Multinational financial management - Hardcover

Alan C. Shapiro

Hardcover

ISBN 10: 0205076173 ISBN 13: 9780205076178

Publisher: Allyn & Bacon, 1982

Synopsis

Presents a comprehensive discussion of the foreign exchange market.* Discusses the key parity conditions in international finance that relate interest rates, exchange rates, and inflation rates, and the underlying arbitrage considerations that determine them-along with numerous real-world applications.* Presents distinctions between real and nominal exchange rates and between accounting and economic exposure and their significance for exchange risk management.

About this title

From the Publisher

Grounded in modern financial theory, this highly acclaimed text provides a conceptual framework wherein the key financial decisions of the multinational firm can be analyzed. As in previous editions, the book's approach treats international financial management as a natural and logical extension of principles learned in the foundations of financial management course. This Fifth Edition has been thoroughly updated and improved to reflect the most recent developments in the field and enhance overall learning.

From the Back Cover

International business activity is not new. The transfer of goods and services across national borders has been taking place for thousands of years, antedating even Joseph’s advice to the rulers of Egypt to establish that nation as the granary of the Middle East. Since the end of World War II, however, international business has undergone a revolution out of which has emerged what is probably the most important economic phenomenon of the latter half of the 20th century: the multinational corporation. The sixth edition of Multinational Financial Management provides the conceptual framework within which key financial decisions of the multinational firm can be analyzed. The emphasis throughout the book is on taking advantage of being a multinational corporation. Using real-world examples and illustrations of corporate practices, the text demonstrates to students the value of making judgments with a solid theoretical foundation. Beyond the traditional coverage of corporate finance, key elements including multiple currency, exchange rates, differing tax systems, and political risks such as nationalization and expropriation are explored. New to This Edition

• Extensive discussion of the Asian currency crisis
• Examination of international differences in corporate governance
• Exploration of the eurocurrency
• Additional coverage of the European Monetary Union
• Completely updated real-world examples that provide actual applications of financial concepts and theories
• New cases and end-of-chapter problems

Supplements Instructor’s Manual with Solutions and Test Bank This all-inclusive ancillary contains lecture outlines and objectives, key points, suggested answers to discussion questions and solutions to all end-of-chapter problems. This manual also includes a test bank completely revised and updated for the sixth edition by Joseph Greco of California State University—Fullerton. PowerPoint Lecture Presentation is available by downloading it from the comprehensive finance Web site at http://www.wiley.com/college/shapiro6E

Edition details

• Publisher: Allyn & Bacon
• Publication date: 1982
• Language: English
• ISBN 10: 0205076173
• ISBN 13: 9780205076178
• Binding: Hardcover
• Edition number: 4
• Number of pages: 608