In this fourth edition, Maurice Levi successfully integrates both the micro and macro aspects of international finance. The author explores managerial issues and focuses on problems that arise 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 Economics and Business students.
PREFACE
Ch.1 The World Of International Finance
PARTI THE MARKETS FOR FOREIGN EXCHANGE
Ch.2 An Introduction To Exchange
Ch.3 Forward Exchange
Ch.4 Currency Futures And Options Markets
PARTII THE DETERMINATION OF EXCHANGE RATES
Ch.5 The Balance Of Payments
Ch.6 Supply-And-Demand View Of Exchange Rates
PARTIII THE FUNDAMENTAL INTERNATIONAL PARITY CONDITIONS
Ch.7 The Purchasing-Power-Parity Principle
Ch.8 Interest Parity
PARTIV MANAGING FOREIGN EXCHANGE RISK AND EXPOSURE
Ch.9 Foreign Exchange Exposure And Risk
Ch.10 Accounting Exposure Versus Real Exposure
Ch.11 Operating Exposure
Ch.12 Hedging Risk And Exposure
Ch.13 Exchange-Rate Forecasting And Speculation
PARTV INTERNATIONAL INVESTMENT AND FINANCING
Ch.14 Cash Management
Ch.15 Portfolio Investment
Ch.16 Capital Budgeting For Foreign Investments
Ch.17 The Growth And Concerns About Multinationals
Ch.18 International Dimensions Of Long-Term Financing
PARTVI INSSTITUTIONAL STRUCTURE OF INTERNATIONAL TRADE
Ch.19 Multinational Banking
Ch.20 Instruments And Institutions Of International Trade
Part VII
Ch.21 Asset-Based Theories Of Exchange Rates
Ch.22 Alternative Systems Of Exchange Rates
Ch.23 The International Financial System: Past, Present, And Future
GLOSSARY
NAME INDEX
SUBJECT INDEX