by Oscar Varela

Oscar Varela, Ph.D., CFA. Charles R. and Dorothy S. Carter Chair in Business Administration, Kauffman Faculty Fellow and Professor of Finance, The University of Texas at El Paso. The international arena, where currencies, cultures, and commercial ventures intersect, offers a fascinating aspect of finance. This text reveals this arena with a discussion of the history of and current affairs in international finance (Chapter 1), followed by discussions of the foreign exchange market, foreign exchange forwards, and exchange rate determination (Chapters 2, 3 and 4), and the international business and financial activities of countries (Chapter 5). Next are discussions of international project evaluation in countries (Chapter 6), followed by their associated exposures (risk) in economic and accounting senses (Chapters 7 and 8), and the hedging of those risks through use futures and options (Chapters 9 and 10). International commercial transactions (imports and exports) are similarly discussed in terms of their risks (Chapter 11) and the hedging thereof (Chapter 12), followed by the uses of swaps in currencies and interest rates for hedging all longer term exposures (Chapter 13). The book ends with discussions of the international markets and investing (Chapter 14), followed by a rigorous presentation of international trade theory (Chapter 15).

Book Information / Sample Chapter(s) (PDF)