Overview of Multinational Financial Management, 9ed Book

The ninth edition provides corporate managers with a conceptual framework within which the key financial decisions of the multinational firm can be analyzed. It contains new charts and illustrations of corporate practice that are designed to highlight specific techniques. New questions and problems have been added at the end of various chapters, most of which are based on up-to-date and real-life situations. Numerous real-world examples and vignettes provide actual applications of financial concepts and theories. Seven longer illustrations of actual company practices appear at the end of key chapters to demonstrate different aspects of international financial management. Corporate managers will also benefit from the mini cases in each chapter that illustrate important concepts. Special Features ?ú Includes new questions and problems at the end of various chapters, most of which are based on up-to-date and real-life situations ?ú Presents numerous real-world examples and vignettes that provide actual applications of financial concepts and theories ?ú Demonstrates different aspects of international financial management with the help of seven longer illustrations of actual company practices that appear at the end of key chapters ?ú Integrates mini cases in each chapter that briefly present a situation to illustrate an important concept ?ú Incorporates numerous short illustrations and examples of specific concepts and techniques Table of Content Part I: Environment of International Financial Management. Chapter 1: Introduction: Multinational Enterprise and Multinational Financial Management. 1.1 The Rise of the Multinational Corporation. 1.2 The Internationalization of Business and Finance. 1.3 Multinational Financial Management: Theory and Practice. 1.4 Outline of the Book. Appendix 1A: The Origins and Consequences of International Trade. Chapter 2: The Determination of Exchange Rates. 2.1 Setting the Equilibrium Spot Exchange Rate. 2.2 Expectations and the Asset Market Model of Exchange Rates. 2.3 The Fundamentals of Central Bank Intervention. 2.4 The Equilibrium Approach to Exchange Rates. 2.5 Summary and Conclusions. Chapter 3: The International Monetary System. 3.1 Alternative Exchange Rate Systems. 3.2 A Brief History of the International Monetary System. 3.3 The European Monetary System and Monetary Union. 3.4 Emerging Market Currency Crises. 3.5 Summary and Conclusions. Chapter 4: Parity Conditions in International Finance and Currency Forecasting. 4.1 Arbitrage and the Law of One Price. 4.2 Purchasing Power Parity. 4.3 The Fisher Effect. 4.4 The International Fisher Effect. Empirical Evidence. 4.5 Interest Rate Parity Theory. 4.6 The Relationship between the Forward Rate and the Future Spot Rate. 4.7 Currency Forecasting. 4.8 Summary and Conclusions. Chapter 5: The Balance of Payments and International Economic Linkages. 5.1 Balance-of-Payments Categories. 5.2 The International Flow of Goods, Services and Capital. 5.3 Coping with the Current-Account Deficit. 5.4 Summary and Conclusions. Chapter 6: Country Risk Analysis. 6.1 Measuring Political Risk. 6.2 Economic and Political Factors Underlying Country Risk. 6.3 Country Risk Analysis in International Banking. 6.4 Summary and Conclusions. Part II: Foreign Exchange and Derivatives Markets. Chapter 7: The Foreign Exchange Market. 7.1 Organization of the Foreign Exchange Market. 7.2 The Spot Market. 7.3 The Forward Market. 7.4 Summary and Conclusions. Chapter 8: Currency Futures and Options Markets. 8.1 Futures Contracts. 8.2 Currency Options. 8.3 Reading Currency Futures and Options Prices. 8.4 Summary and Conclusions. Appendix 8A: Option Pricing Using Black-Scholes. Appendix 8B: Put-Call Option Interest Rate Parity. Chapter 9: Swaps and Interest Rate Derivatives. 9.1 Interest Rate and Currency Swaps. 9.2 Interest Rate Forwards and Futures. 9.3 Structured