Multinational finance : evaluating opportunities, costs, and risks of multinational operations / Kirt C. Butler.
"Deep coverage and rigorous examination of international corporate finance Multinational Finance offers an advanced exploration of international corporate finance concepts and operations. Despite its status as one of the most rigorous texts on the topic, this book remains accessible and readabl...
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Full Text (via O'Reilly/Safari) |
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| Format: | eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey :
John Wiley & Sons, Inc.,
[2016]
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| Edition: | Sixth edition. |
| Subjects: |
Table of Contents:
- Series Page; Title Page; Copyright; Table of Contents; Preface; Key Features; Learning Aids for Students; Supplements for Instructors; Acknowledgments; About the Author; Part One: The International Financial Environment; Chapter 1: An Introduction to Multinational Finance; 1.1 The Goals of the Multinational Corporation; 1.2 The Challenges of Multinational Operations; 1.3 The Opportunities of Multinational Operations; 1.4 Financial Management of the Multinational Corporation; 1.5 Summary; Key Terms; Conceptual Questions; Chapter 2: World Trade and the International Monetary System.
- 2.1 Integration of the World's Markets2.2 Balance-of-Payments Statistics; 2.3 Exchange Rate Systems; 2.4 A Brief History of the International Monetary System; 2.5 Summary; Key Terms; Conceptual Questions; Problems; Chapter 3: Foreign Exchange and Eurocurrency Markets; 3.1 Characteristics of Financial Markets; 3.2 The Eurocurrency Market; 3.3 The Foreign Exchange Market; 3.4 Foreign Exchange Rates and Quotations; 3.5 Hedging with Currency Forwards; 3.6 The Empirical Behavior of Exchange Rates; 3.7 Summary; Key Terms; Conceptual Questions; Problems.
- Chapter 4: The International Parity Conditions and Their Consequences4.1 The Law of One Price; 4.2 Exchange Rate Equilibrium; 4.3 Covered Interest Arbitrage and Interest Rate Parity; 4.4 Less Reliable International Parity Conditions; 4.5 The Real Exchange Rate; 4.6 Exchange Rate Forecasting; 4.7 Summary; Key Terms; Conceptual Questions; Problems; Further Reading; Appendix 4A: Continuous Compounding; Continuously Compounded Rates of Return; International Parity Conditions in Continuously Compounded Returns; Real Exchange Rates in Continuously Compounded Returns; Summary; Problems.
- Part Two: Derivative Securities for Financial Risk ManagementChapter 5: Currency Futures and Futures Markets; 5.1 The Evolution of Futures Markets; 5.2 Futures Contracts; 5.3 Forward versus Futures Market Hedges; 5.4 Hedging with Currency Futures; 5.5 Summary; Key Terms; Conceptual Questions; Problems; Chapter 6: Currency Options and Options Markets; 6.1 What Is an Option?; 6.2 Option Payoff Profiles; 6.3 Currency Option Values Prior to Expiration; 6.4 Hedging with Currency Options; 6.5 Exchange Rate Volatility Revisited; 6.6 Summary; Key Terms; Conceptual Questions; Problems; Further Reading.
- Appendix 6A: Currency Option ValuationThe Black-Scholes option pricing model; A currency option pricing model; Key Terms; Problems; Further Reading; Chapter 7: Currency Swaps and Swaps Markets; 7.1 The Growth of the Swaps Market; 7.2 Swaps as Portfolios of Forward Contracts; 7.3 Currency Swaps; 7.4 Interest Rate Swaps; 7.5 Other Types of Swaps; 7.6 Hedging the Swap Bank's Exposure to Financial Price Risk; 7.7 Summary; Key Terms; Conceptual Questions; Problems; Advanced; Part Three: Managing the Risks of Multinational Operations; Chapter 8: Multinational Treasury Management.