International Financial Economics : Corporate Decisions in Global Markets
Editorial Reviews
Book Description
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
BLEmploys a practical, financial perspective with real-world applications
BLIncludes expanded material on currency swaps to show their role in foreign exchange exposure management
BLOffers a detailed description of economic foreign exchange exposure
BLProvides additional material on overseas investment decisions when exchange rates are not correctly valued
International Financial Economics : Corporate Decisions in Global Markets ,Thomas J. O'Brien,Oxford University Press, USA,0195175042,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Foreign exchange,International - General,International business enterpr,International business enterprise,International finance,Business & Economics / Finance,Finance | Corporate | International,International economics
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