AE International Financial Management,
15th Edition

Part I: THE INTERNATIONAL FINANCIAL ENVIRONMENT.
1. Multinational Financial Management: An Overview.
2. International Flow of Funds.
3. International Financial Markets.
4. Exchange Rate Determination.
5. Currency Derivatives.
Part II: EXCHANGE RATE BEHAVIOR.
6. Government Influence on Exchange Rates.
7. International Arbitrage and Interest Rate Parity.
8. Relationships among Inflation, Interest Rates, and Exchange Rates.
Part III: EXCHANGE RATE RISK MANAGEMENT.
9. Forecasting Exchange Rates.
10. Measuring Exposure to Exchange Rate Fluctuations.
11. Managing Transaction Exposure.
12. Managing Economic Exposure and Translation Exposure.
Part IV: LONG-TERM ASSET AND LIABILITY MANAGEMENT.
13. Direct Foreign Investment.
14. Multinational Capital Budgeting.
15. Corporate Governance: International Acquisitions and Divestitures.
16. Country Risk Analysis.
17. Multinational Capital Structure and Cost of Capital.
18. Long-Term Debt Financing.
Part V: SHORT-TERM ASSET AND LIABILITY MANAGEMENT.
19. Financing International Trade.
20. Short-Term Financing.
21. International Cash Management.
22. Fintech in Financial Markets.

• Jeff Madura

  Jeff Madura is presently Emeritus Professor of Finance at Florida Atlantic University. He has written several successful finance texts, including Financial Markets and Institutions (now in its 13th edition). His research on international finance has been published in numerous journals, including Journal of Financial and Quantitative Analysis; Journal of Banking and Finance; Journal of Money, Credit and Banking; Journal of International Money and Finance; Financial Management; Journal of Financial Research; Financial Review; Journal of International Financial Markets, Institutions, and Money; Global Finance Journal; International Review of Financial Analysis; and Journal of Multinational Financial Management. Dr Madura has received multiple awards for excellence in teaching and research, and he has served as a consultant for international banks, securities firms, and other multinational corporations. He served as a director for the Southern Finance Association and the Eastern Finance Association, and he is also former president of the Southern Finance Association.

• Chad Zipfel

  Chad Zipfel joined the faculty at the Fisher College of Business after more than a decade in progressive Finance leadership positions. Prior to his appointment at Ohio State, Zipfel helped lead the turnaround of The Oneida Group out of bankruptcy. Prior to that, Zipfel spent over a decade delivering top-rated results at L Brands and Procter & Gamble in diverse capacities and locations ranging from FP&A, Corporate Finance, M&A, Innovation, Sales and Supply Chain. During his time at Ohio State, Chad Zipfel has made an impact across a variety of Finance courses, emphasizing experiential learning and practical application in multiple industry settings. As Academic Director, Zipfel consistently delivers new and innovative trainings for the Executive Education program, while also redesigning/creating new courses at the Graduate and Undergraduate levels. Zipfel has also been the recipient of numerous teaching awards while at The Ohio State University, including the 2019 Max M. Fisher Faculty Eminence Award, 2022 and 2023 Exec MBA Excellence in Teaching Award and 2023 Undergraduate Faculty of the Year Pace Setter Award. Outside of teaching, Zipfel stays engaged in the business world through a variety of means. He is the active founder of F.A.S.T. Consulting LLC, specializing in Finance and Strategy transformations as a fractional CFO for small/mid-cap companies. He is currently CFO of Jendco Safety Supply and sits on the Board of a VC-backed start-up while continuing to be active in the non-profit space with numerous Board positions.

• 15 real-world Excel problems are now included, pairing with specific chapters. These are not just algorithmic “fill in the input” calculator problems, but rather ones that require the student (and show the instructor) to think through all the necessary steps to build a working spreadsheet model that solves real problems from start to finish. This gives students tangible skills for their career, improving accuracy and efficiency in how they solve problems.

• In key chapters where capital budgeting is demonstrated, a detailed working Excel model is now included in the text (and for instructors) that links across all 3 related chapters (chapters 14–16) with the same company and spreadsheet model.

