UID:
almahu_9947366819102882
Format:
1 online resource (335 p.)
Edition:
8th ed.
ISBN:
1-283-59807-8
,
9786613910523
,
0-12-385248-X
Content:
Its high-level perspective on the global economy differentiates this introduction to international finance from other textbooks. Melvin and Norrbin provide essential information for those who seek employment in multinational industries, while competitors focus on standard economic tools and financial management skills. Readers learn how to reach their own conclusions about trends and new developments, not simply function within an organization. The 8th edition, newly updated and expanded, offers concise descriptions, current case studies, and new pedagogical materials to help r
Note:
Description based upon print version of record.
,
Front Cover; International Money and Finance; Copyright Page; Contents; Preface; Acknowledgments; To the Student; Why Study International Finance?; Finance and the Multinational Firm; The Actors; Plan of Attack; I. The International Monetary Environment; 1 The Foreign Exchange Market; Foreign Exchange Trading Volume; Geographic Foreign Exchange Rate Activity; Spot Exchange Rates; Currency Arbitrage; Short-term Foreign Exchange Rate Movements; Long-term Foreign Exchange Movements; Summary; Exercises; Further Reading; Appendix 1A:Trade-weighted Exchange Rate Indexes
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Appendix 1B: The Top Foreign Exchange Dealers2 International Monetary Arrangements; The Gold Standard: 1880 to 1914; The Interwar Period: 1918 to 1939; The Bretton Woods Agreement: 1944 to 1973; Central Bank Intervention during Bretton Woods; The Breakdown of the Bretton Woods; The Transition Years: 1971 to 1973; International Reserve Currencies; Floating Exchange Rates: 1973 to the Present; Currency Boards and "Dollarization"; The Choice of an Exchange Rate System; Optimum Currency Areas; The European Monetary System and the Euro; Summary; Exercises; Further Reading
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Appendix 2A: Current Exchange Practices of Specific Countries3 The Balance of Payments; Current Account; Financing the Current Account; Additional Summary Measures; Transactions Classifications; Balance of Payments Equilibrium and Adjustment; The U.S. Foreign Debt; How Bad is the U.S. Foreign Debt?; Summary; Exercises; Further Reading; II. International Parity Conditions; 4 Forward-looking Market Instruments; Forward Rates; Swaps; Futures; Options; Recent Practices; Summary; Exercises; Further Reading; 5 The Eurocurrency Market; Reasons for Offshore Banking; Libor
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Interest Rate Spreads and RiskInternational Banking Facilities; Offshore Banking Practices; Summary; Exercises; Further Reading; 6 Exchange Rates, Interest Rates, and Interest Parity; Interest Parity; Interest Rates and Inflation; Exchange Rates, Interest Rates, and Inflation; Expected Exchange Rates and the Term Structure of Interest Rates; Summary; Exercises; Further Reading; Appendix 6A: What are Logarithms, and Why are they used in Financial Research?; What are logarithms?; Why use logarithms in financial research?; 7 Prices and Exchange Rates: Purchasing Power Parity
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Absolute Purchasing Power ParityThe Big Mac Index; Relative Purchasing Power Parity; Time, Inflation, and PPP; Deviations from PPP; Overvalued and Undervalued Currencies; Real Exchange Rates; Summary; Exercises; Further Reading; Appendix 7.A: The effect on PPP by relative price changes; III. Risk and International Capital Flows; 8 Foreign Exchange Risk and Forecasting; Types of Foreign Exchange Risk; Foreign Exchange Risk Premium; Market Efficiency; Foreign Exchange Forecasting; Summary; Exercises; Further Reading; 9 Financial Management of the Multinational Firm; Financial Control
,
Cash Management
,
English
Additional Edition:
ISBN 0-12-385247-1
Language:
English
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