Description
OXFORD International Finance 2Nd Edition 2007 Edition by Thomas J. O'brien
Completely updated and revised, the second edition of International Finance - Corporate Decisions in Global Markets applies the principles of financial economics to explain how international corporate finance decisions are made in the real world Written from a practical, financial perspective versus one of pure economic theory, the text is divided into three sections. The first section provides a comprehensive discussion of exchange rates. The next section offers an in-depth look at a firm's foreign exchange exposure measurement and hedging. The material highlights the connection between foreign exchange exposure in profit and foreign exchange exposure in equity, as well as the impact of foreign currency debt and currency swaps. The third section examines overseas investment decisions in both countries integrated with the global financial market and those still segmented from it. Coverage emphasizes the cost of capital and accounting for overseas investments and hedging of foreign exchange risk. Table of contentsPART I. FOREIGN EXCHANGE RATESChapter 2. Foreign Exchange and Purchasing PowerChapter 3. Forward Foreign ExchangeChapter 4. Foreign Exchange and Interest RatesPART II. LONG-TERM FOREIGN EXCHANGE EXPOSUREChapter 5. Foreign Exchange Operating ExposureChapter 6. Debt and Foreign Exchange ExposureChapter 7. Currency SwapsChapter 8. Economic Foreign Exchange ExposurePART III. COST OF CAPITAL AND CROSS-BORDER INVESTMENTSChapter 9. Global Finance and the Cost of CapitalChapter 10. Cost of Capital for Overseas InvestmentsChapter 11. Accounting for Foreign Investments and HedgingChapter 12. Overseas Investment Decisions