International Financial Management

Part I The International Financial Environment 1Multinational financial management: an overview 2International flow of funds 3International financial markets 4Exchange rate changes 5Currency derivatives Part II Exchange Rate Behaviour 6Exchange rate history and the role of governments 7International arbitrage and interest rate parity 8Relationships among inflation, interest rates and exchange rates Part III Exchange Rate Risk Management 9Forecasting exchange rates 10Measuring exposure to exchange rate fluctuations 11Managing transaction exposure 12Managing economic exposure and translation exposure Part IV Long-term Asset and Liability Management 13Foreign direct investment 14Country risk analysis 15Long-term financing 16Ethics Part V Short-term Asset and Liability Management 17Financing international trade 18Short-term financing 19International cash management 20Concluding comments Appendix A: Answers to self-test questions Appendix B: Maths and statistics support Glossary Index Online Additional Reading 1Multinational Restructuring 2Multinational Cost of Capital and Capital Structure 3Multinational Capital Budgeting

Jeff Madura is presently Emeritus Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including Financial Markets and Institutions (now in its 13th edition). His research on international finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Banking and Finance; Journal of Money, Credit and Banking; Journal of International Money and Finance; Financial Management; Journal of Financial Research; Financial Review; Journal of International Financial Markets, Institutions, and Money; Global Finance Journal; International Review of Financial Analysis; and Journal of Multinational Financial Management. Dr Madura has received multiple awards for excellence in teaching and research, and he has served as a consultant for international banks, securities firms, and other multinational corporations. He served as a director for the Southern Finance Association and the Eastern Finance Association, and he is also former president of the Southern Finance Association. Roland Fox graduated from Manchester University in Accounting and Finance and joined PricewaterhouseCoopers. He subsequently worked in the actuarial department of a multinational company and as a management accountant for Invensys Ltd (prior to it becoming Schneider Electric), before taking up a lecturing post. Until 2022, he was a Senior Lecturer in Finance at Salford University. He has published a number of papers on management accounting, finance and education.