Our systems are now restored following recent technical disruption, and we’re working hard to catch up on publishing. We apologise for the inconvenience caused. Find out more

Recommended product

Popular links

Popular links


International Financial Management

International Financial Management

International Financial Management

3rd Edition
Geert Bekaert, Columbia Business School
Robert Hodrick, Columbia Business School
November 2017
Available
Hardback
9781107111820

Experience the eBook and the associated online resources on our new Higher Education website. Go to site For other formats please stay on this page.

$105.00
USD
Hardback
USD
eBook

    This new and fully updated edition of International Financial Management blends theory, data analysis, examples and practical case situations to equip students and business leaders with the analytical tools they need to make informed financial decisions and manage the risks that businesses face in today's competitive global environment. Combining theory and practice, the authors offer the reader a multitude of real-world examples and case studies, emphasising fundamental concepts, principles and analytical theories to enable students to understand not only what to do when confronted with an international financial decision, but why that choice is the correct one. Features include: real data analysis - all fully updated for the third edition; extended cases illustrating practical application of theory; point-counterpoints offering insight into contentious issues; concept boxes that explore and illustrate key concepts; and end-of-chapter questions. Suitable for M.B.A and advanced undergraduate business students taking a course in international financial management or international finance.

    • All data and corresponding analyses have been updated for the third edition
    • Incorporates the latest academic research in international finance and international capital markets
    • Combines state-of-the-art academic theory and business practice with examples

    Reviews & endorsements

    ‘This book covers the economics behind exchange rate movements and also provides well-thought-out examples of how to mitigate the risk of such movements. It is rigorous enough to challenge quantitative M.B.A.s yet also builds from core fundamentals such that first-time students of international finance can grasp the material. I have used this book for years in M.B.A. and Executive M.B.A. courses.' Karl V. Lins, Spencer Fox Eccles Endowed Chair in Banking and Professor of Finance, David Eccles School of Business, University of Utah

    'This new edition of International Financial Management is the perfect text for both undergraduate and graduate courses on the subject. Its pedagogical approach helps students appreciate the dynamic world of international finance where understanding tradeoffs in a complex environment is essential for decision-making. Pedagogically sound, academically rigorous, and intellectually engaging - this is a great book for challenging and enriching students.' Robin L. Lumsdaine, Crown Prince of Bahrain Chair of International Finance, Kogod School of Business, American University, Washington DC

    See more reviews

    Product details

    November 2017
    Hardback
    9781107111820
    1046 pages
    261 × 208 × 47 mm
    2.6kg
    Available

    Table of Contents

    • Preface
    • 1. Globalization and the multinational corporation
    • Part I. Introduction to Foreign Exchange Markets and Risks:
    • 2. The foreign exchange market
    • 3. Forward markets and transaction exchange risk
    • 4. The balance of payments
    • 5. Exchange rate systems
    • Part II. International Parity Conditions and Exchange Rate Determination:
    • 6. Interest rate parity
    • 7. Speculation and risk in the foreign exchange market
    • 8. Purchasing power parity and real exchange rates
    • 9. Measuring and managing real exchange risk
    • 10. Exchange rate determination and forecasting
    • Part III. International Capital Markets:
    • 11. International debt financing
    • 12. International equity financing
    • 13. International capital market equilibrium
    • 14. Country and political risk
    • Part IV. International Corporate Finance:
    • 15. International capital budgeting
    • 16. Additional topics in international capital budgeting
    • 17. Risk management and the foreign currency hedging decision
    • Part V. Managing Ongoing Operations:
    • 18. Financing international trade
    • 19. Managing net working capital
    • Part VI. Foreign Currency Derivatives:
    • 20. Foreign currency futures and options
    • 21. Interest rate and foreign currency swaps
    • Glossary
    • Index.
      Authors
    • Geert Bekaert , Columbia Business School

      Geert Bekaert teaches global investments and asset management at Columbia Business School. His research focuses on international finance, emerging markets, empirical asset pricing, and portfolio management, and has been supported by NSF grants. He has published over sixty articles in top academic journals such as the Journal of Finance, the Journal of Political Economy, the Journal of Financial Economics and the Review of Financial Studies, among others. He is Co-Managing Editor at the Journal of Banking and Finance, is a Research Associate at the National Bureau of Economic Research, consults for the European Central Bank and litigation support firms, and is associated with several FinTech ventures.

    • Robert Hodrick , Columbia Business School

      Robert Hodrick teaches international capital markets and corporate finance for M.B.A.s and empirical asset pricing and econometrics for Ph.D.s at Columbia Business School. His research examines theoretical, empirical and econometric issues in asset pricing as related to equities, bonds and currencies and has been supported by NSF grants. He has published over forty articles in top academic journals such as the Journal of Finance, the Journal of Political Economy, the Journal of Financial Economics and the Review of Financial Studies, among others, and is a Research Associate of the National Bureau of Economics and has been a consultant to the IMF and San Francisco Federal Reserve Bank.