International Finance

Presents the corporate uses of international financial markets. This textbook explores issues of valuation, funding, and risk management. It includes an introduction followed by three main sections: currency markets; exchange risk, exposure, and risk management; and, long-term international funding and direct investment.

This will become a classic of international finance. -- Philippe Jorion, University of California, Irvine This book combines a rigor and practicality that few leading finance textbooks achieve. Once you have read it you will understand what matters in international finance, what does not, and how to deal with both. -- Ian Cooper, London Business School I cannot think of a more comprehensive and more operationally relevant textbook than this one. Having read it, a student or practitioner is ready for operational work and duly prepared to avoid all the conceptual pitfalls commonly encountered on the international side of finance. -- Bernard Dumas, University of Lausanne and Swiss Finance Institute This textbook employs modern finance in an international setting, all presented in the clearest, most stimulating way. In addition to each chapter being accompanied by a set of exercises, each part of the textbook is also nicely complemented by a case study. Comprehensive and up to date, the book covers everything from forward exchange rates, exchange risks, costs of international capital, and international taxation, to cross listings, swaps, and values at risk. There is no doubt this is the premier textbook for international finance. -- Suleyman Basak, London Business School Piet Sercu's tour de force provides the most comprehensive treatment of major issues in international finance among all the books in the field. The author defines the key issues up front, tackles them in a coherent and focused manner, and strikes the right balance between basic concepts and practical applications. Readers can feel the pulse of world financial markets from the author's lively explanations of market mechanisms and conventions. Clear, entertaining, and up-to-date, this book sets a high standard for the study of international finance. -- Cheol Eun, Georgia Institute of Technology Analytical and rigorous, International Finance presents fresh data, cohesively organized chapters, and timely issues. -- G. Andrew Karolyi, Ohio State University This accessible and important book provides a big picture for corporate finance within the context of the international financial markets. -- Karen K. Lewis, University of Pennsylvania

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