Multinational Finance

Wiley-Blackwell, 2008. Paperback. Good. Multinational Finance assumes the viewpoint of the financial manager of a m ultinational corporation with investment or financial operations in more th an one country. The text provides a framework for evaluating the many oppor tunities, costs, and risks of multinational operations in a manner that all ows readers to see beyond the algebra and terminology to the general princi ples of multinational financial management. Multinational Finance includes coverage of traditional topics such as forei gn exchange and Eurocurrency markets, multinational treasury management, ma nagement of currency risk exposures (transaction, operating, and translatio n), country risk, multinational capital structure and cost of capital, taxa tion of foreign source income, and international portfolio diversification. Also included are distinctive chapters on the economic rationale for hedgi ng currency risks, derivatives markets (with separate chapters on currency futures, options, and swaps), real options in international markets, intern ational corporate governance, and international asset pricing. Intended for MBA and advanced undergraduate classes, the text requires only a single preparatory course in finance. Chapters that extend material from the first course begin with a brief review of the fundamentals. Numerous graphs and figures assist the reader in understanding key financial concepts and techniques are used in practice. Advanced material is placed in chapter appendices, so that study can be tailored to each individual's objectives.