International Financial Management combines the fundamental concepts of international
finance with solid practical applications. This combination has made it the book of choice
at a variety of institutions, including top business schools such as Wharton, Stanford,
Northwestern, and INSEAD. Neither superficial nor overly theoretical, Eun and Resnick's
approach offers a conceptually solid, treatment of international financial topics that
puts students on the right track to becoming effective global financial managers.
Cheol Eun
Cheol S. Eun (Ph.D., NYU, 1981) is a professor of finance and currently holds the Thomas
R. Williams Chair in International Finance at Georgia Institute of Technology. Before
joining Georgia Tech, he taught at Kent State University, University of Minnesota, and the
University of Maryland, and at the Wharton School of the University of Pennsylvania. He
has published extensively on international finance issues in such major journals as the
Journal of Finance, JFQA, Journal of Banking and Finance, Journal of Portfolio Management,
Management Science, and Oxford Economic Papers. Currently he is an associate editor of the
Journal of Banking and Finance, Global Finance Journal, European Financial Management.
Professor Eun has taught a variety of courses at the undergraduate, graduate, and
executive levels and was the winner of the Krowe Teaching Excellence Award at the
University of Maryland and has served as a consultant to many national and international
organizations.
Bruce Resnick
Bruce G. Resnick (D.B.A. Indiana, 1979) is a professor of management at the Babcock
Graduate School of Management of Wake Forest University. Prior to coming to the Babcock
School, he taught at Indiana University for ten years, the University of Minnesota for
five years, and California State University for two years. Professor Resnick has also
taught as a visiting professor at Bond University, Gold Coast, Queensland, Australia, and
at the Helsinki School of Economics and Business Administration. Like Professor Eun, he
has had research articles published in the most prestigious academic journals, and he has
served as a consultant to a number of nonprofit and for-profit organizations in the
selection of investment managers for organizational funds
Table of Contents
PART ONE Foundations of International Financial Management
Globalization and the Multinational Firm
International Monetary System
Balance of Payments
Corporate Governance around the World
PART TWO The Foreign Exchange Market, Exchange Rate Determination, and
Currency Derivatives
The Market for Foreign Exchange
International Parity Relationships and Forecasting Foreign Exchange Rates
Futures and Options on Foreign Exchange
PART THREE Foreign Exchange Exposure and Management
Management of Transaction Exposure
Management of Economic Exposure
Management of Translation Exposure
PART FOUR World Financial Markets and Institutions
International Banking and Money Market
International Bond Market
International Equity Markets
Interest Rate and Currency Swaps
International Portfolio Investment
PART FIVE Financial Management of the Multinational Firm
Foreign Direct Investment and Cross-Border Acquisitions
International Capital Structure and the Cost of Capital
International Capital Budgeting
Multinational Cash Management
International Trade Finance
International Tax Environment
Glossary
Index
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