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International Finance

International Finance


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About the Book

The fifth edition of Maurice D. Levi’s classic textbook has been updated to incorporate the massive changes in the world of international finance of the past few years. In particular, the emergence of new markets is given broad coverage – particularly the rise to financial prominence of China and India and other growth economies in Asia and elsewhere. Key features of the book include: the impact of globalization and the greater connectedness of national economies and the world economy as a whole probably the best introduction to exchange rates available and how they directly impact upon firms as well as governments the continued massive impact of multinational corporations on the global financial scene as well as the opportunities presented by e-commerce. The material is interlaced with a wealth of supplementary material including real world case studies, review questions, examples and objectives. The result is the most authoritative survey of international finance currently available. Thoroughly updated and with a large amount of new information, this text will prove an indispensable guide to the inner workings of international finance to students of economics and business as well as professionals in the finance industry.

Table of Contents:
Preface   1. The World of International Finance   2.  An Introduction to Exchange Rates   3. Forward Exchange   4. Currency Futures and Options Markets   5. The Balance of Payments   6. Supply and Demand View of Exchange Rates   7. The Purchasing-Power Parity Principle   8. Interest Parity   9. Foreign Exchange Exposure and Risk   10. Accounting Exposure Versus Real Exposure   11. Operating Exposure   12. Hedging Risk and Exposure   13. Exchange Rate Forecasting and Speculation   14. Cash Management   15. Portfolio Investment   16. Capital Budgeting for Foreign Investment   17. The Growth and Concerns About Multinationals   18. International Dimensions of Long-Term Financing   19. Multinational Banking   20. Instruments and Institutions of International Trade   21. Asset-Based Theories of Exchange Rates   22. Alternative Systems of Exchange Rates   23. The International Financial System: Past, Present and Future   24. The Rise of the Asian Economies   25. Finance in Emerging Markets   26. Globalization

About the Author :
Maurice D. Levi is Bank of Montreal Professor of International Finance in the Sauder School of Business at the University of British Columbia, Canada.


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Product Details
  • ISBN-13: 9781138690073
  • Publisher: Taylor & Francis Ltd
  • Publisher Imprint: Routledge
  • Height: 246 mm
  • No of Pages: 586
  • Width: 189 mm
  • ISBN-10: 1138690074
  • Publisher Date: 31 Dec 2023
  • Binding: Graphic Novel
  • Language: English
  • No of Pages: 586


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