• Key revisions/updates to this edition include a new chapter on Fintech in global financial markets, full updates on SOFR replacing LIBOR and more emphasis on Small Business Dilemmas as a thought-starter tool for instructors to kick off each class discussion. Updated links in each chapter to websites/databases now provide more real-world applications with the material, and multiple Fortune 500 company quotes from Annual Reports or earnings calls have been added where relevant.

• CURRENT, PRACTICAL EXAMPLES REFLECT THE LATEST IN FINANCIAL PRACTICE WORLDWIDE. This best-selling resource is recognized for its use of practical examples in every chapter. Meaningful examples, drawn from today's real international organizations, demonstrate the latest financial practices that multinational corporations rely upon every day. These examples further clarify concepts within each chapter and demonstrate the importance of what students are learning.

• HANDS-ON EXPERIENTIAL EXERCISES PROVIDE ADDITIONAL ACTUAL PRACTICE. Engaging exercises place students in key international positions. The Blades Case follows along the same company in each chapter, giving students opportunities to apply their learning (along with all the needed features in the instructor manual to support this case).

• SELF-TESTING QUESTIONS AND TOOLS HELP READERS CHECK AND REINFORCE COMPREHENSION. Your students can check their understanding of important concepts and skills using the large variety of self-test questions at the end of each chapter. In addition, students can use self-testing midterm and final exams to ensure they understand concepts for the best possible success in your course.

• VARIETY OF CHAPTER APPLICATIONS PROVIDE VALUABLE HANDS-ON PRACTICE. Robust applications throughout this edition offer an extensive selection of practice opportunities. Point/Counter-Point exercises challenge students to evaluate alternative points of view, while Critical-Thinking Questions prompt short essays. In addition, Small Business Dilemmas offers a great way to kick off class discussion and Current Event exercises at the end of each chapter allow students to conduct research relevant to what they just learned.

• INTEGRATIVE PROBLEMS DEMONSTRATE HOW FINANCIAL CONCEPTS FROM EACH CHAPTER WORK TOGETHER. An integrative problem at the end of each part clearly illustrates how concepts from each of the chapters in every part are integrated and rely upon or impact one another. In addition, parts of the text have a working Excel spreadsheet model that connects the concepts and improves student efficiency and effectiveness in solving real-world problems.

• HANDS-ON EXPERIENTIAL EXERCISES PROVIDE ADDITIONAL ACTUAL PRACTICE. Engaging exercises place students in key international positions. "Blades” Case follows along the same company each chapter, giving students opportunities to apply their learning (along with all the needed features in the instructor manual to support this Case).

• TIMELY UPDATES THROUGHOUT THIS EDITION REFLECT THE MOST CURRENT RESEARCH AND TRENDS FROM THE FIELD. Up-to-date content prepares your students to deal with the most recent financial changes, developments, and emerging issues in international finance.

• SELF-TESTING QUESTIONS AND TOOLS HELP READERS CHECK AND REINFORCE COMPREHENSION. Your students can check their understanding of important concepts and skills using the large variety of self-test questions at the end of each chapter. In addition, students can use self-testing midterm and final exams to ensure they understand concepts for the best possible success in your course.

• VARIETY OF CHAPTER APPLICATIONS PROVIDE VALUABLE HANDS-ON PRACTICE. Robust applications throughout this edition offer an extensive selection of practice opportunities. "Point/Counter-Point" exercises challenge students to evaluate alternative points of view, while Critical-Thinking Questions prompt short essays. In addition, Small Business Dilemmas offers a great way to kick off class discussion and “Current Event” exercises at end of each chapter allow for students to conduct research relevant to what they just learned.

• INTEGRATIVE PROBLEMS DEMONSTRATE HOW FINANCIAL CONCEPTS FROM EACH CHAPTER WORK TOGETHER. An integrative problem at the end of each part clearly illustrates how concepts from each of the chapters in every part are integrated and rely upon or impact one another. In addition, parts of the text have a working Excel spreadsheet model that connects the concepts and improves student efficiency and effectiveness in solving real-world problems.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.