Multinational Financial Management, 6th Edition

by Alan C. Shapiro

• ISBN13: 9780130101426
• ISBN10: 0130101427
• Format: Hardcover
• Copyright: 1999-01-01
• Publisher: Wiley

Summary

* Integrates economic and political factors underlying exchange rate determination. * Uses the balance-of-payments framework to assess economic links among nations. * Presents a comprehensive discussion of the foreign exchange market. * Discusses the key parity conditions in international finance that relate interest rates, exchange rates, and inflation rates, and the underlying arbitrage considerations that determine them-along with numerous real-world applications. * Presents distinctions between real and nominal exchange rates and between accounting and economic exposure and their significance for exchange risk management. * Provides a comprehensive discussion of the mechanisms multinational firms use to manage interaffiliate fund flows on a global basis. * Presents the underpinnings of financial markets and the implications for international capital flows. * Presents specialized financing and risk management techniques. * Discusses the assessment of the cost of capital for foreign investments. * Discusses the nature and consequences of international portfolio investment, including emerging market investments. * Presents the development of global strategies of multinational corporations. * Provides the means for analyzing foreign investments. * Covers political risk measurement and management. * Includes a number of distinctive pedagogical features including real-world examples, vignettes, illustrations, and hundreds of realistic end-of-chapter questions and problems.

Table of Contents

Preface

Environment Of International Financial Management

Introduction: Multinational Enterprise and Multinational Financial Management

The Determination of Exchange Rates

The International Monetary System

Parity Conditions in International Finance and Currency Forecasting

The Balance of Payments and International Economic Linkages

Country Risk Analysis

Foreign Exchange And Derivatives Markets

The Foreign Exchange Market

Currency Futures and Options Markets

Swap and Interest Rate Derivatives

Foreign Exchange Risk Management

Measuring and Managing Translation and Transaction Exposure

Measuring and Managing Economic Exposure

Financing The Multinational Corporation

International Financing and National Capital Markets

The Euromarkets

The Cost of Capital for Foreign Investments

Foreign Investment Analysis

International Portfolio Investment

Corporate Strategy and Foreign Direct Investment

Capital Budgeting for the Multinational Corporation

Multinational Working Capital Management

Financing Foreign Trade

Current Asset Management and Short-Term Financing

Managing the Multinational Financial System

Glossary of Key Words and Terms in International Finance

Index

Table of Contents provided by Publisher. All Rights Reserved.