International Finance: Contemporary IssuesRoutledge, 2007 M05 7 - 608 pages In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business. |
Contents
The world of international finance | 1 |
The markets for foreign exchange | 27 |
An introduction to exchange rates | 29 |
Forward exchange | 53 |
Currency futures and options markets | 68 |
The determination of exchange rates | 95 |
The balance of payments | 97 |
Supplyanddemand view of exchange rates | 119 |
International investment and financing | 305 |
Cash management | 307 |
Portfolio investment | 322 |
Capital budgeting for foreign investments | 346 |
The growth and concerns about multinationals | 373 |
International dimensions of longterm financing | 397 |
Institutional structure of international trade and finance | 421 |
Multinational banking | 423 |
The fundamental international parity conditions | 141 |
The purchasingpowerparity principle | 143 |
Interest parity | 159 |
Managing foreign exchange risk and exposure | 189 |
Foreign exchange exposure and risk | 191 |
Accounting exposure versus real exposure | 216 |
Operating exposure | 230 |
Hedging risk and exposure | 256 |
Exchangerate forecasting and speculation | 280 |
Instruments and institutions of international trade | 445 |
The international macroeconomic environment theories and practices | 467 |
Assetbased theories of exchange rates | 469 |
Alternative systems of exchange rates | 487 |
The international financial system past present and future | 514 |
Glossary | 547 |
Name index | 573 |
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Common terms and phrases
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