Wiley Multinational Financial Management: Study Guide

∗ Integrates economic and political factors underlying exchange rate determination. ∗ Uses the balance–of–payments framework to assess economic links among nations. ∗ Presents a comprehensive discussion of the foreign exchange market. ∗ Discusses the key parity conditions in international finance that relate interest rates, exchange rates, and inflation rates, and the underlying arbitrage considerations that determine them–along with numerous real–world applications. ∗ Presents distinctions between real and nominal exchange rates and between accounting and economic exposure and their significance for exchange risk management. ∗ Provides a comprehensive discussion of the mechanisms multinational firms use to manage interaffiliate fund flows on a global basis. ∗ Presents the underpinnings of financial markets and the implications for international capital flows. ∗ Presents specialized financing and risk management techniques. ∗ Discusses the assessment of the cost of capital for foreign investments. ∗ Discusses the nature and consequences of international portfolio investment, including emerging market investments. ∗ Presents the development of global strategies of multinational corporations. ∗ Provides the means for analyzing foreign investments. ∗ Covers political risk measurement and management. ∗ Includes a number of distinctive pedagogical features including real–world examples, vignettes, illustrations, and hundreds of realistic end–of–chapter questions and problems.