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International Financial Management
14th Edition
Jeff Madura Florida Atlantic University
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Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Printed in United State of America Print Number: 01 Print Year: 2020
© 2021, 2018 Cengage Learning, Inc.International Financial Management, Fourteenth Edition Jeff Madura
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Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
WCN: 02-300
iii
PART 1: The International Financial Environment 1 1 Multinational Financial Management: An Overview 3 2 International Flow of Funds 31 3 International Financial Markets 61 4 Exchange Rate Determination 101 5 Currency Derivatives 131
PART 2: Exchange Rate Behavior 185 6 Government Inf luence on Exchange Rates 187 7 International Arbitrage and Interest Rate Parity 227 8 Relationships among Inf lation, Interest Rates, and Exchange Rates 259
PART 3: Exchange Rate Risk Management 297 9 Forecasting Exchange Rates 299 10 Measuring Exposure to Exchange Rate Fluctuations 325 11 Managing Transaction Exposure 355 12 Managing Economic Exposure and Translation Exposure 393
PART 4: Long-Term Asset and Liability Management 413 13 Direct Foreign Investment 415 14 Multinational Capital Budgeting 435 15 International Corporate Governance and Control 475 16 Country Risk Analysis 501 17 Multinational Capital Structure and Cost of Capital 525 18 Long-Term Debt Financing 551
PART 5: Short-Term Asset and Liability Management 575 19 Financing International Trade 577 20 Short-Term Financing 595 21 International Cash Management 611
Appendix A: Answers to Self-Test Questions 643 Appendix B: Supplemental Cases 656 Appendix C: Using Excel to Conduct Analysis 676 Appendix D: International Investing Project 684 Appendix E: Discussion in the Boardroom 687 Appendix F: Use of Bitcoin to Conduct International Transactions 695 Glossary 698 Index 705
Brief Contents
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.
Copyright 2021 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights
