Table of Contents
Preface
Acknowledgments
Chapter 1. History of Monetary System
Chapter 2. Balance of Payments and Exchange Rates
Chapter 3. Foreign Exchange Market
Chapter 4. Exchange Rate Determination and Forecasting
Chapter 5. Exchange Rates and International Parity Conditions
Chapter 6. Foreign Currency Derivatives
Chapter 7. Foreign Exchange Exposure and its Management
Chapter 8. Multinational Corporation and International Cost of Capital
Chapter 9. Multinational Capital Budgeting
Chapter 10. Foreign Direct Investment and Portfolio Theory
Chapter 11. International Trade Finance
Chapter 12. Political Risk and its Management
Notes
Glossary
Bibliography
About the Author
Index
Reviews
“Foreign Exchange Rates and International Finance by John N. Kallianiotis is a relevant and important contribution to the study of the global economy. This timely book provides clear, understandable discussions of the theory, applications, practice, and empirical methodology related to the analysis of pertinent issues and concerns related to foreign exchange, balance of payments, foreign currency derivatives, multinational corporations, cost of capital and capital budgeting on the global scale, foreign exchange exposure, foreign direct investment, financing if international trade, and political risk (a topic that, unfortunately, is virtually ignored in other books on international finance but is given robust attention here). This book should be required reading for upper-level undergraduate students, in any aspect of studying the global economy, as well as graduate students specializing in international business and studies. It is also recommended for practitioners in the global economy, as it would serve as an appropriate and relevant source and guide for them. I highly recommend this book.” – Dr. Richard J. Torz, Associate Professor of Economics, St. Joseph’s College New York, Brooklyn, NY, USA
“This book presents not only the theories of international finance but also the empirical studies that support the theories and the econometric techniques that an interested researcher can employ to produce original work. Thus, this book can be very useful, first, to every undergraduate student who studies finance, economics, and international finance, second, to graduate students and financial analysts who are interested in doing high quality research in finance, and third, to all individual investors who want to understand how globalization affects the return, the risk, and the optimal level of diversification of their investment portfolio.” – Dr. Christos Pargianas, Associate Professor, University of Scranton, Scranton, PA, USA<
“This is a comprehensive book which seamlessly includes past research, mathematical equations, forecasting techniques, economic and financial models as well as current events to fully explore in great detail and from multiple facets the topics revolving around foreign exchange. The students will truly benefit not only from the fully-detailed explanations of the theories, but also benefit from the graphs, data and references—all supporting and enhancing their knowledge of the presented concepts. Congratulations on yet another great textbook!” Dr. Mary L. LoRe, Professor, Wagner College, Staten Island, NY, USA
“Foreign Exchange Rates and International Finance would be a great fit as a textbook in a senior undergraduate or graduate course in international finance or other related fields. As a teaching economist, I am always in a lookout for textbooks with a comprehensive logical structure, and this text is certainly one; it views the international-finance and foreign-exchange order as a cohesive yet complex body and covers the history, modern theory, statistical methods, and established practices in the fields of international finance and economics. It is full of real-life examples that should capture the attention of students.” – Dr. Aram Balagyozyan, Associate Professor of Economics, University of Scranton, Scranton, PA, USA
Dr. Kallianiotis’ latest book entitled Foreign Exchange Rates and International Finance is a meaningful contribution, equally appropriate to Undergraduate and Graduate students. The author has crafted an interesting combination of theories and concepts, supported with statistical analysis. The topics addressed in this book combine Economics, Politics and Finance, which creates a contemporary “Theory to Practice” approach to learning. Given the significance of exchange rates to business finance decision making, I urge academics and professionals to adopt this book.” – Dr. Cathyann D. Tully, Professor of Finance and Director of Undergraduate Business Program, Nicolais School of Business at Wagner College, NY, USA
“This book by Professor Kallianiotis is another high scholarly attainment by him. The book has the same rigor and completeness as his other works. The book can be used by diverse audiences such as professionals, students and teachers. Because it is accessible to such readers as upper seniors and MBA students, the book can be used as a textbook for both undergraduate and graduate students in the field of international finance. Anyone using this book can benefit quite a lot. I will incorporate it in my courses.” – Dr. John Malindretos, Associate Professor of Finance, William Paterson University, Wayne, N.J
Keywords: International Finance, Exchange Rate, Balance of Payments, Multinational Corporations, Foreign Direct Investment
The book can be used as a textbook for senior undergraduate and graduate students; for professional in international business, investment, and trade; for foreign currency traders; for international bankers, international economists, political scientists, and economic historians.
