International Financial Markets and Institutions

International Financial Markets and Institutions introduces readers to the instruments, practices, and institutions that govern the global economy today. The text covers the most important aspects of corporate management - the management of foreign exchange risk and international financial markets. Lecturers who would like to add an international dimension to their course on domestic financial markets will find this text an ideal supplement. Divided into four parts, the text:* Builds the foundation for studying international financial markets by focusing on the two most important variables today - exchange rates and interest rates.* Explains how various segments of international markets work. The focus is on short-term and long-term debt instruments and on equity markets.* Is devoted to understanding how modern financial markets create risks for participants and how to use financial innovations and derivatives to manage risk in international operations.* Deals with institutions that make these financial transactions possible - the international, commercial and investment banks.An Instructor's manual is available to all adopters of the text.