Book description
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Table of contents
- Cover
- About Pearson
- Half Title Page
- Title Page
- Copyright Page
- Dedication
- The Prelude
- About the Author
- Brief Contents
- Contents (1/2)
- Contents (2/2)
- Foreword to First Edition
- Preface to Third Edition (1/2)
- Preface to Third Edition (2/2)
- Preface to Second Edition
- Acknowledgements
- Testimonials
- 1. A Paradigm for Financial Decision Making
- 1.4. International Finance and Domestic Finance
- 2. Financial Technology
-
3. Foreign Exchange Market Structure
- 3.1. The Enablers
- 3.2. Currencies of Countries
- 3.3. The Foreign Exchange Market
- 3.4. The U.S. Dollar as a Vehicle Currency
- 3.5. Trends in Foreign Exchange Trading
-
3.6. The Foreign Exchange Market in India
- 3.6.1. The Market Structure
- 3.6.2. Trading Platforms and Settlements
- 3.6.3. Telegraphic Transfer (TT) Rates and Bill Rates
- 3.6.4. The Market Turnover
- 3.6.5. Foreign Exchange Derivatives Market in India
- 3.6.6. The Non-deliverable Forward Market (NDF)
- 3.6.7. The International Financial Services Centre (IFSC)
- Key Takeaways
- QUESTIONS FOR REVIEW
- Multiple ChoiCe Questions
- Further Reading
-
4. Foreign Exchange Market Operations
- 4.1. Base Currency and Terms Currency
- 4.2. American Terms and European Terms
- 4.3. Direct Quotes and Indirect Quotes
- 4.4. Bid/Ask Rates
- 4.5. Pip and Lot
- 4.6. Spot and Forward Transactions
- 4.7. Foreign Exchange Swaps
- 4.8. Cross Rates
- 4.9. Arbitrage
- 4.10. Nostro, Vostro, and Loro Accounts
- 4.11. Closing of Positions
-
5. The International Monetary System
- 5.1. The Gold Standard
- 5.2. The Gold Exchange Standard
- 5.3. The Bretton Woods System
- 5.4. Post-Bretton Woods Systems
- 5.5. Alternative Exchange Rate Regimes
- 5.6. The IMF Classification of Exchange Rate Regimes
- 5.7. Selection and Management of ExchangeRate Regimes
- 5.8. Exchange Rate Policy and Monetary Policy
- 5.9. The Par Rate of Exchange
- 5.10. Regional Monetary Integration – A Case of theEuropean Union
- 5.11. Exchange Rate of the Indian Rupee
- 5.12. Depreciation, Appreciation, Devaluation, andRevaluation
- 5.13. Convertibility of Currency
- 5.14. Intervention and Sterilization
- 5.15. International Liquidity and International Reserves
-
6. The Balance of Payments: Structure and Implications
- 6.1. The Balance of Payments Manual
- 6.2. Functions of BoP
- 6.3. Principles of BoP
- 6.4. The BoP Accounting
- 6.5. Current Account, Capital and Financial Account, and Reserve Account: A Relationship
- 6.6. National Income and International Transactions
- 6.7. The Current Account Deficit
- 6.8. The Equilibrium in BoP
- 6.9. BoP under Floating Exchange Rate Regime
- 6.10. BoP under Fixed Exchange Rate Regime
- 6.11. The BoP and Money Supply
- 6.12. India’s Balance of Payments
-
7. International Parity Relationships
- 7.1. Exchange Rate Determination
- 7.2. Factors Influencing Exchange Rates
- 7.3. The BoP Theory of Exchange Rates
- 7.4. The Law of One Price
- 7.5. The Purchasing Power Parity (PPP) Theory
- 7.6. The Real Exchange Rate
- 7.7. Interest Rates and Exchange Rates
- 7.8. Forward Rate Parity
- 7.9. The Fisher Effect
- 7.10. The International Fisher Relation
- 7.11. Interrelationship of Parity Conditions
- 7.12. Exchange Rate Forecasting
-
8. Management of Foreign Exchange Exposure and Risk
- 8.1. Foreign Exchange Exposure and Risk: Econometric Analysis
- 8.3. Types of Exposure
- 8.4. Forecasting Exchange Rates – A Simple Approach
-
9. Currency Forwards and Futures
- 9.1. Currency Forward Contracts
- 9.1.1. Forward Premium and Forward Discount
-
9.2. Currency Futures Contracts
- 9.2.1. Futures Payoffs
- 9.2.2. Long Hedge and Short Hedge
- 9.2.3. Futures Exchanges and Standards
- 9.2.4. Margins
- 9.2.5. Marking to Market
- 9.2.6. Settlement
- 9.2.7. Limits
- 9.2.8. Traders and Trading Operations
- 9.2.9. Spreads
- 9.2.10. Trading Platforms and Participants
- 9.2.11. Types of Orders
- 9.2.12. Clearing House
- 9.2.13. Public Quotes
- 9.3. Forwards and Futures: A Comparison
- 9.4. Relationship between Spot Rates and Futures Prices
- 9.5. Pricing of Currency Futures
- 9.6. The Hedge Ratio
- 9.7. Cross-Hedging and Delta Cross-Hedging
- 9.8. The U.S. Dollar Index (USDX) Futures
- 9.9. Currency Futures in India
- 9.10. A Glimpse of Two Major Futures Exchanges
-
10. Currency Options
- 10.1. Forms of Options
- 10.2. In-the-Money, Out-of-the-Money, and At-the-Money
- 10.3. Disposing of Options
- 10.4. The Chemistry of Options
- 10.5. Option Value
- 10.6. Bounds for Option Prices
- 10.7. Determinants of Option Price
- 10.8. Trading Strategies
- 10.9. The Binomial Option Pricing Model (1/2)
- 10.9. The Binomial Option Pricing Model (2/2)
- 10.10. The Black-Scholes Valuation Model
- 10.11. Put-Call Parity
- 10.12. The Greeks
- 10.13. Forwards/Futures and Options: A Comparison
- 10.14. Futures Options
- 10.15. Currency Options Trading in India
-
11 . Financial Swaps
- 11.1. Parallel Loans
- 11.2. Back-to-Back Loans
-
11.3. Types of Swaps
-
11.3.1. Interest Rate Swaps
- Basis Swaps
- Other Types of Interest Rate Swaps
- Comparative Advantages in Interest Rate Swaps
- Intermediation in Interest Rate Swap Deals
- Market Making in Interest Rate Swaps
- Swaptions: Options on Interest Rate Swaps
- Benefits of Interest Rate Swaps
- Value of Interest Rate Swaps
- Caps, floors, and collars
- 11.3.2. Currency Swaps (1/2)
- 11.3.2. Currency Swaps (2/2)
- 11.3.3. Non-deliverable Currency Swaps
- 11.3.4. Foreign Exchange Swaps
-
11.3.1. Interest Rate Swaps
- 11.4. A Swap as a Series of Forward Contracts
- 11.5. Market Quotations for Swaps
- 11.6. Credit Default Swaps
- 12. Interest Rate Futures
-
13. Cross–border Investment Decisions
- 13.1. Capital Budgeting
- 13.2. Approaches to Project Evaluation
- 13.3. Risks in Cross-border Investment Decisions
- 13.4. Incorporating Risk in Investment Decisions
- 13.5. Real Options
- 14. Financing Decisions of MNCs
- 14.1. The Cost of Capital
- 14.2. Capital Structure
- 14.3. Methods of Raising Capital
- 15. Management of Working Capital: An International Perspective
-
16. International Trade
- 16.1. Theories of International Trade
- 16.2. Trade Agreements
- 16.3. Trends in World Trade
- 16.4. India’s External Sector
- 16.5. International Trade Finance
- 16.6. Documents Used in International Trade Finance
- 16.7. Institutional Credit
- 16.8. Imports into India: Guidelines for Trade Credit (RBI Circular dated 13 March 2019)
- 16.9. Forfaiting
- 16.10. Countertrade
- 16.11. Export-Import Bank of India (India Exim Bank)
- 16.12. Export Credit Guarantee Corporation (ECGC)
-
17. Foreign Investment Policy
- FDI vs FII
- 17.1. Foreign Direct Investment
-
17.2. Foreign Investments in India
- 17.2.1. FDI Policy
- 17.2.2. Foreign Portfolio Investment Policy
- 17.2.3. External Commercial Borrowing (ECB) and External Commercial Lending (ECL)
- 17.2.4. Global Depository Receipts (GDRs)/American Depository Receipts (ADRs)
- 17.2.5. Indian Depository Receipts
- 17.2.6. Investment by a Foreign Venture capital Investor (FVCI)
- 17.3. Foreign Investments by Indian Companies
- 17.4. The Bilateral Investment Promotion and Protection Agreement
-
18. Portfolio Theory: An International Perspective
-
18.1. The Markowitz Portfolio Model
- 18.1.1. Return on Individual Security Investment
- 18.1.2. Risk of Individual Security Investment
- 18.1.3. Portfolio Return
- 18.1.4. Portfolio Risk
- 18.1.5. Role of Covariance in Portfolio Risk
- 18.1.6. Correlation Coefficient in Portfolio Risk Assessment
- 18.1.7. The Efficient Frontier
- 18.1.8. The Optimal Portfolio
- 18.1.9. The Market Portfolio
- 18.2. The Capital Asset Pricing Model
- 18.3. International Portfolio Diversification
-
18.1. The Markowitz Portfolio Model
- Index (1/2)
- Index (2/2)
- 1. The Indian Accounting and Taxation System
- 2. Multilateral Financial Institutions
Product information
- Title: International Financial Management, 3rd Edition by Pearson
- Author(s):
- Release date: December 2021
- Publisher(s): Pearson India
- ISBN: 9789354494864
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