Description

The introduction explains that globalization has made international financial management an essential area of knowledge for businesses operating across national borders. Companies face opportunities and risks arising from foreign exchange markets, international investment, cross-border financing, and global capital flows. The authors emphasize that managers must understand how exchange rates, interest rates, financial markets, and country-specific risks influence business decisions. The book combines financial theory with real-world data, case studies, and practical applications to help students develop the analytical skills needed to evaluate international financial decisions and manage the risks associated with multinational business operations. It also introduces the structure of the book, which covers foreign exchange markets, international parity conditions, capital markets, multinational corporate finance, and foreign currency derivatives