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Multinational Finance

Multinational Finance

5th Edition

Adrian Buckley

Dec 2003, Paperback, 808 pages
ISBN13: 9780273682097
ISBN10: 0273682091
For orders to USA, Canada, Australia, New Zealand or Japan visit your local Pearson website
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Multinational Finance is an authoritative and comprehensive description of the theory and practice of international finance and its management. This fifth edition builds on the strengths of previous editions, offering a user-friendly guide to the subject that moves through the basics to the advanced with clarity and conciseness. The content has been thoroughly revised to incorporate the most up to date information in terms of markets, coverage of new financial instruments, and the latest empirical work (in particular in relation to discount rates and required rates of return). A key feature of this edition is its strong European orientation, a theme that runs throughout the book and makes Multinational Finance unique in its field.

Multinational Finance is recommended for undergraduate, MBA and other postgraduate courses in international financial management taken as a part of a degree programme in finance or international business. The book also caters for professionals in the financial field.

Preface and acknowledgements
PART A: ESSENTIAL BACKGROUND
1. Introduction
2. The international monetary system
3. Corporate finance around the world
PART B: FOREIGN EXCHANGE
4. Exchange rates: the basic equations
5. Foreign exchange markets
6. The balance of payments
7. Theories and empiricism on exchange rate movements
8. Definitions of foreign exchange risk
9. Financial accounting and foreign exchange
TEST BANK 1
Exercises
Multiple choice questions
PART C: HEDGING
10. Does foreign exchange exposure matter?
11. Principles of exposure management
12. Internal techniques of exposure management
13. External techniques of exposure management
TEST BANK 2
Exercises
Multiple choice questions
PART D: DERIVATIVES
14. Swaps
15. Financial futures and foreign exchange
16. Options
17. Currency options
18. Interest rate risk
19. Financial engineering
TEST BANK 3
Exercises
Multiple choice questions
PART E: INTERNATIONAL CAPITAL BUDGETING
20. The internationalization process
21. Exchange controls and corporate tax in international investment
22. The international capital budgeting framework
23. The international capital budgeting model
24. International investment: what discount rate?
25. Country risk analysis and political risk
26. International capital budgeting: the practicalities
TEST BANK 4
Exercises
Multiple choice questions
PART F: INTERNATIONAL FINANCING
27. International debt instruments
28. Financing the multinational and its overseas subsidiaries
29. Cash management
30. Project finance
31. Financing international trade and minimizing credit risk
PART G: MISCELLANEOUS
32. Miscellaneous issues in multinational finance
TEST BANK 5
Exercises
Multiple choice questions
Suggested answers to selected exercises Suggested answers to end of chapter questions
Solutions to multiple choice questions
Appendix 1: Present value of $1
Appendix 2: Present value of $1 received annually for n years
Appendix 3: Table of areas under the normal curve
Appendix 4: Black and Scholes value of call option expressed as a percentage of the share price
Appendix 5: Present value of $1 with a continuous discount rate, r , for T periods.
Values of e-rt Appendix 6: SWIFT codes
Glossary
References
Index

  • Strong European orientation with full coverage of markets and issues relating to this region make the book ideal for courses in Europe.
  • Plenty of exercises and multiple choice questions are provided for each part to allow students to track their own progress.
  • Each chapter ends with an extensive summary, sign-posted with bullet points to ease the revision of key points.
  • Much-praised, comprehensive glossary.