Taxmann’s International Financial Management | Text & Cases by Madhu Vij – 4th Edition 2021

International Financial Management provides an effective and detailed presentation of important concepts and practical application in today’s global business environment, which includes:

• Foreign Exchange Market
• International Financial System
• Eurocurrency Market
• Currency Futures & Options
• Swaps
• Country Risk Analysis
• Capital Budgeting

The key highlight of this book is that it uses several examples (both numerical & theoretical) to highlight the applications of various dimensions of international finance.

This book aims to fulfil the requirement of students of PGDM, MBA, M.Com., Master of Economics, Master of Finance & Control (MFC), MIB, other Post Graduate Diploma in Risk Management & other post-graduate specialized disciplines.

The Present Publication is the 4^th Edition, authored by Prof. Madhu Vij. The book has been organized around five major areas, namely:

• [International Financial Environment] emphasizing its institutional set-up while discussing why is it important to study international finance. This area is further subdivided into four chapters, namely:
  • Overview of the International Financial Management
  • History of International Monetary System; Emphasis on Bretton Woods System
  • International Financial Institutions with a particular focus on the World Bank, International Monetary Fund (IMF), and European Monetary System
  • Balance of Payment Concepts and Accounting
• [The Foreign Exchange Markets]
  • Derivatives
  • Foreign Currency Futures and Options Contracts that are traded on Stock Exchanges
  • Forex Markets with an emphasis on Fundamentals of Forex Trading,  Overview of Operations of the Spot and Foreign Exchange Markets, How is Foreign Exchange Quoted and Traded Worldwide
• [Managing Foreign Exchange Exposure]
  • Management of Foreign Exchange Risk with a discussion on kinds of exposure MNCs face
  • Translation Exposure or Accounting Exposure, which discusses the various methods for translating financial statements
  • Management of Transaction Exposure that arises from contractual obligations denominated in a foreign currency
  • Management of Economic Exposure
• [Financial Management of the Multinational Firm]
  • Foreign Direct Investment
  • Cost of Capital and Capital Structure of the MNC
  • Application and Interpretation of MNC Capital Budgeting explaining various methods with the help of numerical examples and case studies
  • Multinational Cash Management
  • Identifies and Analyses the Various Dimensions of Country Risk Analysis
  • Eurocurrency and Eurobond Market
• [Managing Foreign Operations]
  • Interest Rate and Currency Swaps explaining how they can be used to reduce financing costs and risks
  • Global Depository Receipts and American Depository Receipts.