Authors: Ephraim Clark
ISBN-13: 9781861529718, ISBN-10: 1861529716
Format: Paperback
Publisher: Cengage Learning EMEA Higher Education
Date Published: June 2002
Edition: 2ND
The second edition of International Finance is the ideal textbook to explain this challenging and stimulating subject to European students of finance, accounting, economics, banking and business. European markets and institutions are featured throughout and there is an emphasis on both the underlying economic and financial theories and on the equally important professional conventions and trading practices. This fully revised edition is completely up to date and contains several new chapters on futures markets, options markets, capital budgeting with real options and political risk analysis. The text also includes a new Appendix on the Euro and references to the Euro throughout. The book is especially suitable for advanced undergraduate options in international finance and for postgraduate students. Students preparing for professional examinations in international finance will also find the book suitable for their needs.
List of exhibits, figures and tables | ||
Preface | ||
Acknowledgements | ||
Introductory chapter from the first edition: The whys and wherefores of international finance | 1 | |
I | The Economics of International Transactions | 15 |
1 | Balance of payments | 17 |
2 | The exchange rate and economic adjustment | 37 |
3 | International parity relations | 65 |
II | Organization of the International Financial System | 91 |
4 | The international monetary system | 93 |
5 | International banking and the Eurocurrency market | 113 |
6 | The foreign exchange market | 131 |
III | Derivative Markets, Instruments and Techniques | 151 |
7 | Futures markets and instruments | 153 |
8 | Option markets and instruments | 181 |
9 | Exotic options and other over-the-counter instruments | 217 |
IV | International Risk Assessment | 253 |
10 | Country and political risk analysis | 255 |
11 | The benefits and risks of international portfolio investment | 291 |
12 | Advanced techniques for country and political risk assessment | 319 |
V | Foreign Exchange Risk Management | 355 |
13 | Current operations and foreign exchange exposure | 357 |
14 | Managing foreign exchange risk | 373 |
15 | Economic and financial analysis of currency option uses | 389 |
16 | Sophisticated hedging techniques | 413 |
VI | Borrowing and Lending Internationally | 439 |
17 | The international debt markets | 441 |
18 | Managing interest rate risk | 475 |
VII | Other International Markets | 511 |
19 | International commodity markets: Inventory and supply management | 513 |
20 | World equity markets | 535 |
VIII | Capital Budgeting and Foreign Direct Investment | 555 |
21 | Foreign direct investment: Capital budgeting and political, economic and financial risk management | 557 |
22 | Foreign direct investment: Measuring and managing risk | 593 |
23 | International mergers and acquisitions | 609 |
Selected web sites | 628 | |
Glossary | 630 | |
References | 641 | |
Name index | 652 | |
Subject index | 655 |