国际金融（金融学译丛）

图书标准信息

• 作者 阿德里安·巴克利（Adrian Buckley） 著；郭宁、汪涛 译
• 出版社 中国人民大学出版社
• 出版时间 2016-04
• 版次 1
• ISBN 9787300226682
• 定价 88.00元
• 装帧 平装
• 开本 16开
• 纸张 胶版纸
• 页数 648页
• 字数 1101千字
• 丛书 金融学译丛

【内容简介】

全书主要从外汇风险管理、衍生品的管理、跨国资本预算、跨国融资等方面，对跨国公司的财务管理问题进行了分析。本书具有以下几个主要特点：
*一，注重实务性。本书在阐述理论的同时，注重理论与实际应用的结合，内容中插入大量的“新闻剪报”，帮助读者把所学理论与现实生活联系起来。
第二，提供大量练习题。本书每章末均列有大量习题（第1章除外），每部分结束时都提供了包含选择题和计算题的题库，并且在书的结尾提供了章末习题、一部分计算题以及所有选择题的参考答案，帮助读者巩固所学知识。
本书既可用于本科生国际金融、跨国企业财务管理课程的教学，也可当作MBA或者金融专业硕士研究生教材使用。同时，也可作为那些需要了解国际金融知识的从业人员的参考用书。

【作者简介】

阿德里安•巴克利，英国克兰菲尔德大学（Cranfield University）管理学院国际金融领域的荣誉教授，他曾在银行、管理咨询公司工作，具有丰富的教学与实践经验。他的著作主要有《跨国公司财务》、《国际金融》、《国际货币》等。

