includes references and index

Cover; Contents; Preface; Acknowledgments; I: Introduction and Motivation for International Finance; II: Currency Markets; III: Exchange Risk, Exposure, and Risk Management; IV: Long-Term International Funding and Direct Investment; Further Reading; References; Index

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 fun