Multinational Finance

Summary

Multinational Finance offers a comprehensive description of the theory and practice of multinational financial management.
For the fourth edition, both the content and number of chapters have been expanded and updated to reflect the fast-paced changes which have taken place in the field of financial management over the last few years. New chapters on corporate finance around the world, practicalities of international capital budgeting, options (including the option pricing table), cash management and the euro have been added. In addition, coverage of exchange rates, risk and international investment has been substantially expanded.
Multinational Finance is recommended for undergraduate, MBA and other postgraduate courses in international financial management.

Author Biography

Dr. Adrian Buckley is Professor of International Finance at Cranfield School of Management, Cranfield University and a Visiting Professor at the Free University, Amsterdam.

Preface and acknowledgements
Essential background
Introduction
The international monetary system
Corporate finance around the world
Foreign exchange
Exchange rates: the basic equations
Foreign exchange markets
The balance of payments
Theories and empiricism on exchange rate movements
Definitions of foreign exchange risk
Financial accounting and foreign exchange
Hedging
Does foreign exchange exposure matter?
Principles of exposure management
Internal techniques of exposure management
External techniques of exposure management
Derivatives
Swaps
Financial futures and foreign exchange
Options
Currecy options
Interest rate risk
Financial engineering
International capital budgeting
The internalization process
Exchange controls and corporate tax in international investment
The international capital budgeting framework
The international capital budgeting model
International investment: what discount rate?
Political risk
International capital budgeting: the practicalities
International financing
International debt instruments
Financing the multinational and its overseas subsidiaries
Cash management
Project finance
Financing international trade and minimizing credit risk
Miscellaneous
EMU and the Euro revisited
Miscellaneous issues in multinational finance
Exercises
Multiple-choice questions
Suggested answers to selected exercises
Solutions to multiple-choice questions
Present value of $1
Present value of $1 received annually for n years
Table of areas under normal curve
Black and Scholes value of call option expressed as a percentage of the share price
Present value of $1 with a continuous discount rate, r , for T periods
Values of e-rt
Glossary
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

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