1st Edition

International Finance

By Maurice D. Levi Copyright 2009
    608 Pages 73 B/W Illustrations
    by Routledge

    608 Pages 73 B/W Illustrations
    by Routledge

    The fifth edition of Maurice D. Levi’s classic textbook has been updated to incorporate the massive changes in the world of international finance of the past few years. In particular, the emergence of new markets is given broad coverage – particularly the rise to financial prominence of China and India and other growth economies in Asia and elsewhere. Key features of the book include:

    • the impact of globalization and the greater connectedness of national economies and the world economy as a whole
    • probably the best introduction to exchange rates available and how they directly impact upon firms as well as governments
    • the continued massive impact of multinational corporations on the global financial scene as well as the opportunities presented by e-commerce.

    The material is interlaced with a wealth of supplementary material including real world case studies, review questions, examples and objectives. The result is the most authoritative survey of international finance currently available.

    Thoroughly updated and with a large amount of new information, this text will prove an indispensable guide to the inner workings of international finance to students of economics and business as well as professionals in the finance industry.



    1. The World of International Finance


    2.  An Introduction to Exchange Rates


    3. Forward Exchange


    4. Currency Futures and Options Markets


    5. The Balance of Payments


    6. Supply and Demand View of Exchange Rates


    7. The Purchasing-Power Parity Principle


    8. Interest Parity


    9. Foreign Exchange Exposure and Risk


    10. Accounting Exposure Versus Real Exposure


    11. Operating Exposure


    12. Hedging Risk and Exposure


    13. Exchange Rate Forecasting and Speculation


    14. Cash Management


    15. Portfolio Investment


    16. Capital Budgeting for Foreign Investment


    17. The Growth and Concerns About Multinationals


    18. International Dimensions of Long-Term Financing


    19. Multinational Banking


    20. Instruments and Institutions of International Trade


    21. Asset-Based Theories of Exchange Rates


    22. Alternative Systems of Exchange Rates


    23. The International Financial System: Past, Present and Future


    24. The Rise of the Asian Economies


    25. Finance in Emerging Markets


    26. Globalization


    Maurice D. Levi is Bank of Montreal Professor of International Finance in the Sauder School of Business at the University of British Columbia, Canada.