International finance

著者

書誌事項

International finance

Maurice D. Levi

Routledge, 2005

4th ed

  • : pbk

大学図書館所蔵 件 / 全16件

この図書・雑誌をさがす

注記

Includes bibliographical references and indexes

内容説明・目次

巻冊次

ISBN 9780415308991

内容説明

In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.

目次

1. The World Of International Finance 1.1 Unique Dimensions of International in Finance 1.2 The Benefits of Studying International Finance 1.3 The Growing Importance of International Finance 1.4 The Growth of International Trade 1.5 The Rewards of International Trade 1.6 The Risks of International Trade 1.7 Increased Globalization of Financial and Real-Asset Markets 1.8 Increased Volatility of Exchange Rates 1.9 Increased Importance of Multinational Corporations and Transnational Alliances Part 1: The Markets for Foreign Exchange 2. An Introduction to Exchange Rates 2.1 The Foreign Bank Note Market 2.2 The Spot Foreign Exchange Market 2.3 Direct Versus Indirect Exchange And Cross Exchange Rates 3. Forward Exchange 3.1 What Is Forward Foreign Exchange? 3.2 Forward Exchange Premiums and Discounts 3.3 Forward Rates versus Expected Future Spot Rates 3.4 Payoff Profiles On Forward Exchange 3.5 Outright Forward Exchange and Swaps 3.6 The Flexibility of Forward Exchange 3.7 Forward Quotations 4. Currency Futures and Options Markets 4.1 Currency Futures 4.2 Currency Options 4.3 Forwards, Futures, And Options Compared: A summary Part 2: The Determination of Exchange Rates 5. The Balance Of Payments Accounts 5.1 Influences On Currency Supply And Demand 5.2 Principles Of Balance-Of-Payments Accounting 5.3 Implications of the Balance-Of-Payments Accounting Identity 5.4 The Net International Investment Position 5.5 Objectives Of Economic Policy 6. Supply and Demand View of Exchange Rates 6.1 Imports, Exports, and Exchange Rates 6.2 The Factors Affecting Exchange Rates 6.3 The Stability of Exchange Rates 6.4 Short-Run Versus Long-Run Trade Elasticities And The J Curve Part 3: The Fundamental International Parity Conditions 7. The Purchasing-Power Parity Principle 7.1 The Law of One Price 7.2 Absolute (Or Static) Form of the PPP Condition 7.3 The Relative (Or dynamic) Form of PPP 7.4 An Alternative Derivation of PPP 7.5 The Empirical Evidence On PPP 7.6 Reasons for Departures from PPP 7.7 The Practical Importance Of PPP 8. Interest Parity 8.1 The Investment and Borrowing Criteria 8.2 The Covered Interest Parity Condition 8.3 Combining PPP and Interest Parity 8.4 Why Covered Interest Differences Persist Part 4: Managing Foreign Exchange Risk and Exposure 9. Foreign Exchange Exposure and Risk 9.1 The Importance of Understanding Risk and Exposure and Measuring Them 9.2 The Nature of Exchange-Rate Risk and Exposure 9.3 Examples of Foreign Exchange Exposure 9.4 Exposure as a Regression Slope 9.5 Estimating Exposure 9.6 Definition of Foreign Exchange Risk 9.7 Exposure, Risk, and The Parity Relationships 10. Accounting Exposure Versus Real Exposure 10.1 Accounting Principles 10.2 Real Changes in Exchange Rates 11. Operating Exposure 11.1 Operations Affected by Exchange Rates 11.2 The Exporter 11.3 The Importer 11.4 Summary of Effects of Exchange Rates on Exporters and Importer
巻冊次

: pbk ISBN 9780415309004

内容説明

In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.

目次

1. The World of International Finance Part I: The Markets for Foreign Exchange 2. An Introduction to Exchange Rates 3. Forward Exchange 4. Currency Futures and Options Markets Part 2: Determination of Exchange Rates 5. The Balance-of-Payments Accounts 6. Supply-and-Demand View of Exchange Rates 7. Modern Theories of Exchange Rates 8. Alternative Systems of Exchange Rates 9. The International Financial System: Past, Present and Future Part 3: The Fundamental International Parity Conditions 10. The Purchasing-Power Parity Principle 11. Interest Parity Part 4: Managing Foreign Exchange Risk and Exposure 12. Foreign Exchange Exposure and Risk 13. Accounting Exposure versus Real Exposure 14. Operating Exposure 15. Hedging Risk and Exposure 16. Speculation, Market Efficiency and Forecasting Part 5: International Investment and Financing 17. Cash Management 18. Portfolio Investment 19. Capital Budgeting for Direct Foreign Investment 20. The Growth and Concerns about Multinationals 21. International Financing Part 6: Institutional Structure of International Trade and Finance 22. Multinational Banking 23. Instruments and Institutions of International Trade

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