Authors: Maurice D. Levi
ISBN-13: 9780415774598, ISBN-10: 0415774594
Format: Paperback
Publisher: Taylor & Francis, Inc.
Date Published: May 2009
Edition: 1st Edition
Maurice D. Levi is Bank of Montreal Professor of International Finance in the Sauder School of Business at the University of British Columbia, Canada.
The fifth edition of Maurice D. Levi’s classic textbook has been updated to incorporate the massive changes in the world of international finance of the past few years. In particular, the emergence of new markets is given broad coverage – particularly the rise to financial prominence of China and India and other growth economies in Asia and elsewhere. Key features of the book include:
The material is interlaced with a wealth of supplementary material including real world case studies, review questions, examples and objectives. The result is the most authoritative survey of international finance currently available.
Thoroughly updated and with a large amount of new information, this text will prove an indispensable guide to the inner workings of international finance to students of economics and business as well as professionals in the finance industry.
1 | The world of international finance | 1 |
2 | An introduction to exchange rates | 29 |
3 | Foreward exchange | 53 |
4 | Currency futures and options markets | 68 |
5 | The balance of payments | 97 |
6 | Supply-and-demand view of exchange rates | 119 |
7 | The purchasing-power-parity principle | 143 |
8 | Interest parity | 159 |
9 | Foreign exchange exposure and risk | 191 |
10 | Accounting exposure versus real exposure | 216 |
11 | Operating exposure | 230 |
12 | Hedging risk and exposure | 256 |
13 | Exchange-rate forecasting and speculation | 280 |
14 | Cash management | 307 |
15 | Portfolio investment | 322 |
16 | Capital budgeting for foreign investments | 346 |
17 | The growth and concerns about multinationals | 373 |
18 | International dimensions of long-term financing | 397 |
19 | Multinational banking | 423 |
20 | Instruments and institutions of international trade | 445 |
21 | Asset-based theories of exchange rates | 469 |
22 | Alternative systems of exchange rates | 487 |
23 | The international financial system : past, present, and future | 514 |