ABSTRACT

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.

chapter 1|26 pages

The world of international finance

part |2 pages

PART I THE MARKETS FOR FOREIGN EXCHANGE

chapter 2|24 pages

An introduction to exchange rates

chapter 3|15 pages

Forward exchange

chapter 4|27 pages

Currency futures and options markets

part |2 pages

Part 2: The determination of exchange rates

chapter 5|22 pages

The balance of payments

chapter 6|22 pages

Supply-and-demand view of exchange rates

part |2 pages

Part 3: The fundamental international parity conditions

chapter 7|16 pages

The purchasing-power-parity principle

chapter 8|30 pages

Interest parity

part |2 pages

PART IV MANAGING FOREIGN EXCHANGE RISK AND EXPOSURE

chapter 9|25 pages

Foreign exchange exposure and risk

chapter 10|14 pages

Accounting exposure versus real exposure

chapter 11|26 pages

Operating exposure

chapter 12|24 pages

Hedging risk and exposure

chapter 13|25 pages

Exchange-rate forecasting and speculation

part |2 pages

Part 5: International investment and financing

chapter 14|15 pages

Cash management

chapter 15|24 pages

Portfolio investment

chapter 16|27 pages

Capital budgeting for foreign investments

chapter 17|24 pages

The growth and concerns about multinationals

part |2 pages

PART VI INSTITUTIONAL STRUCTURE OF INTERNATIONAL TRADE AND FINANCE

chapter 19|22 pages

Multinational banking

part |2 pages

Part 7: The international macroeconomic environment: theories and practices