With tariff disputes, ethical concerns and digital currencies dominating the news, international finance continues to engage national debate. As globalization expands, organizations must not only manage the advantages that ensue but also their exposure to risk.
Now in its sixth edition, International Financial Management offers students a comprehensive introduction to this fast-moving field.
Up-to-date real-world examples, critical debate questions and project workshop activities equip students with the essential knowledge they need to succeed in international finance.
This textbook is suitable for final-year undergraduate as well as master's level courses in international financial management.
This title is available with MindTap, a flexible online learning solution that provides your students with all the tools they need to succeed, including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids and analytics to help you track their progress.
Part I. The international financial environment
1. Multinational financial management: an overview
2. International trade, measurement and theories
3. International financial markets and portfolio investment
4. Ethics
Part II. Exchange rate behaviour
5. Exchange rate changes
6. Exchange rate history and the role of governments
7. Forecasting exchange rates
8. International arbitrage and covered interest rate parity
9. Relationships between inflation, interest rates and exchange rates
Part III. Exchange rate risk management
10. Measuring exposure to exchange rate fluctuations
11. Market insurance: currency derivatives
12. Non-market methods of transaction management
13. Economic and translation exposure management
Part IV. Long-term asset and liability management
14. Foreign direct investment
15. Country risk analysis
16. Long-term financing
Part V. Short-term asset and liability management
17. Financing international trade
18. Short-term financing
19. International cash management
20. Concluding comments
Appendix A: Answers to self-test questions
Appendix B: Maths and statistics support
Online additional reading
1. Multinational restructuring
2. Multinational cost of capital and capital structure
3. Multinational capital budgeting
