Multinational financial management

Shapiro, Alan C.

Multinational financial management / Alan C. Shapiro. - Seventh edition. - New York, NY : John Wiley & Sons, 2003. - xvi, 743 pages : illustrations (color) ; 24 cm.

Includes bibliographical references and index.

Preface — Pt. 1. Environment of international financial management — 1. Introduction: multinational enterprise and multinational financial management — 2. The determination of exchange rates — 3. The international monetary system — 4. Parity conditions in international finance and currency forecasting — 5. The balance of payments and international economic linkages — 6. Country risk analysis — Pt. 2. Foreign exchange and derivatives markets — 7. The foreign exchange market — 8. Currency futures and options markets — 9. Swap and interest rate derivatives — Pt. 3. Foreign exchange risk management — 10. Measuring and managing translation and transaction exposure — 11. Measuring and managing economic exposure — Pt. 4. Financing the multinational corporation — 12. International financing and national capital markets — 13. The Euromarkets — 14. The cost of capital for foreign investments — Pt. 5. Foreign investment analysis — 15. International portfolio investment — 16. Corporate strategy and foreign direct investment — 17. Capital budgeting for the multinational corporation — Pt. 6. Multinational working capital management — 18. Financing foreign trade — 19. Current asset management and short-term financing — 20. Managing the multinational financial system — Glossary of keywords and terms in international finance — Index.

Multinational Financial Management presents a comprehensive discussion of the foreign exchange market. Discusses the key parity conditions in international finance that relate interest rates, exchange rates, and inflation rates, and the underlying arbitrage considerations that determine them-along with numerous real-world applications. Presents distinctions between real and nominal exchange rates and between accounting and economic exposure and their significance for exchange risk management.

9780471395300


International business enterprises --Finance

HG4027.5 / .S47 2003

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