Overview


The eighth edition of the text, just like the last seven editions, focus on the basics and managerial perspective. International Financial Management provides students with a foundation for analysis that will serve them well in their careers ahead. The decision-making process is presented through the text with the goal of teaching students how to make informed managerial decisions in an evolving global financial landscape.




Key Features


Already established as a popular textbook on the subject area, International Financial Management, 8e continues to take the legacy forward with recent updates. This edition will include:


• New! Updated topic coverage on analysis of home bias and the cost of capital around the world, comparison of capital structure across countries, tax inversion maneuvers, swap trading practices under new financial regulation, and statistical presentation of market capitalizations and liquidity measurement in developed and developing countries
• Management focus and theoretical rigor The framework for this text remains the same, which means it fits well in elective and advanced undergraduate and graduate courses
• Thorough coverage Thorough coverage of financial markets and financial management is present, with the market’s coverage presented early in the text
• Case Applications These applications, incorporated into selected chapters, enhance topics and help students apply theories and concepts to real world situations
• Wide array of pedagogical features such as “International Finance in Practice” boxes, Certified Financial Analyst questions, Mini cases, “In More Depth” sections etc.

Contents:
PART ONE Foundations of International Financial Management
1 Globalization and the Multinational Firm
2 International Monetary System
3 Balance of Payments
4 Corporate Governance Around the World


PART TWO The Foreign Exchange Market, Exchange Rate
Determination, and Currency Derivatives
5 The Market for Foreign Exchange
6 International Parity Relationships and Forecasting Foreign
Exchange Rates
7 Futures and Options on Foreign Exchange


PART THREE Foreign Exchange Exposure and Management
8 Management of Transaction Exposure
9 Management of Economic Exposure
10 Management of Translation Exposure


PART FOUR World Financial Markets and Institutions
11 International Banking and Money Market
12 International Bond Market
13 International Equity Markets
14 Interest Rate and Currency Swaps
15 International Portfolio Investment


PART FIVE Financial Management of the Multinational Firm
16 Foreign Direct Investment and Cross-Border Acquisitions
17 International Capital Structure and the Cost of Capital
18 International Capital Budgeting
19 Multinational Cash Management
20 International Trade Finance
21 International Tax Environment and Transfer Pricing


Glossary


Index