Fundamentals of multinational finance

Fundamentals of multinational finance

For undergraduate courses in International Financial Management, International Business Finance, or International Finance.   Fundamentals of Multinational Finance helps prepare tomorrow's business leaders to comprehend global markets and lead organisations through a constantly changing global e...

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Detalles Bibliográficos
Autor principal: Michael H. Moffett (-)
Otros Autores: Moffett, Michael H., author (author), Stonehill, Arthur I., author, Eiteman, David K., author
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson [2021]
Edición:Sixth, global edition
Materias:
International business enterprises > Finance.
Libros electrónicos.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009749236906719
Tabla de Contenidos:
  • Cover
  • with MyFinanceLab™
  • The Pearson Series in Finance
  • Title Page
  • Copyright Page
  • Preface
  • Brief Contents
  • Contents
  • PART 1 Global Financial Environment
  • Chapter 1 Multinational Financial Management: Opportunities and Challenges
  • 1.1 Financial Globalization and Risk
  • 1.2 The Global Financial Marketplace
  • GLOBAL FINANCE IN PRACTICE 1.1 The Rocketing Swiss Franc
  • 1.3 The Theory of Comparative Advantage
  • 1.4 What Is Different About International Financial Management?
  • GLOBAL FINANCE IN PRACTICE 1.2 The Peso, Dollar, Yen-and Pokémon Go
  • 1.5 The Globalization Process
  • GLOBAL FINANCE IN PRACTICE 1.3 ESG Investment
  • Summary Points
  • MINI-CASE: Crowdfunding Kenya
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 2 The International Monetary System
  • 2.1 History of the International Monetary System
  • GLOBAL FINANCE IN PRACTICE 2.1 Hammering Out an Agreement at Bretton Woods
  • GLOBAL FINANCE IN PRACTICE 2.2 Supranational Currencies
  • 2.2 Fixed Versus Flexible Exchange Rates
  • 2.3 The Impossible Trinity
  • 2.4 A Single Currency for Europe: The Euro
  • 2.5 Emerging Markets and Regime Choices
  • GLOBAL FINANCE IN PRACTICE 2.3 Bulgarian Currency Board and Accession to the Euro Zone
  • Summary Points
  • MINI-CASE: Iceland-A Small Country in a Global Crisis
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 3 The Balance of Payments
  • 3.1 Fundamentals of BOP Accounting
  • 3.2 The Accounts of the Balance of Payments
  • GLOBAL FINANCE IN PRACTICE 3.1 The Global Current Account Surplus
  • GLOBAL FINANCE IN PRACTICE 3.2 Germany's Net International Investment Position (NIIP)
  • 3.3 BOP Impacts on Key Macroeconomic Rates
  • 3.4 Trade Balances and Exchange Rates
  • 3.5 Capital Mobility
  • Summary Points
  • MINI-CASE: Global Remittances
  • Questions
  • Problems
  • Internet Exercises.
  • Chapter 4 Financial Goals and Corporate Governance
  • 4.1 Ownership
  • GLOBAL FINANCE IN PRACTICE 4.1 Why Did Apple Start Paying a Dividend and Raising Debt?
  • 4.2 Publicly Traded Versus Privately Held: The Global Shift
  • 4.3 Corporate Governance
  • GLOBAL FINANCE IN PRACTICE 4.2 Why Did Dell Go Private?
  • GLOBAL FINANCE IN PRACTICE 4.3 Italian Cross-Shareholding and the End of the Salatto Buono
  • GLOBAL FINANCE IN PRACTICE 4.4 Corporate Governance Models
  • Summary Points
  • MINI-CASE: Volkswagen's Defeat Devices and Stakeholder Control
  • Questions
  • Problems
  • Internet Exercises
  • PART 2 Foreign Exchange Theory and Markets
  • Chapter 5 The Foreign Exchange Market
  • 5.1 Functions of the Foreign Exchange Market
  • 5.2 Structure of the Foreign Exchange Market
  • GLOBAL FINANCE IN PRACTICE 5.1 Bankhaus Herstatt and Herstatt Risk
  • GLOBAL FINANCE IN PRACTICE 5.2 Malware, Bangladesh Bank, and Banker's Hours-2016
  • 5.3 Transactions in the Foreign Exchange Market
  • GLOBAL FINANCE IN PRACTICE 5.3 The FX Global Code of Conduct 2016
  • 5.4 Foreign Exchange Rates and Quotations
  • Summary Points
  • MINI-CASE: The Venezuelan Bolivar Black Market
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 6 International Parity Conditions
  • 6.1 Prices and Exchange Rates
  • GLOBAL FINANCE IN PRACTICE 6.1 The Immiseration of the North Korean People-The "Revaluation" of the North Korean Won
  • 6.2 Interest Rates and Exchange Rates
  • GLOBAL FINANCE IN PRACTICE 6.2 Was 2016 the Year of Textbook Failure?
  • 6.3 Forward Rate as an Unbiased Predictor of the Future Spot Rate
  • GLOBAL FINANCE IN PRACTICE 6.3 Mortgages and the Swiss Franc
  • 6.4 Prices, Interest Rates, and Exchange Rates in Equilibrium
  • Summary Points
  • MINI-CASE: Mrs. Watanabe and the Japanese Yen Carry Trade
  • Questions
  • Problems
  • Internet Exercises.
  • Appendix: An Algebraic Primer to International Parity Conditions
  • Chapter 7 Foreign Currency Derivatives: Futures and Options
  • 7.1 Foreign Currency Futures
  • 7.2 Currency Options
  • GLOBAL FINANCE IN PRACTICE 7.1 Euro-Renminbi (EUR-RMB) Options Growth
  • GLOBAL FINANCE IN PRACTICE 7.2 The New Zealand Kiwi, Key, and Krieger
  • 7.3 Option Pricing and Valuation
  • Summary Points
  • MINI-CASE: KiKos and the South Korean Won
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 8 Interest Rate Risk and Swaps
  • 8.1 Interest Rate Foundations
  • GLOBAL FINANCE IN PRACTICE 8.1 The Trouble with LIBOR
  • GLOBAL FINANCE IN PRACTICE 8.2 European Sovereign Debt
  • 8.2 Interest Rate Risk
  • 8.3 Interest Rate Futures and FRAs
  • 8.4 Interest Rate Swaps
  • GLOBAL FINANCE IN PRACTICE 8.3 Procter &amp
  • Gamble and Bankers Trust
  • Summary Points
  • MINI-CASE: Argentina and the Vulture Funds
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 9 Foreign Exchange Rate Determination and Intervention
  • 9.1 Exchange Rate Determination: The Theoretical Thread
  • GLOBAL FINANCE IN PRACTICE 9.1 Technical Analysis of the JPY/USD Rate (Jan 2011-Feb 2014)
  • 9.2 Currency Market Intervention
  • GLOBAL FINANCE IN PRACTICE 9.2 Rules of Thumb for Effective Intervention
  • 9.3 Disequilibrium: Exchange Rates in Emerging Markets
  • GLOBAL FINANCE IN PRACTICE 9.3 The European Monetary System's "Snake in a Tunnel"
  • GLOBAL FINANCE IN PRACTICE 9.4 Was George Soros to Blame for the Asian Crisis?
  • 9.4 Forecasting in Practice
  • Summary Points
  • MINI-CASE: Russian Ruble Roulette
  • Questions
  • Problems
  • Internet Exercises
  • PART 3 Foreign Exchange Exposure
  • Chapter 10 Transaction Exposure
  • 10.1 Types of Foreign Exchange Exposure
  • 10.2 Why Hedge?
  • GLOBAL FINANCE IN PRACTICE 10.1 Hedging and the German Automobile Industry
  • 10.3 Transaction Exposure.
