International Finance – Theory into Practice

International Finance – Theory into Practice

by PietSercu (Author)

Synopsis

International Finance presents the corporate uses of international financial markets to upper undergraduate and graduate students of business finance and financial economics. Combining practical knowledge, up-to-date theories, and real-world applications, this textbook explores issues of valuation, funding, and risk management. International Finance shows how theoretical applications can be brought into managerial practice. The text includes an extensive introduction followed by three main sections: currency markets; exchange risk, exposure, and risk management; and long-term international funding and direct investment. Each section begins with a short case study, and each of the sections' chapters concludes with a CFO summary, examining how a hypothetical chief financial officer might apply topics to a managerial setting. The book also contains end-of-chapter questions to help students grasp the material presented. Focusing on international markets and multinational corporate finance, International Finance is the go-to resource for students seeking a complete understanding of the field. * Rigorous focus on international financial markets and corporate finance concepts * An up-to-date and practice-oriented approach * Strong real-world examples and applications * Comprehensive look at valuation, funding, and risk management * Introductory case studies and "CFO summaries," and end-of-chapter quiz questions * Solutions to the quiz questions are available online

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More Information

Format: Illustrated
Pages: 832
Edition: Illustrated
Publisher: Princeton University Press
Published: 22 Mar 2009

ISBN 10: 069113667X
ISBN 13: 9780691136677
Book Overview: This will become a classic of international finance. -- Philippe Jorion, University of California, Irvine This book combines a rigor and practicality that few leading finance textbooks achieve. Once you have read it you will understand what matters in international finance, what does not, and how to deal with both. -- Ian Cooper, London Business School I cannot think of a more comprehensive and more operationally relevant textbook than this one. Having read it, a student or practitioner is ready for operational work and duly prepared to avoid all the conceptual pitfalls commonly encountered on the international side of finance. -- Bernard Dumas, University of Lausanne and Swiss Finance Institute This textbook employs modern finance in an international setting, all presented in the clearest, most stimulating way. In addition to each chapter being accompanied by a set of exercises, each part of the textbook is also nicely complemented by a case study. Comprehensive and up to date, the book covers everything from forward exchange rates, exchange risks, costs of international capital, and international taxation, to cross listings, swaps, and values at risk. There is no doubt this is the premier textbook for international finance. -- Suleyman Basak, London Business School Piet Sercu's tour de force provides the most comprehensive treatment of major issues in international finance among all the books in the field. The author defines the key issues up front, tackles them in a coherent and focused manner, and strikes the right balance between basic concepts and practical applications. Readers can feel the pulse of world financial markets from the author's lively explanations of market mechanisms and conventions. Clear, entertaining, and up-to-date, this book sets a high standard for the study of international finance. -- Cheol Eun, Georgia Institute of Technology Analytical and rigorous, International Finance presents fresh data, cohesively organized chapters, and timely issues. -- G. Andrew Karolyi, Ohio State University This accessible and important book provides a big picture for corporate finance within the context of the international financial markets. -- Karen K. Lewis, University of Pennsylvania

Media Reviews
[This] is the most comprehensive textbook on the financing, transactional, and risk management side of international trade and investment currently available... Compared to many other textbooks, this one excels at focusing on the topic at hand and not merely providing a corporate or derivative textbook with some international flavor added. The book provides more than ample material for courses on financial markets and business finance. --Evert Wipplinger, Financial Markets and Portfolio Management
Author Bio
Piet Sercu is professor of international finance at the Catholic University of Leuven. He is the coauthor, with Raman Uppal, of International Financial Markets and the Firm .