Multinational Finance, 2^nd Ed.

Kirt C. Butler

Publisher: Thomson, 2000 , 682 pages

ISBN: 0-324-00450-8

Synopsis:

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MULTINATIONAL FINANCE provides a concise treatment of the investment and financial decisions facing the multinational corporation. The text provides a framework for evaluating the opportunities, costs and risks of multinational operations so readers can see beyond the algebra and terminology to general principles. It is distinguished by its logical organization, superior pedagogy, and clear, non-technical writing style. It includes the traditional international finance topics of foreign exchange, currency and derivatives markets, currency risk (transaction, operating and translation) management, country risk, taxation, capital structure, cost of capital, and international portfolio diversification. It also has  chapters on multinational treasury management, options on real assets, corporate governance, asset pricing, and international portfolio management.

Table of Contents:

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• Part I: Overview and Background
1. An Introduction to Multinational Finance
2. World Trade and the International Monetary System
   
• Part II: Foreign Exchange and Exchange Rate Determination
3. The Foreign Exchange and Eurocurrency Markets
4. The International Parity Conditions
5. The Nature of Currency Risk
   
• Part III: The Multinational Corporation's Investment Decisions
6. Multinational Corporate Strategy
7. Cross-Border Capital Budgeting
8. Taxes and Multinational Corporate Strategy
9. Country Risk
10. Real Options and Cross-Border Investment
11. Corporate Governance and the International Market for Corporate Control
    
• Part IV: The Multinational Corporation's Financial Decisions
12. Multinational Treasury Management
13. The Rationale for Hedging Currency Risk
14. Transaction Exposure to Currency Risk
15. Operating Exposure to Currency Risk
16. Translating Exposure to Currency Risk
17. Multinational Capital Structure and Cost of Capital
    
• Part V: Derivative Securities for Currency Risk Management
18. Currency Futures and Futures Markets
19. Currency Options and Options Markets
20. Currency Swaps and Swaps Markets
    
• Part VI: International Capital Markets and Portfolio Investment
21. A Tour of the World's Capital Markets
22. International Portfolio Diversification
23. International Asset Pricing
24. Managing an International Investment Portfolio