Finance, Applied Financial Economics, Journal of Risk and Insurance, Journal of Financial Research and Journal of Financial Services Research. He has received awards for excellence in teaching and research, and has served as a consultant for commercial banks, securities firms, and other corporations. He has served as a Director for the Southern Finance Association and Eastern Finance Association, and served as President of the Southern Finance Association.



Included Student CD-ROM