INTERNATIONAL FINANCIAL MANAGEMENT, 6e combines a strong foundation in international finance theory with current, practical applications. It provides thorough, up-to-date treatment of cutting-edge international finance issues along with traditional treatment of international financial management. This book is known for its readability and clear explanation as well as its extensive use of hands-on, real world applications and student-oriented pedagogy.
"This text is concise and well written [in] covering the latest methods of ... financial management for multinational corporations doing business in highly integrated business environment. …"
This textbook describes the current international economic environment in which multinational corporations operate. It covers the international financial environment, exchange rate behavior, exchange rate risk management, and asset and liability management in the long- and short-term. As it presumes a grasp of basic corporate finance, the book is suitable for use in upper-level undergraduate courses, or master's level courses. A companion CD-ROM contains projects, slides, exercises, and a study guide. Madura teaches finance at Florida Atlantic University. Annotation c. Book News, Inc., Portland, OR booknews.com
Dr. Jeff Madura presently serves as the SunTrust Bank Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including INTERNATIONAL FINANCIAL MANAGEMENT. His research on international finance has been published in numerous journals, including JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS; JOURNAL OF MONEY, CREDIT AND BANKING; FINANCIAL MANAGEMENT; JOURNAL OF FINANCIAL RESEARCH; and FINANCIAL REVIEW. Dr. Madura has received multiple awards for excellence in teaching and research, and has served as a consultant for international banks, securities firms, and other multi-national corporations. He earned his B.S. and M.A. from Northern Illinois University and his D.B.A. from Florida State University. Dr. Madura has served as a director for the Southern Finance Association and Eastern Finance Association and is also former president of the Southern Finance Association.
PART 1: THE INTERNATIONAL FINANCIAL ENVIRONMENT. 1. Multinational Financial Management: An Overview. 2. International Flow of Funds. 3. International Financial Markets. 4. Exchange Rate Determination. 5. Currency Derivatives. PART 2 EXCHANGE RATE BEHAVIOR. 6. Government Influence on Exchange Rates. 7. International Arbitrage and Interest Rate Parity. 8. Relationships between Inflation, Interest Rates, and Exchange Rates. PART 3: EXCHANGE RATE RISK MANAGEMENT. 9. Forecasting Exchange Rates. 10. Measuring Exposure to Exchange Rate Fluctuations. 11. Managing Transaction Exposure. 12. Managing Economic Exposure and Translation Exposure. PART 4: LONG-TERM ASSET AND LIABILITY MANAGEMENT. 13. Direct Foreign Investment. 14 .Multinational Capital Budgeting. 15. Multinational Restructuring. 16. Country Risk Analysis. 17. Multinational Cost of Capital and Capital Structure. 18 Long-Term Financing. PART 5: SHORT-TERM ASSET AND LIABILITY MANAGEMENT. 19 Financing International Trade. 20. Short-Term Financing. 21. International Cash Management.