International Financial Economics

Corporate Decisions in Global Markets

Inbunden, Engelska, 2005

Av Thomas J. O'Brien, University of Connecticut) O'Brien, Thomas J. (Chairperson, Finance Department, Chairperson, Finance Department, O'BRIEN

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Completely updated and revised, the second edition of International Financial Economics: Corporate Decisions in Global Markets applies the principles of financial economics to explain how international corporate finance decisions are made in the real world. Written from a practical, financial perspective versus one of pure economic theory, the text is divided into three sections. The first section provides a comprehensive discussion of exchange rates. The next section offers an in-depth look at a firm's foreign exchange exposure measurement and hedging. The material highlights the connection between foreign exchange exposure in profit and foreign exchange exposure in equity, as well as the impact of foreign currency debt and currency swaps. The third section examines overseas investment decisions in both countries integrated with the global financial market and those still segmented from it. Coverage emphasizes the cost of capital and accounting for overseas investments and hedging of foreign exchange risk. International Financial Economics: Corporate Decisions in Global Markets is ideal for advanced undergraduate and graduate courses in global financial management. FeaturesBLEmploys a practical, financial perspective with real-world applicationsBLIncludes expanded material on currency swaps to show their role in foreign exchange exposure managementBLOffers a detailed description of economic foreign exchange exposureBLProvides additional material on overseas investment decisions when exchange rates are not correctly valued

Produktinformation

Utgivningsdatum2005-11-03
Mått239 x 193 x 22 mm
Vikt740 g
FormatInbunden
SpråkEngelska
Antal sidor320
Upplaga2
FörlagOUP USA
ISBN9780195175042

Tillhör följande kategorier

I. FOREIGN EXCHANGE RATES ; 1. Introduction to Foreign Exchange ; 2. Foreign Exchange and Purchasing Power ; 3. Forward Foreign Exchange ; 4. Interest Rates and Foreign Exchange ; II. LONG-TERM FOREIGN EXCHANGE EXPOSURE ; 5. Foreign Exchange Operating Exposure ; 6. Debt and Foreign Exchange Exposure ; 7. Currency Swaps ; 8. Economic Foreign Exchange Exposure ; III. COST OF CAPITAL AND CROSS-BORDER INVESTMENTS ; 9. Global Finance and the Cost of Capital ; 10. Cost of Capital for Overseas Investments ; 11. Accounting for Foreign Investments and Hedging ; 12. Cross-Border Investment Decisions

"This text provides an exciting, fresh approach to international financial management. Masterfully written by a recognized leader in the field, International Financial Economics is unique for its clarity, creativity, and coverage. O'Brien explains the material thoroughly, yet concisely, by relying on economic intuition and artfully weaving together theoretical concepts and fascinating examples. The book will be appealing to a variety of audiences. It is appropriately sophisticated for MBA students, but accessible to undergraduates, and up-to-date for practitioners in finance. I highly recommend this text for anyone seeking answers to the complex problems in international finance."--Reid W. Click, George Washington University