International Financial Markets and the Firm.
本书严谨均衡地介绍国际金融市场与公司金融,基于无套利定价的统一框架,深入讨论远期汇率、外汇风险对冲及国际贸易支付信用保险,适合学生和从业者学习。
Presents a rigorous and balanced presentation of international financial markets and international corporate finance. Takes a unified approach based on arbitrage-fee pricing. Includes an in-depth discussion of the economic role of the forward rate and the value of the forward contract, a comprehensive discussion of when and why the firm can increase its value by hedging foreign exchange risk, an economic analysis of the various payment and credit insurance techniques used in international trade, and more. Over 400 end-of-chapter problems test studentsAE understanding of concepts.