International Financial Management 5th Edition
By (author) Madura Jeff
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$ 77.30
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By (author) Madura Jeff; By (author) Fox Roland
Description
International finance has become one of the hottest topics in national debates with tariff wars and EU membership dominating the news. As multinational corporations (MNCs) continue to expand their operations globally, they must not only manage the advantages that ensue but also their exposure to risk. The fifth edition of Madura and Fox’s International Financial Management offers students a comprehensive introduction to this fast-moving field, discussing not only exchange rate behaviour, exchange rate risk management, long- and short-term asset and liability management, but also topics such as different currencies, dissimilar political situations, imperfect markets and diversified opportunity sets. Engaging real-world examples, critical debate questions and project workshop activities equip students with the essential knowledge they need to succeed in international finance. This textbook is suitable for both final year undergraduate and master’s level courses in international financial management. This title is available with MindTap, a flexible online learning solution that provides students with all the tools they need to succeed including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.
Table of contents
Part I The International Financial Environment 1Multinational financial management: an overview 2International flow of funds 3International financial markets 4Exchange rate changes 5Currency derivatives Part II Exchange Rate Behaviour 6Exchange rate history and the role of governments 7International arbitrage and interest rate parity 8Relationships among inflation, interest rates and exchange rates Part III Exchange Rate Risk Management 9Forecasting exchange rates 10Measuring exposure to exchange rate fluctuations 11Managing transaction exposure 12Managing economic exposure and translation exposure Part IV Long-term Asset and Liability Management 13Foreign direct investment 14Country risk analysis 15Long-term financing 16Ethics Part V Short-term Asset and Liability Management 17Financing international trade 18Short-term financing 19International cash management 20Concluding comments Appendix A: Answers to self-test questions Appendix B: Maths and statistics support Glossary Index Online Additional Reading 1Multinational Restructuring 2Multinational Cost of Capital and Capital Structure 3Multinational Capital Budgeting
Biographical note
Dr. Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr. Madura has served as a consultant for commercial banks, securities firms, and numerous other financial institutions. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. Roland Fox graduated from Manchester University and joined PriceWaterhouseCoopers. He subsequently worked in insurance and for a multinational company, Invensys, before taking up a lecturing post. He is currently a Senior Lecturer in Finance at Salford University. He has published a number of papers on management accounting, finance and education.
Description
International finance has become one of the hottest topics in national debates with tariff wars and EU membership dominating the news. As multinational corporations (MNCs) continue to expand their operations globally, they must not only manage the advantages that ensue but also their exposure to risk. The fifth edition of Madura and Fox’s International Financial Management offers students a comprehensive introduction to this fast-moving field, discussing not only exchange rate behaviour, exchange rate risk management, long- and short-term asset and liability management, but also topics such as different currencies, dissimilar political situations, imperfect markets and diversified opportunity sets. Engaging real-world examples, critical debate questions and project workshop activities equip students with the essential knowledge they need to succeed in international finance. This textbook is suitable for both final year undergraduate and master’s level courses in international financial management. This title is available with MindTap, a flexible online learning solution that provides students with all the tools they need to succeed including an interactive eReader, engaging multimedia, practice questions, assessment materials, revision aids, and analytics to help you track their progress.
Table of contents
Part I The International Financial Environment 1Multinational financial management: an overview 2International flow of funds 3International financial markets 4Exchange rate changes 5Currency derivatives Part II Exchange Rate Behaviour 6Exchange rate history and the role of governments 7International arbitrage and interest rate parity 8Relationships among inflation, interest rates and exchange rates Part III Exchange Rate Risk Management 9Forecasting exchange rates 10Measuring exposure to exchange rate fluctuations 11Managing transaction exposure 12Managing economic exposure and translation exposure Part IV Long-term Asset and Liability Management 13Foreign direct investment 14Country risk analysis 15Long-term financing 16Ethics Part V Short-term Asset and Liability Management 17Financing international trade 18Short-term financing 19International cash management 20Concluding comments Appendix A: Answers to self-test questions Appendix B: Maths and statistics support Glossary Index Online Additional Reading 1Multinational Restructuring 2Multinational Cost of Capital and Capital Structure 3Multinational Capital Budgeting
Biographical note
Dr. Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr. Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr. Madura has served as a consultant for commercial banks, securities firms, and numerous other financial institutions. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. Roland Fox graduated from Manchester University and joined PriceWaterhouseCoopers. He subsequently worked in insurance and for a multinational company, Invensys, before taking up a lecturing post. He is currently a Senior Lecturer in Finance at Salford University. He has published a number of papers on management accounting, finance and education.
