Synopses & Reviews
This book 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 coverage of international financial management. This book is known for its readability and clear explanations, as well as its extensive use of hands-on, real-world applications and reader-oriented pedagogy.
Synopsis
INTERNATIONAL FINANCIAL MANAGEMENT strives to build on the foundation of corporate finance. Recognizing that multinational corporations continue to globally expand, this text first provides a background on the international environment and then focuses on the managerial aspects from a corporate perspective. This book gives you the tools to understand the international financial environment so that you can manage within it.
About the Author
Jeff Madura is presently the SunTrust Bank Professor of Finance at Florida Atlantic University. He has written several textbooks, including Financial Markets and Institutions. His research on internation finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis, Journal of Money, Credit and Banking, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Financial Research, Financial Review, Journal of Multinational Financial Management, and Global Finance Journal. He has received awards for excellence in teaching and research, and has served as a consultant for international banks, securities firms, and other multi-national corporations. He has served as a director for the Southern Finance Association and Eastern Finance Association, and also served as president of the Southern Finance Association.
Table of Contents
PART 1. THE INTERNATIONAL FINANCIAL ENVIRONMENT. 1. Multinational Financial Management: An Overview. 2. International Flow of Funds. 3. International Financial Markets. Appendix 3. Investing in International Financial Markets. 4. Exchange Rate Determination. 5. Currency Derivatives. Appendix 5. Currency Option Pricing. PART 2. EXCHANGE RATE BEHAVIOR. 6. Government Influence on Exchange Rates. Appendix 6. Government Intervention on the Asian Crisis. 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. Appendix 10. Estimating the Variability of a Currency Portfolio. 11. Managing Transaction Exposure. 12. Managing Economic Exposure and Translation Exposure. Integrative Problem for Part III. PART 4. LONG-TERM ASSET AND LIABILITY MANAGEMENT. 13. Direct Foreign Investment. 14. Multinational Capital budgeting. Appendix 14A. Incorporating International Tax Laws in Multinational Capital Budgeting. 15. Multinational Restructuring. 16. Country Risk Analysis. 17. Multinational Cost of Capital and Capital Structure. Appendix 17. The Capital Structure Puzzle for Multinational Corporations. 18. Long-Term Financing. Integrative Problem for Part IV. PART 5. SHORT-TERM ASSET AND LIABILITY MANAGEMENT. 19. Financing International Trade. 20. Short-Term Financing. 21.International Cash Management. Appendix 21. Investing in a Portfolio of Currencies. Integrative Problem for Part V.