【目录】

第一部分 基础知识   
第1章 
绪论     3                                                                                                  
1．1 银行出售什么产品?    6                                                                          
1．2 银行的起源    7                                                                                      
1．3 商业银行    9                                                                                         
1．4 投资银行    9                                                                                         
1．5 银行控股公司    11                                                                                   1．6 《格拉斯斯蒂格尔法案》    11                                                                    
1．7 中央银行    12                                                                                         1．8 资产—负债的不匹配    13                                                                          1．9 离岸货币（即欧洲货币）    14                                                                    1．10 国际货币基金组织    14                                                                          1．11 世界银行    15                                                                                      1．12 国际清算银行    16                                                                                1．13 世界贸易组织    16                                                                                1．14 外汇市场简介    17                                                                                1．15 2007—2008年的金融危机    19                                                                  第2章 
国际货币体系     21                                                                                   
2．1 金本位制    21                                                                                         2．2 布雷顿森林体系    25                                                                                2．3 国际储备    26                                                                                         2．4 1971年前黄金的地位    26                                                                      
2．5 第二修正案    28                                                                                    
2．6 汇率安排    29                                                                                         2．7 欧洲单一货币———欧元    30                                                                        第二部分 外汇   
第3章 汇率：基本报价法     37                                                                             3．1 外汇市场    37                                                                                         3．2 基本关系式    38                                                                                      3．3 利率与汇率    39                                                                                      3．4 汇率与通货膨胀率    42                                                                             3．5 利率与通货膨胀率    45                                                                             3．6 泰勒规则    46                                                                                         3．7 即期汇率的变化与远期贴水    47                                                                 3．8 利率差与即期汇率的变化    48                                                                    3．9 购买力平价理论的应用    49                                                                       3．10 巨无霸汉堡包购买力平价    52                                                               
   第4章 外汇市场     56                                                                                         
4．1 市场参与者    56                                                                                      4．2 报价方式    57                                                                                         4．3 远期外汇协议与报价    59                                                                          4．4 即期外汇交易的结算    61                                                                          4．5 远期外汇交易的交割日    62                                                                       4．6 远期外汇市场的主要功能    63                                                                     第5章 国际收支平衡     65                                                                                   
5．1 国际贸易的实质    65                                                                                5．2 国际收支平衡表与汇率    66                                                                       5．3 国际收支平衡表的会计编制准则    69                                                           5．4 汇率预期与国际收支平衡表    71                                                                  第6章 汇率波动理论与实证检验     74                                                                    
6．1 通货膨胀与利率差    75                                                                             6．2 国际收支平衡模型    75                                                                             6．3 货币主义学派    77                                                                                   6．4 过调———多恩布什模型    79                                                                       6．5 资产组合平衡理论    80                                                                             6．6 新闻的作用    82                                                                                      6．7 图表分析法    83                                                                                            
6．8 有效市场假说    87                                                                                   6．9 购买力平价理论的实证检验    89                                                                 6．10 费雪效应的实证检验    94                                                                       6．11 国际费雪效应的实证检验    94                                                                 6．12 利率平价关系的实证检验    95                                                                6．13 预期理论的实证检验    96                                                                       6．14 外汇市场有效性的实证检验    96                                                              6．15 无抵补利率套利交易    102                                                                        第7章 外汇风险的定义     109                                                                                
7．1 交易风险    110                                                                                      7．2 折算风险    110                                                                                      7．3 经济风险    113                                                                                      7．4 金融衍生品适用的会计准则    115                                                               题库1     116                                                                                                   第三部分 套期保值   
第8章 外汇风险敞口的重要性     123                                                                       
8．1 交易风险    123                                                                                      8．2 经济风险    125                                                                                      8．3 折算风险    126                                                                                      8．4 汇率预测    129                                                                                       第9章 外汇风险管理原则     132                                                                             
9．1 套期保值交易的本质    132                                                                       9．2 为什么要进行套期保值交易?    133                                                           
9．3 风险敞口管理要实现什么目标?    133                                                        
9．4 反对企业安排套期保值交易的观点    134                                                     9．5 支持企业进行套期保值交易的观点    137                                                     9．6 风险敞口管理需要掌握的信息    141                                                           9．7 哪种类型的外汇风险敞口最重要?    142                                                     
9．8 交易风险信息系统    143                                                                          9．9 矩阵表    146                                                                                         9．10 再开票中介    148                                                                                   9．11 风险敞口管理策略    148                                                                          9．12 经济风险敞口的再探究    150                                                                    9．13 宏观经济风险敞口    150                                                                          9．14 在险价值    153                                                                                      9．15 风险管理模型与正态分布模型    155                                                            第10章 内部风险管理措施     160                                                                          
10．1 净额结算法    160                                                                                   10．2 匹配法    163                                                                                         10．3 提前或推迟付款    163                                                                             10．4 定价策略    165                                                                                      10．5 资产/负债管理    167                                                                              第11章 外部风险管理措施     170                                                                          
