International Financial Management

ISBN Number : 978-93-5262-349-5

Student Price : Rs.575

Student Dollar Price : 23$

Book Edition : Third

Year of Publication : 2019

No. Of Pages : 560

Book Weight :764

About The Book

This book is intended for all students of Finance and Management, in all Management Institutes and Universities. The objectives of the book are to provide students with a conceptual framework of financial decisions taken in a multinational company and to familiarise the students with the unique economic fundamentals and financial factors which challenge the financial manager in the international context. The book covers the entire syllabus, as approved by UGC on the subject of International Financial Management.

With increasing globalisation and opening up of the economies to free market forces of competition and efficiency, the role of multinational trade and finance has grown by leaps and bounds in the last decade. This is particularly more relevant in the Indian context, where the rupee was made convertible on current account and export and import trade is growing both in absolute and relative terms. The scripts of many corporates in India are listed and traded in main foreign stock exchanges and Foreign Financial Institutions and Foreign Institutional Investors are operating in Indian financial markets both of equity and debt nature. Foreign capital flows and foreign investment are growing and gaining in importance. The international forces are throwing new challenges to the Finance Manager. It is in this context that the subject of International Financial Management has assumed bital importance to the students of Finance Management who will be the future financial managers operating in international markets, for goods, services and finance. This book is intended to cater to their requirements.

This book is presented in simple non-mathematical terms, easily understandable to the average students and lay executives of the corporates. This has the advantage of harmonising the finance function with the investment function of the Financial Manager on the one hand and integrating the domestic finance with international finance, on the other. The material is kept as brief as possible, yet with a comprehensive coverage of all the modules as approved by UGC and in accordance with thei syllabus.

 

Contents -

Part 1 : Backdrop of International Financial Management
1. Introduction to International Financial Management
2. International Financial Environment
3. Goals and Growth of Multinationals
4. International Business Methods
5. Nature of International Risk Exposure
6. International Monetary System
Part 2 : Management of Exchange and Interest Rate Exposure
7. Determination of Exchange Rates
8. Forecasting Exchange Rates
9. Balance of Payments (Equilibrium Vs. Disequilibrium)
10. International Trade Flows
11. Interest Rates Parity
12. International Fisher Effect - Parity Relations
13. Time Factor in International Risks
Part 3 : Management of Risks in International Transactions
14. Foreign Exchange Markets
15. Government Influence on Exchange Rates
16. Exchange Rate Risk Management
17. Hedging in Derivative Markets (Futures and Options)
18. Hedging in Swap Market
19. Operational Exposure - Risk Management
20. Measurement of Politico Economic Risks (Country Risk Management)
21. Management of International Transactions Exposure
Part 4 : Management of International Business Operations and Practices
22. Operational Strategies of MNCs
23. Management of Multinational Operations
24. Management of Global Business Practices
25. Nature of International Business Finance - Practices
26. Inter-Corporate Funds Flow
27. Sources of Funds for MNCs
28. Operations in International Financial Markets
Part 5 : Management of Short-term International Financing
29. Short-term International Financing
30. Operations in International Money Market
31. Operations in Foreign Currency Markets
32. Management of Corporate Financing
33. conceptual Backdrop of Working Capital
34. Working Capital Management
Part 6 : Management of Long-term International Finance
35. Project Appraisal and Capital Budgeting
36. International Capital Flows
37. Foreign Investment (Direct and Portfolio, GDR and ADRs)
38. Financing of Debt and Equity Investments (Through Global Markets)
39. Measurement of Portfolio Risk
40. Risk Management in Investments
41. Portfolio Diversification and Risk Reduction
42. Multinational Taxation
Bibliography

About The Author

Dr. V.A. Avadhani, is a retired Adviser in the Reserve Bank of India and a past Director of Research and Training in the Bombay Stock Exchange. He was also a former Adviser in the Hyderabad Stock Exchange.

Dr. Avadhani was Gold medalist from Presidency College, Madras and had a brilliant academic record. He has done in his M.A. in Economics from Madras University and another M.A. from Bombay University by thesis in International Economics. He also holds a Law degree, LL.B. from the Osmania University. He took his Ph.D. degree covering both economics and finance in his comprehensives, from the University of Nebraska, USA. He also holds a certificate in the CAPITAL MARKET STUDIES from the NEW YORK INSTITUTE OF FINANCE, NEW YORK, USA. He is a certificated associate of the Indian Institute of Bankers - a professional qualification for practical bankers (CAIIB).

Dr. Avadhani has vast teaching and research experience at home and abroad. He taught "Money and Central Banking" at the RBIs Bankers Training College, Mumbai. He was visiting Professor at Bajaj Institute of Management, Bombay, Indian Institute of Management, Kolkata and a number of Management Institutes all over India. He taught at the University of Nebraska on Money Management and at the 10th SEANZA, Central Banking course as a Director faculty at Bangkok, Thailand. He studied the working of the Central Banks in Singapore, Australia, and Thailand, and the stock exchanges in New York, London, Singapore, etc.

Dr. Avadhani is a prolific writer. He has authored about twenty books and published about thirty research papers in various journals and financial papers. He developed training modules for brokers and investors and many Russian brokers and international delegates were trained by him including many mutual funds staff. He is considered an expert in the areas of Finance - Capital Markets, Money and International Economics.

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