International Finance: A Practical Perspective

Adrian Buckley is Emeritus Professor of International Finance at Cranfield School of Management, Cranfield University, and Visiting Professor of Finance at the Free University, Amsterdam. Prior to entering academic life, he worked in banking, management consulting and as a group treasurer to a FTSE-100 company

1 Introduction
2 The international monetary system        
3 Exchange rates: the basic equations
4 Foreign exchange markets
5 The balance of payments
6 Theories and empiricism on exchange rate movements
7 Definitions of foreign exchange risk
8 Does foreign exchange exposure matter?
9 Principles of exposure management
10 Internal techniques of exposure management
11 External techniques of exposure management
12 Swaps
13 Financial futures and foreign exchange
14 Options
15 Currency options
16 Interest rate risk
17 Financial engineering
18 Credit default swaps
19 The financial crisis of 2007-8:&
20 The internationalisation process
21 Exchange controls and corporate tax in international investment
22 The international capital budgeting framework
23 The international capital budgeting model
24 International investment: what discount rate?
25 Country risk analysis and political risk
26 International capital budgeting: the practicalities
27 Financing the multinational and its overseas subsidiaries
28 Financing international trade and minimising credit risk
29 Practical problems in hedging
30 Miscellaneous issues in international finance
Suggested answers to end of chapter questions
Suggested answers to selected exercises
Solutions to multiple choice questions
Appendix 1 Present value of $1
Appendix 2 Present value of $1 received annually for n years
Appendix 3 Table of areas under the normal curve
Appendix 4 Black and Scholes value of call option expressed as a percentage of the share price
Appendix 5 Present value of $1 with a continuous discount rate, r, for T periods.  Values of e–rt
Appendix 6 Selections from ISO 4217 currency code list, a.k.a. SWIFT codes