11．1 远期外汇市场    170                                                                              11．2 远期外汇市场的交易目的    171                                                                 11．3 短期借款    175                                                                                      11．4 外币应收票据的贴现    177                                                                       11．5 外币应收账款的保付代理    177                                                                 11．6 欧洲货币贷款    178                                                                                11．7 汇率风险担保    178                                                                                11．8 交易对手风险    179                                                                                 题库2     182                                                                                                   第四部分 衍生品   
第12章 互换     193                                                                                            
12．1 互换的基本原理    194                                                                             12．2 利率互换    195                                                                                      12．3 利息的计算    200                                                                                   12．4 货币互换    205                                                                                      12．5 评估互换的风险    209                                                                              第13章 金融期货与外汇风险     214                                                                       
13．1 金融期货概述    214                                                                                13．2 外汇期货合约    216                                                                                13．3 对借款进行套期保值    219                                                                       13．4 基差风险    220                                                                                      13．5 外汇期货市场的使用    221                                                                       13．6 企业使用外汇期货合约进行套期保值    221                                                   第14章 期权     223                                                                                           
 14．1 看涨期权    224                                                                                      14．2 看跌期权    225                                                                                      14．3 签发期权    227                                                                                      14．4 读懂《金融时报》    228                                                                          14．5 期权组合策略    228                                                                                14．6 期权估值    230                                                                                      14．7 期权定价模型    234                                                                                14．8 期权估值表    242                                                                                    第15章 货币期权     245                                                                                      
15．1 货币期权市场的交易情况    246                                                                 15．2 货币期权使用策略    248                                                                          15．3 均价期权    251                                                                                      15．4 对冲货币期权敞口    253                                                                          15．5 期权定价模型    257                                                                                15．6 股票期权与货币期权的定价模型：实证检验结果    260                                   15．7 企业对货币期权的使用    263                                                                  
 第16章 利率风险     273                                                                                      
16．1 利率期限结构    273                                                                                16．2 利率风险敞口    276                                                                                16．3 远期利率协议    278                                                                                16．4 利率期货    280                                                                                      16．5 利率互换    280                                                                                      16．6 利率期权    280                                                                                       第17章 金融工程     283                                                                                      
17．1 远期协议    283                                                                                      17．2 期权合约    285                                                                                      17．3 其他金融产品    289                                                                                 第五部分 2007—2008年期间爆发的金融危机   
第18章 信用违约互换     297                                                                                
18．1 什么是CDS?    297                                                                                18．2 信用违约互换的工作原理    299                                                                 18．3 CDS市场发展的推动力    301                                                                    18．4 相关性与信用评级    304                                                                          18．5 信用担保    306                                                                                      18．6 市场崩溃    307                                                                                       第19章 2007—2008年金融危机：总览     314                                                           19．1 经济繁荣时期    314                                                                                19．2 贷款的新形式    317                                                                                19．3 定时炸弹即将爆炸    318                                                                          19．4 定时炸弹爆炸了    326                                                                             19．5 为什么?为什么没人事先预料到会出现这种情况?    327                                
19．6 逃亡    329                                                                                            19．7 欧元区面临的问题    330                                                                          19．8 最优货币区    343                                                                                   19．9 主权债务危机    345                                                                                 题库3     348                                                                                                   第六部分 跨国资本预算   
第20章 国际化进程     357                                                                                   
20．1 对外直接投资    357                                                                                20．2 渐进式发展路径    358                                                                             20．3 市场不完美理论    360                                                                             20．4 交易成本理论    365                                                                                20．5 内部化与企业特定的优势    366                                                                 20．6 区位优势    367                                                                                      20．7 产品生命周期    368                                                                                20．8 国际生产折中理论    372                                                                          20．9 跨国合资企业    374                                                                                20．10 跨国收购    375                                                                                   20．11 全球化    378                                                                                      20．12 博弈论与跨国经营战略    379                                                                 20．13 新贸易理论    380                                                                                 第21章 跨国投资领域的外汇管制与公司所得税     386                                               
21．1 外汇管制    386                                                                                      21．2 利润汇回本国    388                                                                                21．3 绕开利润汇回限制的方法    389                                                                 21．4 解冻资金的其他方法    392                                                                       21．5 跨国企业的纳税问题    392                                                                       21．6 英国跨国企业的税收环境    396                                                                 21．7 多货币管理中心    396                                                                             21．8 协调中心    397                                                                                      21．9 外汇交易税务筹划    398                                                                           第22章 跨国企业资本预算框架     401                                                                    
