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International Finance » (2ND)

Book cover image of International Finance by Ephraim Clark

Authors: Ephraim Clark
ISBN-13: 9781861529718, ISBN-10: 1861529716
Format: Paperback
Publisher: Cengage Learning EMEA Higher Education
Date Published: June 2002
Edition: 2ND

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Author Biography: Ephraim Clark

Book Synopsis

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.

Table of Contents

List of exhibits, figures and tables
Preface
Acknowledgements
Introductory chapter from the first edition: The whys and wherefores of international finance1
IThe Economics of International Transactions15
1Balance of payments17
2The exchange rate and economic adjustment37
3International parity relations65
IIOrganization of the International Financial System91
4The international monetary system93
5International banking and the Eurocurrency market113
6The foreign exchange market131
IIIDerivative Markets, Instruments and Techniques151
7Futures markets and instruments153
8Option markets and instruments181
9Exotic options and other over-the-counter instruments217
IVInternational Risk Assessment253
10Country and political risk analysis255
11The benefits and risks of international portfolio investment291
12Advanced techniques for country and political risk assessment319
VForeign Exchange Risk Management355
13Current operations and foreign exchange exposure357
14Managing foreign exchange risk373
15Economic and financial analysis of currency option uses389
16Sophisticated hedging techniques413
VIBorrowing and Lending Internationally439
17The international debt markets441
18Managing interest rate risk475
VIIOther International Markets511
19International commodity markets: Inventory and supply management513
20World equity markets535
VIIICapital Budgeting and Foreign Direct Investment555
21Foreign direct investment: Capital budgeting and political, economic and financial risk management557
22Foreign direct investment: Measuring and managing risk593
23International mergers and acquisitions609
Selected web sites628
Glossary630
References641
Name index652
Subject index655

Subjects