Environment of International Financial Management | |
Introduction: Multinational Enterprise and Multinational Financial Management | |
The Rise of the Multinational Corporation | |
The Internationalization of Business and Finance | |
Multinational Financial Management: Theory and Practice | |
Outline of the Book | |
The Origins and Consequences of International Trade | |
The Determination Of Exchange Rates | |
Setting the Equilibrium Spot Exchange Rate | |
Expectations and the Asset Market Model of Exchange Rates | |
The Fundamentals of Central Bank Intervention | |
The Equilibrium Approach to Exchange Rates | |
Summary and Conclusions | |
The International Monetary System | |
Alternative Exchange Rate Systems | |
A Brief History of the International Monetary System | |
The European Monetary System and Monetary Union | |
Emerging Market Currency Crises | |
Summary and Conclusions | |
Parity Conditions in International Finance and Currency Forecasting | |
Arbitrage and the Law of One Price | |
Purchasing Power Parity | |
The Fisher Effect | |
The International Fisher Effect | |
Empirical Evidence | |
Interest Rate Parity Theory | |
The Relationship Between the Forward Rate and the Future Spot Rate | |
Currency Forecasting | |
Summary and Conclusions | |
The Balance of Payments and International Economic Linkages | |
Balance-of-Payments Categories | |
The International Flow of Goods, Services, and Capital | |
Coping with the Current-Account Deficit | |
Summary and Conclusions | |
Country Risk Analysis | |
Measuring Political Risk | |
Economic and Political Factors Underlying Country Risk | |
Country Risk Analysis in International Banking | |
Summary and Conclusions | |
Foreign Exchange and Derivatives Markets | |
The Foreign Exchange Market | |
Organization of the Foreign Exchange Market | |
The Spot Market | |
The Forward Market | |
Summary and Conclusions | |
Currency Futures and Options Markets | |
Futures Contracts | |
Currency Options | |
Reading Currency Futures and Options Prices | |
Summary and Conclusions | |
Option Pricing Using Black-Scholes | |
Put-Call Option Interest Rate Parity | |
Swaps and Interest Rate Derivatives | |
Interest Rate and Currency Swaps | |
Interest Rate Forwards and Futures | |
Structured Notes | |
Summary and Conclusions | |
Foreign Exchange Risk Management | |
Measuring and Managing Translation and Transaction Exposure | |
Alternative Measures of Foreign Exchange Exposure | |
Alternative Currency Translation Methods | |
Transaction Exposure | |
Designing a Hedging Strategy | |
Managing Translation Exposure | |
Managing Transaction Exposure | |
Summary and Conclusions | |
Measuring and Managing Economic Exposure | |
Foreign Exchange Risk and Economic Exposure | |
The Economic Consequences of Exchange Rate Changes | |
Identifying Economic Exposure | |
Calculating Economic Exposure | |
An Operational Measure of Exchange Risk | |
Managing Operating Exposure | |
Summary and Conclusions | |
Financing the Multinational Corporation | |
Chapt<$$$> | |
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