22．1 跨国企业资本预算的复杂性    402                                                              22．2 净现值还是调整现值?    406                                                                    22．3 对外投资与资本成本    407                                                                       22．4 基本模型    407                                                                                      22．5 跨国企业投资评估的实证研究    408                                                            第23章 跨国企业资本预算模型     410                                                                    
23．1 海外投资项目评估    411                                                                          23．2 税负    412                                                                                            23．3 在不存在外汇管制的情况下评估投资项目    414                                            23．4 成长机遇（即实物经营期权）    417                                                           23．5 实物经营期权的估值    418                                                                       23．6 实施外汇管制下的项目评估    421                                                              23．7 债务—股权互换    426                                                                             23．8 敏感性分析    427                                                                                    第24章 跨国投资：贴现率是多少?     430                                                              24．1 早前美国市场的实证检验结果    431                                                           24．2 新的研究成果    433                                                                                24．3 均值回归    436                                                                                      24．4 股权风险溢价    437                                                                                24．5 国际风险溢价    437                                                                                24．6 跨国分散化投资的好处    439                                                                    24．7 国际资本资产定价模型    439                                                                    24．8 新兴市场    440                                                                                       第25章 国别风险分析与政治风险     445                                                                 
25．1 国别风险分析    445                                                                                25．2 国别风险的来源    446                                                                             25．3 测量国别风险    447                                                                                25．4 政治风险    449                                                                                      25．5 政治风险的测量    450                                                                             25．6 管理政治风险    452                                                                                25．7 资产被没收以后的策略    454                                                                    25．8 跨国企业资本预算过程中的政治风险分析    456                                             第26章 跨国企业资本预算：实践     461                                                                 26．1 净现值法与调整现值法    461                                                                    26．2 海外投资项目评估：阿尔法公司    462                                                        26．3 基于母国政府对汇回资金不征税的假设前提评估A国投资项目    468               题库4     476                                                                                                   第七部分 跨国融资   
第27章 跨国企业及其海外子公司的融资     483                                                        
27．1 跨国融资选择    483                                                                                27．2 全球税负的最小化    484                                                                          27．3 管理风险    485                                                                                      27．4 金融市场的缺陷    486                                                                             27．5 跨国企业的资本结构    486                                                                       27．6 政治风险    487                                                                                      27．7 外汇管制风险    488                                                                                27．8 外汇风险    488                                                                                      27．9 海外子公司的亏损    489                                                                          27．10 集团内部信用    490                                                                             27．11 税收效应    490                                                                                   27．12 股息政策    490                                                                                   27．13 利润转移的其他方式    491                                                                    27．14 母公司的担保    491                                                                             27．15 部分持股的子公司    492                                                                       27．16 跨国融资的优势    493                                                                          27．17 跨国融资的风险    493                                                                          27．18 外币融资决策    495                                                                              第28章 国际贸易融资与信用风险最小化     499                                                        
28．1 随订单付现    500                                                                                   28．2 赊销    501                                                                                            28．3 国际贸易的单证    502                                                                             28．4 汇票    505                                                                                           28．5 跟单信用证    508                                                                                   28．6 政府支持机构    511                                                                                28．7 出口信贷资源    513                                                                                28．8 福费廷    514                                                                                         28．9 对销贸易    516                                                                                       第29章 套期保值的实践问题     517                                                                       
29．1 或有风险敞口    518                                                                                29．2 价目表问题    520                                                                                   29．3 外国竞争对手引发的问题    520                                                                 29．4 量化分析经济风险敞口    520                                                                    29．5 对企业的债务或净价值进行套期保值    524                                                  29．6 外汇折算风险敞口的管理    525                                                                 29．7 货币管理风险政策    527                                                                           第八部分 其他问题   
第30章 跨国企业融资的其他问题     531                                                                 
30．1 海外子公司的业绩评价    531                                                                    30．2 海外子公司业绩评价所面临的问题    532                                                     30．3 敞口管理的集权化模式    536                                                                    30．4 财务管理部门充当利润中心的角色    538                                                     30．5 转移定价    538                                                                                      30．6 金融市场衍生品的会计处理方法    539                                                        30．7 回购    540                                                                                            30．8 辛迪加贷款    540                                                                                   30．9 离岸货币市场的利率水平及其与国内利率的关系    543                                   30．10 国际债券市场    546                                                                             30．11 欧洲债券市场给借款人带来的好处    549                                                  30．12 欧洲债券市场给投资者带来的好处    550                                                  30．13 现金管理    550                                                                                   30．14 项目融资    551                                                                                    题库5     556                                                                                                   章末习题参考答案     560                                                                                          
题库参考答案（部分）     569                                                                                    
附录1 1美元的现值     584                                                                                    附录2 每年收到1美元，持续 n年的年金现值     586                                                   
附录3 正态分布表     588                                                                                       
附录4 看涨期权的布莱克斯科尔斯估值，表示为股价的百分比     589                              
附录5 当连续贴现率为 r、时间长度为 T期时1美元的现值，即e    - rt   的值     593               
附录6 国际标准化组织（ISO）4217货币代码表（即SWIFT代码）节选     596                     词汇
表     601                                                                                                         译后记     628