The Scholomance

International Financial Management provides students with a foundation for analysis through a text that is well-organized, comprehensive, and provides up-to-date coverage of the topics. Like the first eight editions, it is written based on two tenets: emphasis on the basics and emphasis on a managerial perspective. The scope and content of international finance have been fast evolving due to cycles of deregulations and regulations of financial markets, product innovations, and technological advancements. As capital markets of the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making. Reflecting the growing importance of international finance as a discipline, we have seen a sharp increase in the demand for experts in the area in both the corporate and academic worlds. International Financial Management discussion is written so that a self-contained treatment of each subject is presented in a user-friendly fashion. The text is intended for use at both the advanced undergraduate and MBA levels. Cover 1 Halftitle 3 The McGraw-Hill Education Series in Finance, Insurance, and Real Estate 4 Title 7 Copyright 9 Dedication 11 About the Authors 12 Preface 15 Key Features 19 Connect 23 Ancillary Materials 27 Contents in Brief 30 Contents 32 PART ONE Foundations of International Financial Management 39 CHAPTER 1 Globalization and the Multinational Firm 41 CHAPTER 2 International Monetary System 76 CHAPTER 3 Balance of Payments 127 CHAPTER 4 Corporate Governance Around the World 160 PART TWO The Foreign Exchange Market, Exchange Rate Determination, and Currency Derivatives 202 CHAPTER 5 The Market for Foreign Exchange 204 CHAPTER 6 International Parity Relationships and Forecasting Foreign Exchange Rates 253 CHAPTER 7 Futures and Options on Foreign Exchange 301 PART THREE Foreign Exchange Exposure and Management 338 CHAPTER 8 Management of Transaction Exposure 340 CHAPTER 9 Management of Economic Exposure 380 CHAPTER 10 Management of Translation Exposure 408 PART FOUR World Financial Markets and Institutions 435 CHAPTER 11 International Banking and Money Market 437 CHAPTER 12 International Bond Market 493 CHAPTER 13 International Equity Markets, 339 522 CHAPTER 14 Interest Rate and Currency Swaps 562 CHAPTER 15 International Portfolio Investment 593 PART FIVE Financial Management of the Multinational Firm 635 CHAPTER 16 Foreign Direct ­Investment and ­Cross-Border Acquisitions 637 CHAPTER 17 International Capital Structure and the Cost of Capital 676 CHAPTER 18 International Capital Budgeting 714 CHAPTER 19 Multinational Cash Management 742 CHAPTER 20 International Trade Finance 761 CHAPTER 21 International Tax Environment and Transfer Pricing 780 Glossary 817 Index 827 "The scope and content of international finance have been fast evolving due to deregulation of financial markets, product innovations, and technological advancements. As capital markets of the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making. Reflecting the growing importance of international finance as a discipline, we have seen a sharp increase in the demand for experts in the area in both the corporate and academic worlds.In writing International Financial Management, ninth Edition, our goal was to provide well-organized, comprehensive, and up-to-date coverage of the topics that take advantage of our many years of teaching and research in this area. We hope the text is challenging to students. This does not mean that it lacks readability. The text discussion is written so that a self-contained treatment of each subject is presented in a user-friendly fashion. The text is intended for use at both the advanced undergraduate and M.B.A. levels"-- Provided by publisher __International Financial Management____International Financial Management__