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International Finance » (1st Edition)

Book cover image of International Finance by Maurice D. Levi

Authors: Maurice D. Levi
ISBN-13: 9780415774598, ISBN-10: 0415774594
Format: Paperback
Publisher: Taylor & Francis, Inc.
Date Published: May 2009
Edition: 1st Edition

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Author Biography: Maurice D. Levi

Maurice D. Levi is Bank of Montreal Professor of International Finance in the Sauder School of Business at the University of British Columbia, Canada.

Book Synopsis

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 impact of globalization and the greater connectedness of national economies and the world economy as a whole

  • probably the best introduction to exchange rates available and how they directly impact upon firms as well as governments

  • the continued massive impact of multinational corporations on the global financial scene as well as the opportunities presented by e-commerce.

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.

Table of Contents

1The world of international finance1
2An introduction to exchange rates29
3Foreward exchange53
4Currency futures and options markets68
5The balance of payments97
6Supply-and-demand view of exchange rates119
7The purchasing-power-parity principle143
8Interest parity159
9Foreign exchange exposure and risk191
10Accounting exposure versus real exposure216
11Operating exposure230
12Hedging risk and exposure256
13Exchange-rate forecasting and speculation280
14Cash management307
15Portfolio investment322
16Capital budgeting for foreign investments346
17The growth and concerns about multinationals373
18International dimensions of long-term financing397
19Multinational banking423
20Instruments and institutions of international trade445
21Asset-based theories of exchange rates469
22Alternative systems of exchange rates487
23The international financial system : past, present, and future514

Subjects