International Financial
Management
DESCRIPTION
The overriding objective of
Eun and Resnick's International Financial Management, 3e is to teach students how to be
effective global financial managers. The text covers the fundamentals of the macroeconomic
environment of international financial management, discusses the financial environment in
which the multinational firm and its managers must function, and covers foreign exchange
management and financial management in a multinational firm.
KEY FEATURES
All text examples and
exhibits involving former European Union national currencies have been rewritten to
reflect the new common Euro currency.
Internet relevance has been
added to this book with URLs in the margin where appropriate, Internet problems at the end
of each chapter, and Internet examples within the chapter where appropriate.
A new chapter, chapter 21,
has been added on the topic of Corporate Governance, a recent "hot topic" in finance.
Certified Financial Analyst
(CFA) questions have been added to the end of chapter material where appropriate.
There are now mini cases at
the end of each chapter which help students apply knowledge to the real world.
Key content improvements
include a thorough updating of all data: Chapter 3 - more coverage relating to balance
of payment accounts and demand and supply of foreign currencies; Chapter 5 - more
examples on international parity relationships; Chapter 6 -A new section detailing the
Japanese banking crisis as well as an updated section on bank capital adequacy reflecting
the New Basle Accord; Chapter 8- A new section on Global Registered Shares. There is also
a thorough revision of The European Stock Market section; Chapter 12 - clearer coverage
of management of economic exposure terms; Chapter 15 - contains coverage of cross-border
Mergers and Acquisitions.
Thorough coverage of
financial markets and financial management with the markets coverage presented early in
the text - setting this text apart from the competition.
The text maintains its
management focus and theoretical rigor, which means it fits well in elective and advanced
undergraduate and graduate courses.
Chapter and sections are
modular in nature, facilitating coverage of parts in different order to suit the needs of
the adopter.
Supplemental topics, which
can be skipped without loss of continuity, are clearly marked within the text. Selected
end-of-chapter problems (set off by an icon) are keyed to this advanced material. However,
much of the material has been streamlined into the main text to provide a more refined
presentation of the related topics.
"International Finance in
Practice" boxes from the popular press and actual companies show how the concepts being
discussed are used in the real world.
Each chapter contains
several numerical examples to more clearly explicate a concept.
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registration page to enter address info and set up their print and online subscription,
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15-week period. Passcode ISBN 007-251950-9.
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CONTENTS
Part One: Foundations of
International Financial Management
CHAPTER 1: Globalization and
the Multinational Firm
CHAPTER 2: International
Monetary System
CHAPTER 3: Balance of
Payments
CHAPTER 4: The Market for
Foreign Exchange
CHAPTER 5: International
Parity Relationships and Forecasting Foreign Exchange Rates
Part Two: World Financial
Markets and Institutions
CHAPTER 6: International
Banking and Money Market
CHAPTER 7: International Bond
Market
CHAPTER 8: International
Equity Markets
CHAPTER 9: Futures and
Options on Foreign Exchange
CHAPTER 10: Currency and
Interest Rate Swaps
CHAPTER 11: International
Portfolio Investments
Part Three: Foreign Exchange
Exposure and Management
CHAPTER 12: Management of
Economic Exposure
CHAPTER 13: Management of
Transaction Exposure
CHAPTER 14: Management of
Translation Exposure
Part Four: Financial
Management of the Multinational Firm
CHAPTER 15: Foreign Direct
Investment
CHAPTER 16: International
Capital Structure and the Cost of Capital
CHAPTER 17: International
Capital Budgeting
CHAPTER 18: Multinational
Cash Management
CHAPTER 19: Exports and
Imports
CHAPTER 20: International Tax
Environment
CHAPTER 21: Corporate
Governance Around the World
521 PAGES