International Financial Management

Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr Madura has served as a consultant for international banks, securities firms and other multinational corporations. In addition, he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his BS and MA from Northern Illinois University and his DBA from Florida State University. Roland Fox graduated from Manchester University and joined PriceWaterhouseCoopers. He subsequently worked in insurance and for a multinational company, Invensys, before taking up a lecturing post. He is currently a senior lecturer in finance at Salford University. He has published a number of papers on management accounting, finance and education.

Part 1 The International Financial Environment 1.Multinational Financial Management: An Overview 2.International Flow of Funds 3.International Financial Markets 4.Exchange Rate Determination 5.Currency Derivatives Part 2 Exchange Rate Behaviour 5.Exchange Rate History and the Role of Governments 6.International Arbitrage and Interest Rate Parity 7.Relationships Among Inflation, Interest Rates and Exchange Rates Part 3 Exchange Rate Risk Management 8. Forecasting Exchange Rates 9. Measuring Exposure to Exchange Rate Fluctuations 10. Managing Transaction Exposure 11. Managing Economic Exposure and Translation Exposure Part 4 Long Term Asset and Liability Management 12. Foreign Direct Investment 13. Country Risk Analysis 14. Long-Term Financing 15. Ethics Part 5 Short-Term Asset and Liability Management 16. Financing International Trade 17. Short-Term Financing 18. International Cash Management 19. Concluding Comments