  • 10.4 Transaction Exposure Management: The Case of Aidan
  • GLOBAL FINANCE IN PRACTICE 10.2 Currency Losses at Greenpeace
  • GLOBAL FINANCE IN PRACTICE 10.3 Forward Rates and the Cost of Hedging
  • 10.5 Risk Management in Practice
  • GLOBAL FINANCE IN PRACTICE 10.4 The Credit Crisis and Option Volatilities in 2009
  • Summary Points
  • MINI-CASE: China Noah Corporation
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 11 Translation Exposure
  • 11.1 Overview of Translation
  • 11.2 Translation Methods
  • 11.3 Aidan Corporation's Translation Exposure
  • GLOBAL FINANCE IN PRACTICE 11.1 When the Hedge Becomes the Problem
  • GLOBAL FINANCE IN PRACTICE 11.2 Foreign Subsidiary Valuation
  • 11.4 Managing Translation Exposure
  • GLOBAL FINANCE IN PRACTICE 11.3 Foreign Currency Hedge Accounting
  • Summary Points
  • MINI-CASE: McDonald's, Hoover Hedges, and Cross-Currency Swaps
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 12 Operating Exposure
  • 12.1 A Multinational's Operating Exposure
  • GLOBAL FINANCE IN PRACTICE 12.1 Expecting the Devaluation-Ford and Venezuela
  • 12.2 Measuring Operating Exposure: Aidan Turkey
  • 12.3 Strategic Management of Operating Exposure
  • GLOBAL FINANCE IN PRACTICE 12.2 Do Fixed Exchange Rates Increase Corporate Currency Risk in Emerging Markets?
  • GLOBAL FINANCE IN PRACTICE 12.3 The United Kingdom and Europe: Trans-Channel Currency Shifts
  • 12.4 Proactive Management of Operating Exposure
  • GLOBAL FINANCE IN PRACTICE 12.4 Hedging Hogs: Risk Sharing at Harley-Davidson
  • Summary Points
  • MINI-CASE: Brexit and Rolls-Royce
  • Questions
  • Problems
  • Internet Exercises
  • PART 4 Financing the Global Firm
  • Chapter 13 Global Cost and Availability of Capital
  • 13.1 Financial Globalization and Strategy
  • GLOBAL FINANCE IN PRACTICE 13.1 Ferrari's IPO-The Potential of the Prancing Horse.
  • 13.2 International Portfolio Theory and Diversification
  • 13.3 The Role of International Portfolio Investors
  • GLOBAL FINANCE IN PRACTICE 13.2 Emerging Market Growth Companies-IPOs and Corporate Governance
  • GLOBAL FINANCE IN PRACTICE 13.3 Culture and Investment Behavior
  • 13.4 The Cost of Capital for MNEs Compared to Domestic Firms
  • Summary Points
  • MINI-CASE: Novo Industri A/S (Novo)
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 14 Funding the Multinational Firm
  • 14.1 Designing a Strategy to Source Capital Globally
  • 14.2 Optimal Financial Structure
  • 14.3 Raising Equity Globally
  • 14.4 Depositary Receipts
  • GLOBAL FINANCE IN PRACTICE 14.1 Evolution of Global Financing in the Shale Sector
  • 14.5 Private Placement
  • 14.6 Raising Debt Globally
  • 14.7 Financing Foreign Subsidiaries
  • GLOBAL FINANCE IN PRACTICE 14.2 Islamic Finance
  • GLOBAL FINANCE IN PRACTICE 14.3 Financial Structure of a Russian Joint Venture
  • Summary Points
  • MINI-CASE: Petrobras of Brazil and the Cost of Capital
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 15 Multinational Tax Management
  • GLOBAL FINANCE IN PRACTICE 15.1 The Impact of Tax on Business Decisions
  • 15.1 Tax Principles and Practices
  • GLOBAL FINANCE IN PRACTICE 15.2 The Panama Papers
  • GLOBAL FINANCE IN PRACTICE 15.3 Offshore Profits and Dividend Repatriation
  • 15.3 Google: An Illustrative Case of Profit Repositioning
  • GLOBAL FINANCE IN PRACTICE 15.4 Hewlett-Packard's Offshore Cash and Staggered Loan Program
  • 15.4 Global Tax Competitiveness
  • Summary Points
  • MINI-CASE: Apple's Global iTax Strategy
  • Questions
  • Problems
  • Internet Exercises
  • Chapter 16 International Trade Finance
  • 16.1 The Trade Relationship
  • 16.2 Key Documents
  • GLOBAL FINANCE IN PRACTICE 16.1 Florence-The Birthplace of Trade Financing.
  • 16.3 Government Programs to Help Finance Exports.

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