International Financial Economics

Corporate Decisions in Global Markets

Thomas F. O'Brien

316 pages, parution le 15/01/2006 (2^eme édition)

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Résumé

Completely updated and revised, the second edition of International Financial Economics: Corporate Decisions in Global Markets applies the principles of financial economics to explain how international corporate finance decisions are made in the real world. Written from a practical, financial perspective versus one of pure economic theory, the text is divided into three sections. The first section provides a comprehensive discussion of exchange rates. The next section offers an in-depth look at a firm's foreign exchange exposure measurement and hedging. The material highlights the connection between foreign exchange exposure in profit and foreign exchange exposure in equity, as well as the impact of foreign currency debt and currency swaps. The third section examines overseas investment decisions in both countries integrated with the global financial market and those still segmented from it. Coverage emphasizes the cost of capital and accounting for overseas investments and hedging of foreign exchange risk. International Financial Economics: Corporate Decisions in Global Markets is ideal for advanced undergraduate and graduate courses in global financial management.

Features

Employs a practical, financial perspective with real-world applications
Includes expanded material on currency swaps to show their role in foreign exchange exposure management
Offers a detailed description of economic foreign exchange exposure
Provides additional material on overseas investment decisions when exchange rates are not correctly valued

Readership: Advanced undergraduate and graduate courses in global financial management

Sommaire

Foreign Exchange Rates
- Introduction to Foreign Exchange
- Foreign Exchange and Purchasing Power
- Forward Foreign Exchange
- Interest Rates and Foreign Exchange
Long-Term Foreign Exchange Exposure
- Foreign Exchange Operating Exposure
- Debt and Foreign Exchange Exposure
- Currency Swaps
- Economic Foreign Exchange Exposure
Cost of Capital And Cross-Border Investments
- Global Finance and the Cost of Capital
- Cost of Capital for Overseas Investments
- Accounting for Foreign Investments and Hedging
- Overseas Investment Decisions

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Oxford University Press
Auteur(s)	Thomas F. O'Brien
Parution	15/01/2006
Édition	2^eme édition
Nb. de pages	316
Format	19,5 x 24
Couverture	Relié
Poids	750g
Intérieur	Noir et Blanc
EAN13	9780195175042
ISBN13	978-0-19-517504-2