International Financial Management, w/cd

Anuj Verma

ISBN: 9789350043042

568 pages

INR 499


The book, International Financial Management aims to explore the theoretical framework of international financial concepts and systems. It contains a number of solved problems to highlight the practical aspects of international finance as well as diagrams and graphs to facilitate better understanding of the concepts. Case studies are incorporated in every chapter to familiarize readers with real world problems and ways to handle them. The simple and eloquent language of the book provides deeper insight of international financial concepts with practical applications as the book contains everything about international financial management from minor to major level.

Chapter 1: An Overview of International Financial Management
1.1 Introduction
1.2 Concept of International Financial Management
1.3 International Trade
1.4 The Finance Function of an MNC
1.5 Recent Developments in the International Financial Environment
1.6 Challenges in International Financial Management
1.7 India as a Global Economy - International Trade Relations

Chapter 2: International Monetary System
2.1 Introduction
2.2 International Monetary System
2.3 Exchange Rate Regime
2.4 International Financial Institutions (IFIs)
2.5 International Liquidity (IL) and Special Drawing Rights (SDRs)
2.6 Economic and Monetary Union (EMU)
2.7 International Banking Services

Chapter 3: International Financial Markets
3.1 Introduction
3.2 Concept of International Financial Market
3.3 Types of International Financial Markets
3.4 Economic Impact of Off-shore and Euro markets

Chapter 4: Balance of Payments
4.1 Introduction
4.2 Concept of Balance of Payments
4.3 Components of the Balance of Payments
4.4 Accounting Principles of BOP
4.5 Deficit and Surplus in BOP
4.6 Valuation and Timing of Balance of Payments
4.7 Importance of BOP
4.8 Limitations of BOP
4.9 Adjustment of demand and supply of foreign currency
4.10 Link between national economy and international activities

Chapter 5: Theories and Policies of International Trade
5.1 Introduction
5.2 FOREX Market
5.3 Structure of FOREX Market
5.4 Types of Transactions and Settlement Dates of FOREX Market
5.5 Exchange Rate Quotations
5.6 Spot Rate Quotations
5.7 Mechanism of Inter-bank Trading
5.8 Arbitrage in Spot Market
5.9 Forward Quotations
5.10 Forecasting Foreign Exchange Rate
5.11 Exchange Rate Determination
5.12 Indian FOREX Market
5.13 Summary

Chapter 6: Derivatives - A Major Innovation in Financial Markets
6.1 Introduction
6.2 Definition of Derivatives
6.3 Reasons for a Booming Derivatives Market
6.4 Types of Derivatives
6.5 Derivatives in India

Chapter 7: Currency Futures Contracts
7.1 Introduction
7.2 Currency Futures Contracts
7.3 Futures Contracts Trading Process
7.4 Futures Price Quotation
7.5 Hedging and Speculation in Currency Futures Contracts

Chapter 8: Currency Options
8.1 Introduction
8.2 Concept of Currency Options
8.3 Options Terminology
8.4 Option Price Quotations
8.5 Elementary Option Strategies
8.6 Hedging in options
8.7 Valuation of Options
8.8 Futures Options
8.9 Currency Options in India

Chapter 9: Interest Rate Parity, Futures, Options and Swaps
9.1 Introduction
9.2 Interest Rate in the Global Market
9.3 Interest Rate Parity
9.4 Interest Rate Futures
9.5 Interest Rate Option
9.6 Interest Rate Swaps

Chapter 10: Foreign Exchange Risk Management
10.1 Introduction
10.2 Overview of FOREX Risk
10.3 Definition of Exposure
10.4 Types of Exposure
10.5 Classification of Foreign Exchange Risk
10.6 Techniques to Manage Foreign Exchange Risk
10.7 Corporate Internal Hedging Strategies
10.8 Exchange Risk Management Process
10.9 Measurement of Exchange Risk

Chapter 11: Measuring and Managing FOREX Exposure
11.1 Introduction
11.2 Measurement of Foreign Exchange Exposure
11.3 Management of FOREX Exposure

Chapter 12: Short-term International Financing
12.1 Introduction
12.2 Short-term International Financing and its Sources
12.3 Internal Financing by MNCs
12.4 Determination of the Effective Financing Rate
12.5 Criteria for Foreign Financing
12.6 Management of Surplus Cash
12.7 Centralized vs. Decentralized Cash Management
12.8 Cash Transmission

Chapter 13: Long-term International Financing
13.1 Introduction
13.2 Understanding Long-term International Financing
13.3 Sourcing Equity Globally
13.4 Factors Affecting International Equity Returns
13.5 Advantages of Sourcing Equity Globally
13.6 Sourcing Debt Globally

Chapter 14: Foreign Investments
14.1 Introduction
14.2 Concept of Foreign Investment
14.3 Need for Foreign Investments
14.4 Alternative Ways of Foreign Investments
14.5 FDI and its Types
14.6 Theories of FDI
14.7 International Portfolio Investments
14.8 Recent Developments in Indian Foreign Investments

Chapter 15: Multinational Capital Budgeting and Project Appraisals
15.1 Introduction
15.2 Understanding Multinational Capital Budgeting
15.3 Concepts of Multinational Project Appraisals
15.4 Subsidiary vs. Parent Perspective of Multinational Capital Budgeting
15.5 Factors Affecting Multinational Capital Budgeting
15.6 Different Approaches of Multinational Capital Budgeting
15.7 Risks Associated with International Projects

Chapter 16: International Accounting Standards
16.1 Introduction
16.2 Concept of International Accounting Standards
16.3 National and International Accounting Standards
16.4 Consolidation of MNC Accounts and Currency Translation

Chapter 17: International Taxation
17.1 Introduction
17.2 Concept of International Taxation
17.3 Meaning and Natures of Taxes
17.4 Objectives of International Taxation
17.5 Central Principles of International Taxation
17.6 Double Taxation
17.7 Double Taxation Relief

Chapter 18: International Banking
18.1 Introduction
18.2 Internationalization of Banks
18.3 Financial Intermediation in International Banking
18.4 Rate of Interest
18.5 Risk Management in the International Banking System
18.6 Basel and Risk Management
18.7 Indicators for the Stability of the Banking System

Chapter 19: Country Risk Analysis
19.1 Introduction
19.2 Concept of Country Risk Analysis
19.3 Country Risk Factors
19.4 Incorporating the Political Risk in Capital Budgeting Techniques
19.5 Techniques of Country Risk Analysis and Country Risk Rating
19.6 Sources of Data for Country Risk
19.7 Managing the Country Risk
19.8 Country Risk Analysis in India