International Finance

International Finance, authored by Piet Sercu, offers a thorough exploration of the workings and applications of international financial markets for upper undergraduate and graduate students of business finance and financial economics. Balancing current theories with practical insights, the textbook examines issues of valuation, funding, and risk management within a global framework. The text is structured with an extensive introduction followed by three main sections: currency markets; exchange risk, exposure, and risk management; and long-term international funding and direct investment. Each section opens with a brief case study and concludes with a CFO summary that illustrates how a hypothetical chief financial officer might apply the concepts in a real-world managerial context. Additionally, end-of-chapter questions throughout the book help reinforce the material and ensure a solid understanding of the key issues in international finance. Published by Princeton University Press in 2009, this comprehensive hardcover edition with 816 pages is an essential resource for those seeking a complete and practice-oriented approach to multinational corporate finance.