* Integrates economic and political factors underlying exchange rate determination.
* Uses the balance-of-payments framework to assess economic links among nations.
* 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...
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...
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...
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