International Financial Management provides a strong foundation for students' fisrt encounter with the subject of international finance. It combines the fundamenatls of international financial theory with current, practical applications and provides thorough, up-to-date treatment of cutting-edge issues along with traditional treatment of international financial management. Although it presumes an understanding of basic corporate finance, this book is renowned for its readability and clear explanation as well as its extensive use of handson, real-world applications and student-oriented pedagogy. It is suitable for both final-year undergraduate and master's level courses.



Table of Contents:

Part I. 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 among 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. Foreign direct 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 libility management

19. Financing international trade

20. Short-term financing

21. International cash management

22. Concluding comments