International Financial Management ISE

International Financial Management provides students with a foundation for analysis through a text that is well-organized, comprehensive, and provides up-to-date coverage of the topics. Like the first nine editions, it is written based on two tenets: emphasis on the basics and emphasis on a managerial perspective.The scope and content of international finance has been fast evolving due to cycles of deregulations and regulations of financial markets, product innovations, and technological advancements. As capital markets of the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making. Reflecting the growing importance of international finance as a discipline, we have seen a sharp increase in the demand for experts in the area in both the corporate and academic worlds.International Financial Management discussion is written so that a self-contained treatment of each subject is presented in a user-friendly fashion. The text is intended for use at both the advanced undergraduate and MBA levels.

About the Authors

Cheol S. Eun (Ph.D., NYU) is Professor Emeritus of Finance and the Thomas R. Williams Chair (Ret.) at the Scheller College of Business, Georgia Institute of Technology. Before joining Georgia Tech, he taught at the University of Minnesota and the University of Maryland. He also taught at the Wharton School of the University of Pennsylvania, Korea Advanced Institute of Science and Technology (KAIST), Singapore Management University, and the Esslingen University of Technology (Germany) as a visiting professor. He has published extensively on international finance issues in such major journals as the Journal of Finance, Journal of Financial Economics, JFQA, Journal of Banking and Finance, Journal of International Money and Finance, Management Science, and Oxford Economic Papers. Also, he has served on the editorial boards of the Journal of Banking and Finance, Journal of Financial Research, Journal of International Business Studies, and European Financial Management. His research is widely quoted and referenced in various scholarly articles and textbooks in the United States as well as abroad.

Dr. Eun is the founding chair of the Fortis/Georgia Tech Conference on International Finance. The key objectives of the conference were to promote research on international finance and provide a forum for interactions among academics, practitioners, and regulators who are interested in vital current issues of international finance.

Dr. Eun has taught a variety of courses at the undergraduate, graduate, and executive levels, and was the winner of the Krowe Teaching Excellence Award at the University of Maryland. He also has served as a consultant to many national and international organizations, including the World Bank, Apex Capital, and the Korean Development Institute, advising on issues relating to capital market liberalization, global capital raising, international investment, and exchange risk management. In addition, he has been a frequent speaker at academic and professional meetings held throughout the world.

Bruce G. Resnick is Professor Emeritus of Finance at the Wake Forest University School of Business in Winston-Salem, North Carolina. Prior to retiring, he was the Joseph M. Bryan Jr. Professor of Banking and Finance. He received a D.B.A. in finance from Indiana University, an M.B.A. from the University of Colorado and a B.B.A.from the University of Wisconsin-Oshkosh. Prior to joining Wake Forest, he taught at Indiana University for ten years, the University of Minnesota for five years, and California State University, Chico for two years. He has served as a visiting professor at Bond University in Gold Coast, Queensland, Australia, and at the Helsinki School of Economics and Business Administration in Finland. Additionally, he served as the Indiana University resident director at the Center for European Studies at Maastricht University, the Netherlands. He also served as an external examiner to the Business Administration Department of Singapore Polytechnic and as the faculty advisor on Wake Forest University study trips to Japan, China, and Hong Kong.

Dr. Resnick taught M.B.A. and undergraduate courses in the areas of investments, portfolio management, and international financial management. His research interests include market efficiency studies and empirical tests of asset pricing models. A major interest has been the optimal design of internationally diversified portfolios constructed to control for parameter uncertainty and exchange rate risk. Most recently, he has focused on studying the information content contained in Eurocurrency interest rates and yield spread comparisons of domestic and international bonds. His research articles have been published in most of the major academic journals in finance. Other researchers and textbook authors have widely cited his research. He served for many years as an associate editor for the Journal of Multinational Financial Management, the Journal of Economics and Business, and the Journal of Financial Research.

Tuugi Chuluun is a Travelers Scholar and an Associate Professor of Finance at Sellinger School of Business and Management at Loyola University Maryland. She holds a Ph.D. in Finance from the Georgia Institute of Technology, a masters in Financial Economics, and a bachelors degree in Economics from Ohio University.

Her research areas include international finance, corporate finance, and behavioral finance. She has published in journals such as Journal of Banking and Finance, Financial Management, Journal of Corporate Finance, Journal of Economic Behavior and Organization, and Small Business Economics. Her research has also been featured in magazines such as The Economist and Forbes Mongolia and on popular websites like HBR.org and Inc.com. Dr. Chuluun has taught undergraduate and graduate courses in international finance, corporate finance, investments, microeconomics, and macroeconomics at Loyola University Maryland, Georgia Institute of Technology, and West Virginia UniversityParkersburg, often incorporating innovative teaching practices. At Loyola University Maryland, she was selected as the ELMBA Program Distinguished Professor of the Year and received the Sellinger School STAR Award in research. She has also received the Financial Management Associations Superior Faculty Advisor award.

Dr. Chuluun holds the Chartered Financial Analyst (CFA) designation. She is the former president of the CFA Society Baltimore, Marylands largest membership organization for investment professionals, and has served on the societys board since 2013. She was also the co-chair of the Alpha and Gender Diversity Baltimore Conference 2018, which fostered collaborative discussion on how gender diversity creates a competitive advantage for investment professionals and the broader fina