TAILIEUCHUNG - Lecture note Essentials of corporate finance – Chater 18: International aspects of financial management

In this chapter you will understand how exchange rates are quoted and what they mean, know the difference between spot and forward rates, understand purchasing power parity and interest rate parity and the implications for changes in exchange rates, understand the types of exchange rate risk and how they can be managed, understand the impact of political risk on international business investing. | 18- Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 18- Key Concepts and Skills Understand How exchange rates are quoted and what they mean The difference between spot and forward rates Purchasing power parity and interest rate parity and the implications for changes in exchange rates The types of exchange rate risk and how it can be managed The impact of political risk on international business investing 18- Chapter Outline Terminology Foreign Exchange Markets and Exchange Rates Purchasing Power Parity Exchange Rates and Interest Rates Exchange Rate Risk Political Risk 18- International Finance Terminology American Depositary Receipt (ADR) Security issued in the . representing shares of a foreign stock Can be traded in the . Cross-rate Implicit exchange rate between two currencies when both are quoted in a third (usually dollars) currency. Eurobond Bond issued in multiple countries

• Tài chính doanh nghiệp
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Foreign exchange markets
• Exchange rates
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• International corporate finance
• Capital market history
• Raising capital
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions