The leaders of MNEs face numerous foreign exchange and political risks. These risks can be daunting, but they also present opportunities for creating value if properly understood. These opportunities and risks are most effectively understood in the context of the global business itself, and the ability of management to integrate the strategic and financial challenges that business faces. Financial leadership. Increased detail is given on changing currency regimes, theory, and practice, as emerging market currencies become ever-greater contributors to global cash flow.
Content helps students discover the growing complexity of major emerging markets, which are more open to capital movements, but also subject to sudden government or central bank intervention in pursuit of sovereign goals and objectives.
Increased coverage of the multitude of different currency regimes and devices used by sovereigns over their currencies and markets--currencies like the Chinese yuan, the Russian ruble, the Indian rupee, the Turkish lira, and the South African rand, have been added.
Get students straight to the point with streamlined content Concise text quickly provides students with all of the information they need to know. International monetary system chapters cover both the fundamental principles of defining a currency with the complexities of macroeconomic policy and digital exchange.
Creation and use of currency and interest rate derivatives for hedging and speculation is covered in selectively reorganised chapters. Raising equity capital and international portfolio theory complete a unified exploration of the global cost and availability of capital. Sources of capital and changing financial structures used by multinational firms provide a more integrated presentation, combining theory and current practice.
New to This Edition. A new chapter has been introduced that details the various interest rate risks of the MNE and the practical use of interest rate and cross-currency swaps. The Impossible Trinity. New material in this edition explores in depth how the changing structure of the global foreign exchange market--trading, communication, and settlement--is posing challenges for private players and public regulators and overseers.
International Taxation. Integrally linked to a world of digital commerce, multinational tax management continues to rise in its significance in multinational financial management. Renowned for its authoritative, comprehensive coverage of contemporary international finance, this text trains the leaders of tomorrow's multinational enterprises to recognise and capitalise on the unique characteristics of global markets.
An extensive process of market research has formed the basis of this new edition. The approach is to treat international financial management as a natural extension of financial management principles. Because of this, the book builds on the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance. Via illuminating case studies and real--world examples, readers are introduced to the fundamental concepts and tools necessary to implement an effective global financial management strategy.
The 6th Edition reflects the juxtaposed forces of an increasingly digital global marketplace and a resurgence of nationalist culture and identity. Financial forces, markets, and management are in many ways at the crux of this challenge. This edition reflects a business world trying to find a new balance between business startups like the micro-multinational, a maturing China, a separatist Britain Brexit , and an attempt by governments globally to channel, regulate and tax multinational firms that continue to grow in stature and strength.
Via illuminating case studies and real-world examples, students are introduced to the fundamental concepts and tools necessary to implement an effective global financial management strategy. The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf available as a free download , available online and also via the iPad and Android apps.
Upon purchase, you will receive via email the code and instructions on how to access this product. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed. Focused on real-life decision making in an international context, this text demystifies and simplifies multinational financial management by showing that it is a natural and logical extension of the principles and valuation framework provided by domestic corporate financial management-but with dimensions unique to international finance.
This edition includes the many new financial management challenges faced by today's business leaders-while still providing students with a streamlined text that gets straight to the important concepts. Skip to content. Multinational Finance. Author : Kirt C. Multinational Finance Book Review:. Exchange Rates and International Finance. Acclaimed for its clarity, Exchange Rates and International Finance provides an approachable guide to the causes and consequences of exchange rate fluctuations, enabling you to grasp the essentials of the theory and its relevance to these major events in currency markets.
The orientation of the book remains towards exchange rate. This thoroughly revised and updated Sixth Edition is a result of the enthusiastic reception accorded by the readers to the earlier editions and the wide adoption of the book in academic institutions.
While retaining the major contents of the earlier editions, the new edition provides a clear understanding of the. Fundamentals of Multinational Finance. This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. Real-world examples introduce readers to global financial management strategy. A new study guide, written by Jeff Madura and Oliver Schnusenberg, now accompanies the text.
This study guide focuses on helping students test their knowledge of the material. Eiteman,Arthur I. Stonehill,Michael H. Multinational Business Finance Book Review:. Multinational Finance. Author : Kirt C. Multinational Finance Book Review:. Study Guide for Fundamentals of Multinational Finance.
Moffett,Onur Arugaslan,Arthur I. Fundamentals of Multinational Finance 2nd Ed. International Financial Management. Author : Arthur I. Stonehill,John H. Dunning,Michael H. International Financial Management Book Review:. Multinational Financial Management. Author : Alan C. Multinational Financial Management Book Review:.
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