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Overview
Equip your students for success in international finance with the unrivalled depth of theory and practical applications presented in Madura's INTERNATIONAL FINANCIAL MANAGEMENT. This edition builds on the fundamental principles of corporate finance to provide the timely information and contemporary insights your students need to prosper in today's global business environment. With the original text being well known for its inviting reader-friendly style and clear explanations, this localised second edition introduces international finance with a focus on the important role of modern multinational corporations in global commerce within a strong APAC context. Using strong corporate and increased international banking perspectives, it discusses a wide range of managerial topics and emphasises the most recent changes in the international environment. Relevant examples, instructive diagrams, self-tests, and other learning features provide hands-on experience to help your students develop the skills they need to effectively manage in contemporary practice.
- NEW quantitative content including NEW localised cases
- NEW coverage of international banking in Chapter 19 including risks in international banking, bank capital requirements and regulatory capital and bank supervision in Australia
- NEW table of contents structure reduces the number of chapters to 20 for a more logical flow, while also consolidating content related to international banking and providing new content on trade financing and facilitation
- Updated end-of-chapter questions
- Case studies provide a local context to the key concepts within the text
- Practice exams allow students the opportunity to test and consolidate their knowledge while also preparing them for their assessment
- The international finance resource designed for both local students with a limited understanding of foreign multinational corporations and foreign students with a limited understanding of local multinational corporations
- The international investing project at the end of chapter allows students to simulate investing in stocks of MNCs and requires them to assess how the values of these stocks change during the semester in response to international economic conditions
- Online appendices available via the instructor website provide solutions to self-tests, additional case studies and other helpful resources
- Instructor Website - Your #1 resource for your course. This tailored collection of teaching tools includes downloadable PowerPoint lecture slides, Instructor's Manual, and Test Bank with customisable questions for quizzes and assessments. Log in or request an account to access instructor resources at au.cengage.com/instructor/account for Australia or nz.cengage.com/instructor/account for New Zealand.
- Cognero Test Bank - A bank of questions has been developed in conjunction with the text for creating quizzes, tests and exams for your students. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want using Cognero. Cognero test generator is a flexible online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favourite test questions.
1 Multinational financial management: an overview
2 International flow of funds
3 International financial markets
4 Exchange rate systems and central bank intervention
PART 2 EXCHANGE RATE BEHAVIOUR
5 Exchange rate determination
6 Relationships among inflation, interest rates and exchange rates
7 International arbitrage and interest rate parity
8 Forecasting exchange rates
MIDTERM SELF-EXAM
PART 3 EXCHANGE RATE RISK MANAGEMENT
9 Currency derivatives
10 Currency and interest rate swaps
11 Measuring exposure to exchange rate fluctuations
12 Managing transaction exposure
13 Managing economic exposure and translation exposure
PART 4 MANAGEMENT OF LONG-TERM INTERNATIONAL
INVESTMENTS AND FINANCING
14 Foreign direct investment
15 Multinational capital budgeting
16 Country risk analysis and international corporate governance
17 International equity markets
18 International debt markets
PART 5 INTERNATIONAL BANKING AND TRADE FINANCING
19 International banking
20 Trade financing and facilitation
FINAL SELF-EXAM