International Finance : Theory into Practice /
Sercu, Piet
International Finance : Theory into Practice / Piet Sercu. - 1 online resource (832 p.)
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
restricted access http://purl.org/coar/access_right/c_16ec
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
Mode of access: Internet via World Wide Web.
In English.
9781400833122
10.1515/9781400833122 doi
Finance, International.
International finance--Case studies.
International finance--Problems, exercises, etc.
International finance.
BUSINESS & ECONOMICS / Finance / General.
Account (accountancy). Accounting. Accounts receivable. Arbitrage. Asset. Balance sheet. Bank account. Bank. Bond (finance). Calculation. Capital asset pricing model. Capital budgeting. Capital gain. Capital market. Cash flow. Cash. Central bank. Commodity. Cost of capital. Credit (finance). Credit risk. Creditor. Cross listing. Currency swap. Currency. Customer. Debt. Depreciation. Discounts and allowances. Diversification (finance). Dividend. Exchange rate. Expense. Export. Finance. Financial asset. Financial institution. Foreign direct investment. Foreign exchange market. Foreign exchange risk. Forward contract. Forward rate. Funding. Future value. Futures contract. Hedge (finance). Income. Inflation. Institutional investor. Insurance. Interest rate. International finance. International trade. Investment. Investor. Japanese yen. Joint venture. Liability (financial accounting). Macroeconomics. Margin (finance). Mark-to-market accounting. Market (economics). Market liquidity. Market maker. Market portfolio. Market price. Market value. Money market. Net present value. Payment. Percentage. Portfolio investment. Present value. Pricing. Promissory note. Provision (accounting). Rate of return. Real versus nominal value (economics). Revenue. Risk aversion. Risk premium. Share price. Shareholder. Speculation. Spot contract. Spot market. Standard deviation. Stock exchange. Stock market. Subsidiary. Swap (finance). Swap rate. Tax rate. Tax. Trader (finance). Transaction cost. Uncertainty. United States Treasury security. Valuation (finance). Value (economics).
HG3881 .S428 2011
332 332.042 332/.042
International Finance : Theory into Practice / Piet Sercu. - 1 online resource (832 p.)
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
restricted access http://purl.org/coar/access_right/c_16ec
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
Mode of access: Internet via World Wide Web.
In English.
9781400833122
10.1515/9781400833122 doi
Finance, International.
International finance--Case studies.
International finance--Problems, exercises, etc.
International finance.
BUSINESS & ECONOMICS / Finance / General.
Account (accountancy). Accounting. Accounts receivable. Arbitrage. Asset. Balance sheet. Bank account. Bank. Bond (finance). Calculation. Capital asset pricing model. Capital budgeting. Capital gain. Capital market. Cash flow. Cash. Central bank. Commodity. Cost of capital. Credit (finance). Credit risk. Creditor. Cross listing. Currency swap. Currency. Customer. Debt. Depreciation. Discounts and allowances. Diversification (finance). Dividend. Exchange rate. Expense. Export. Finance. Financial asset. Financial institution. Foreign direct investment. Foreign exchange market. Foreign exchange risk. Forward contract. Forward rate. Funding. Future value. Futures contract. Hedge (finance). Income. Inflation. Institutional investor. Insurance. Interest rate. International finance. International trade. Investment. Investor. Japanese yen. Joint venture. Liability (financial accounting). Macroeconomics. Margin (finance). Mark-to-market accounting. Market (economics). Market liquidity. Market maker. Market portfolio. Market price. Market value. Money market. Net present value. Payment. Percentage. Portfolio investment. Present value. Pricing. Promissory note. Provision (accounting). Rate of return. Real versus nominal value (economics). Revenue. Risk aversion. Risk premium. Share price. Shareholder. Speculation. Spot contract. Spot market. Standard deviation. Stock exchange. Stock market. Subsidiary. Swap (finance). Swap rate. Tax rate. Tax. Trader (finance). Transaction cost. Uncertainty. United States Treasury security. Valuation (finance). Value (economics).
HG3881 .S428 2011
332 332.042 332/.042