In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.
University of British Columbia
1. The World of International Finance Part I: The Markets for Foreign Exchange 2. An Introduction to Exchange Rates 3. Forward Exchange 4. Currency Futures and Options Markets Part 2: Determination of Exchange Rates 5. The Balance-of-Payments Accounts 6. Supply-and-Demand View of Exchange Rates 7. Modern Theories of Exchange Rates 8. Alternative Systems of Exchange Rates 9. The International Financial System: Past, Present and Future Part 3: The Fundamental International Parity Conditions 10. The Purchasing-Power Parity Principle 11. Interest Parity Part 4: Managing Foreign Exchange Risk and Exposure 12. Foreign Exchange Exposure and Risk 13. Accounting Exposure versus Real Exposure 14. Operating Exposure 15. Hedging Risk and Exposure 16. Speculation, Market Efficiency and Forecasting Part 5: International Investment and Financing 17. Cash Management 18. Portfolio Investment 19. Capital Budgeting for Direct Foreign Investment 20. The Growth and Concerns about Multinationals 21. International Financing Part 6: Institutional Structure of International Trade and Finance 22. Multinational Banking 23. Instruments and Institutions of International Trade
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- ID: 9780415309004
4th Revised edition
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