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Coupling in-depth coverage of essential theory with practical applications, Madura's INTERNATIONAL FINANCIAL MANAGEMENT, 13e, builds on the fundamental principles of corporate finance to provide the timely information and contemporary insights you need to prosper in today's global business environment. This best-seller introduces international finance with a focus on the important role that modern multinational corporations play in global commerce and discusses a wide range of managerial topics using a strong corporate perspective. Clear explanations, real-world applications, relevant examples, self-tests, and hands-on applications help you maximize your course success. In addition, MindTap® Finance enables you to connect with your instructor, organize coursework, and access a range of study tools, including an e-book and apps -- all in one place.
In Chapter 2, "International Flow of Funds," the balance of payments accounting coverage has been revised to make it consistent with the recent format used by the U.S. government for reporting specific accounts.
Chapter 6, "Government Influence on Exchange Rates," now includes sections on black markets for currencies as well as the recent challenges of the European Central Bank to stabilize financial conditions in the eurozone.
Chapter 8, "Relationships among Inflation, Interest Rates, and Exchange Rates," has been reworked to synthesize the relationships between the Fisher effect, purchasing power parity, and the international Fisher effect.
Chapter 10, "Measuring Exposure to Exchange Rate Fluctuations," includes an improved flow between sections and gives more emphasis to the value at risk method for assessing exchange rate exposure.
Chapter 14, "Multinational Capital Budgeting," now includes more detailed information about how managers (and students) can use electronic spreadsheets to facilitate the international capital budgeting process and apply sensitivity analysis.
Reflecting the latest from real-world practice, INTERNATIONAL FINANCIAL MANAGEMENT heavily emphasizes the use of practical examples in every chapter.
End-of-chapter self-test questions and problems, a self-test midterm exam, and a self-test final exam help students assess their understanding of concepts -- and maximize their course success.
The robust selection of chapter applications gives students plenty of hands-on practice and includes Point/Counter-Point exercises evaluating two alternative points of view, Critical Thinking Questions to prompt student short essays, Continuing Cases, Small Business Dilemmas, Internet/Excel Exercises, and Supplemental Cases.
Each part ends with an Integrative Problem based on concepts covered within chapters contained in that part -- helping students build on the skills they are learning.