Applied international finance. I, Managing foreign exchange risk / Thomas J. O'Brien.

Format:

Book

Author/Creator:

O'Brien, Thomas J., author.

Series:

Finance and financial management collection.

Finance and Financial Management Collection

Language:

English

Subjects (All):

International finance.

Foreign exchange.

Physical Description:

1 online resource (162 pages).

Edition:

Second edition.

Place of Publication:

New York, NY : Business Expert Press, 2017.

Summary:

This volume is part of a three-volume set designed for use in a course in applied international corporate finance for managers and executives. Instead of the "encyclopedic" approach, the volumes focus on main issues of interest to managers who deal with overseas operations. This volume's issue is how uncertain foreign exchange (FX) rate changes affect a firm's ongoing cash flows and equity value, and what can be done about this risk. Numerous examples of real-world companies are used. The volume contains a hypothetical case that aims to tie the material together. The case company has overseas operations and is faced with ongoing FX exposure in corporate revenues. The decision maker estimates the FX exposure and considers financial hedging using foreign currency debt and currency swaps. The accounting implications are also considered. The volume reviews some basics of FX rates; for more information, see the first volume: Introduction to Foreign Exchange Rates, 2nd edition, Business Expert Press, 2016. The third volume deals with the estimation of the cost of capital for international operations and the evaluation of overseas investment proposals: Applied International Finance: International Capital Budgeting, 2nd edition, Business Expert Press, 2017.

Contents:

Cover

Contents

Acknowledgments

Review of Foreign Exchange Rates

Chapter 1: FX Operating Exposure

Chapter 2: FX Economic Exposure

Chapter 3: FX Business and Equity Exposure

Chapter 4: FX Translation Exposure

Chapter 5: Foreign Currency Debt

Chapter 6: Currency Swaps

Case Study: Adventure &amp

Recreation Technologies, Inc.

Appendix

Notes

References

Index

Adpage

Backcover.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781947441293

1947441299

OCLC:

999649593