International Finance : Theory into Practice
Piet. Sercu
Bok Engelsk 2009 · Electronic books.
| Annen tittel | |
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| Utgitt | : : Princeton University Press, , 2009.
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| Omfang | 1 online resource (833 p.)
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| Opplysninger | Description based upon print version of record.. - ""Cover""; ""Contents""; ""Preface""; ""Acknowledgments""; ""I: Introduction and Motivation for International Finance""; ""1 Why Does the Existence of Borders Matter for Finance?""; ""1.1 Key Issues in International Business Finance""; ""1.2 What Is on the International CFO's Desk?""; ""1.3 Overview of this Book""; ""2 International Finance: Institutional Background""; ""2.1 Money and Banking: A Brief Review""; ""2.2 The International Payment Mechanism""; ""2.3 International ("Euro") Money and Bond Markets""; ""2.4 What Is the Balance of Payments?""; ""2.5 Exchange-Rate Regimes"". - ""4.3 The Law of One Price and Covered Interest Parity""""4.4 The Market Value of an Outstanding Forward Contract""; ""4.5 CFO's Summary""; ""4.6 Appendix: Interest Rates, Returns, and Bond Yields""; ""4.7 Appendix: The Forward Forward and the Forward Rate Agreement""; ""Test Your Understanding""; ""5 Using Forwards for International Financial Management""; ""5.1 Practical Aspects of Forwards in Real-World Markets""; ""5.2 Using Forward Contracts (1): Arbitrage""; ""5.3 Using Forward Contracts (2): Hedging Contractual Exposure""; ""5.4 Using Forward Contracts (3): Speculation"". - ""5.5 Using Forward Contracts (4): Minimizing the Impact of Market Imperfections""""5.6 Using the Forward Rate in Commercial, Financial, and Accounting Decisions""; ""5.7 CFO's Summary""; ""Test Your Understanding""; ""6 The Market for Currency Futures""; ""6.1 Handling Default Risk in Forward Markets: Old and New Tricks""; ""6.2 How Futures Contracts Differ from Forward Markets""; ""6.3 Effect of Marking to Market on Futures Prices""; ""6.4 Hedging with Futures Contracts""; ""6.5 The CFO's Conclusion: Pros and Cons of Futures Contracts Relative to Forward Contracts"". - ""6.6 Appendix: Eurocurrency Futures Contracts""""6.7 Technical Notes""; ""Test Your Understanding""; ""7 Markets for Currency Swaps""; ""7.1 How the Modern Swap Came About""; ""7.2 The Fixed-for-Fixed Currency Swaps""; ""7.3 Interest-Rate Swaps""; ""7.4 Cross-Currency Swaps""; ""7.5 CFO's Summary""; ""7.6 Technical Notes""; ""Test Your Understanding""; ""8 Currency Options (1): Concepts and Uses""; ""8.1 An Introduction to Currency Options""; ""8.2 Institutional Aspects of Options Markets""; ""8.3 An Aside: Futures-Style Options on Futures""; ""8.4 Using Options (1): Arbitrage"". - ""8.5 Using Options (2): Hedging"". - ""Test Your Understanding""""II: Currency Markets""; ""About This Part""; ""3 Spot Markets for Foreign Currency""; ""3.1 Exchange Rates""; ""3.2 Major Markets for Foreign Exchange""; ""3.3 The Law of One Price for Spot Exchange Quotes""; ""3.4 Translating FC Figures: Nominal Rates, PPP Rates, and Deviations from PPP""; ""3.5 CFO's Summary""; ""3.6 Technical Notes""; ""Test Your Understanding""; ""4 Understanding Forward Exchange Rates for Currency""; ""4.1 Introduction to Forward Contracts""; ""4.2 The Relation between Exchange and Money Markets"". - 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 internationa
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| Emner | |
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| Dewey | |
| ISBN | 9780691136677
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