International Finance : : Theory into Practice / / Piet Sercu.

• Superior document: Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
• VerfasserIn: Sercu, Piet,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2009]; ©2009
• Year of Publication: 2009
• Language: English
• Physical Description: 1 online resource (832 p.)

International Finance presents the corporate uses of international financial markets to upper undergraduate and graduate students of business finance and financial economics. Combining practical knowledge, up-to-date theories, and real-world applications, this textbook explores issues of valuation, funding, and risk management. International Finance shows how theoretical applications can be brought into managerial practice. The text includes an extensive introduction followed by three main sections: currency markets; exchange risk, exposure, and risk management; and long-term international funding and direct investment. Each section begins with a short case study, and each of the sections' chapters concludes with a CFO summary, examining how a hypothetical chief financial officer might apply topics to a managerial setting. The book also contains end-of-chapter questions to help students grasp the material presented. Focusing on international markets and multinational corporate finance, International Finance is the go-to resource for students seeking a complete understanding of the field. Rigorous focus on international financial markets and corporate finance concepts An up-to-date and practice-oriented approach Strong real-world examples and applications Comprehensive look at valuation, funding, and risk management Introductory case studies and "CFO summaries," and end-of-chapter quiz questions Solutions to the quiz questions are available online

Table of Contents

Frontmatter -- Contents -- Preface -- Acknowledgments -- I Introduction and Motivation for International Finance -- 1 Why Does the Existence of Borders Matter for Finance? -- 2 International Finance: Institutional Background -- II Currency Markets -- About This Part -- 3 Spot Markets for Foreign Currency -- 4 Understanding Forward Exchange Rates for Currency -- 5 Using Forwards for International Financial Management -- 6 The Market for Currency Futures -- 7 Markets for Currency Swaps -- 8 Currency Options (1): Concepts and Uses -- 9 Currency Options (2): Hedging and Valuation -- III Exchange Risk, Exposure, and Risk Management -- About This Part -- 10 Do We Know What Makes Forex Markets Tick? -- 11 Do Forex Markets Themselves See What Is Coming? -- 12 (When) Should a Firm Hedge Its Exchange Risk? -- 13 Measuring Exposure to Exchange Rates -- 14 Value-at-Risk: Quantifying Overall Net Market Risks -- 15 Managing Credit Risk in International Trade -- IV Long-Term International Funding and Direct Investment -- About This Part -- 16 International Fixed-Income Markets -- 17 Segmentation and Integration in the World’s Stock Exchanges -- 18 Why—or When—Should We Cross List Our Shares? -- 19 Setting the Cost of International Capital -- 20 International Taxation of Foreign Investments -- 21 Putting It All Together: International Capital Budgeting -- 22 Negotiating a Joint-Venture Contract: The NPV Perspective -- Further Reading -- References -- Index