Author Bio:
Jeff Madura is Emeritus Professor of Finance at Florida Atlantic University. The recipient of multiple awards for excellence in teaching and research, Dr Madura has written several successful finance textbooks. His research on financial markets and institutions has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Money, Credit and Banking; Financial Management; Journal of Financial Research; and Financial Review. Dr Madura has served as a consultant for international banks, securities firms and other multinational corporations. In addition, and he is a former director of the Eastern Finance Association and a former director and president of the Southern Finance Association. He earned his BS and MA from Northern Illinois University and his DBA from Florida State University.
Brief Contents
PART 1: The International Financial Environment 1
1 Multinational Financial Management: An Overview 3
2 International Flow of Funds 33
3 International Financial Markets 63
4 Exchange Rate Determination 103
5 Currency Derivatives 131
PART 2: Exchange Rate Behavior 185
6 Government Influence on Exchange Rates 187
7 International Arbitrage and Interest Rate Parity 227
8 Relationships among Inflation, Interest Rates, and Exchange Rates 257
PART 4: Long-Term Asset and Liability Management 415
13 Direct Foreign Investment 417
14 Multinational Capital Budgeting 437
15 International Corporate Governance and Control 477
16 Country Risk Analysis 503
17 Multinational Capital Structure and Cost of Capital 527
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 697
Index 705