Description
Book SynopsisThis impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years.
Trade Review`.. will prove useful to all students of economics, finance and business management.' - Banking World
Table of Contents1. The World of International Finance Part I: The Markets for Foreign Exchange 2. An Introduction to Exchange Rates 3. Forward Exchange 4. Currency Futures and Options Markets Part 2: Determination of Exchange Rates 5. The Balance-of-Payments Accounts 6. Supply-and-Demand View of Exchange Rates 7. Modern Theories of Exchange Rates 8. Alternative Systems of Exchange Rates 9. The International Financial System: Past, Present and Future Part 3: The Fundamental International Parity Conditions 10. The Purchasing-Power Parity Principle 11. Interest Parity Part 4: Managing Foreign Exchange Risk and Exposure 12. Foreign Exchange Exposure and Risk 13. Accounting Exposure versus Real Exposure 14. Operating Exposure 15. Hedging Risk and Exposure 16. Speculation, Market Efficiency and Forecasting Part 5: International Investment and Financing 17. Cash Management 18. Portfolio Investment 19. Capital Budgeting for Direct Foreign Investment 20. The Growth and Concerns about Multinationals 21. International Financing Part 6: Institutional Structure of International Trade and Finance 22. Multinational Banking 23. Instruments and Institutions of International Trade
