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Part ¢ñ Overview on International Investment Chapter 1 Overview on International Investment The requirement of Learning 1 The conception and thetypes 1£®1 The conception 1£®2 The types 2 International Investments and Balance of Payments 2£®1 Basic structure 2£®2 The reconciliation of BOP and IIP 3 The difierence of FDI and IPI 4 Development of International Investment 4£®1 Before 1914 4£®2 During the period of the world wars 4£®3 From the end of world war It to 1979 4£®4 From 1980s to 2000s 4£®5 From 2000s to 2010 4£®6 The Latest development of International investment Summary Exercises Part ¢ò International Portfolio Investment(IPI) Chapter 2 Diversification and Portfolio Theory The requirement of Learning 1 Why a Diversified Portfolio Investment is Important 1£®1 Avoiding Disaster 1£®2 Portfolio£ºReduce Risk 2 The Modem Portfolio Theory 2£®1 The Emergence of Modem Portfolio Theory 2£®2 The Theory of Security Portfolio Summary Exercises Chapter 3 CAPM and International CAPM The requirement of Learning 1 Capital Assets Pricing Model(CAPM) 1£®1 Assumptions 1£®2 The capital market line 1£®3 The market portfolio 1£®4 The eIbcient set 1£®5 The security market line 1£®6 Market and Non-Market Risk 2 International CAPM 2£®1 Real exchange rate 2£®2 Foreign Currency Risk Premiums 2£®3 Separation Theorem and Risk-pricing relation Summary Exercises Chapter 4 The Practice for International Diversification The requirement of Learning 1 Traditional Case International Diversification 1£®1 Risk Reduction through Attractive Correlations 1£®2 Portfolio Return Performance 1£®3 Forward-Looking Optimization 1£®4 Currency Risk Not a Barrier to International Investment 2 The Case Against International Diversification 2£®1 Increase in Correlations 2£®2 Past Performance Is a Good Indicator of Future Performance 2£®3 Barriers to International Investments 3 The Case for Emerging Markets 3£®1 The Basic Case 3£®2 Volatility£¬Correlations£¬and Currency Risk 3£®3 Portfolio Return Performance 3£®4 Investability of Emerging Markets 3£®5 Segmentation versus Integration Issue Summary Exercises Chapter 5 International Equity Investment The requirement of Learning 1 Market Differences£ºA Historical Perspective 1£®1 Historical Differences in Market Organization 1£®2 Historical Differences in Trading Procedure 2 Global Market Statistics 2£®1 Market Size 2£®2 Liquidity 2£®3 Concentration 3 Market Practical Aspects 3£®1 Tax Aspects 3£®2 Stock Market Indexes 4 Investing in foreign Equity Securities 4£®1 Investing the Shares of foreign Listing 4£®2 Depository Receipt 4£®3 Closed end Country Funds 4£®4 An Exchange-Traded Fund(ETF) 5 Analysis Methods 5£®1 The information Problem 5£®2 A vision of the wodd 5£®3 Differences in National Accounting Standards 5£®4 The effects of Accounting Principles on Earnings and Stock Prices 6 G10bal Analyses 6£®1 Country Analysis 6£®2 Industry Analysis 7 Equity Analyses 7£®1 Global finan ratio analysis 7£®2 Valuation Models 7£®3 The effects of inflation on Stock Drices Summary Exercises Chapter 6 International Bond Investment The requirement of Learning 1 The Introduction of Global Bond Market 1£®1 The various Segments 1£®2 World market size 1£®3 Bond Indexes 1£®4 The Eurobond Market 1£®5 Emerging Markets and Brady Bonds 2 Major Differences among Bond Markets 2£®1 Tvpes of Instruments 2£®2 Quotations£¬Day Count£¬and Frequency of Coupons 3 A Refresher on Bond Valuation 3£®1 Zero-Coupon Bonds 3£®2 Bond with Coupons 3£®3 Duration and Interest Rate Sensitivity 3£®4 Credit Spreads 3£®5 The return and risk on foreign bond investment 4 Floating Rate Notes and Structured Notes 4£®1 Floating-Rate Notes(FRNs) 4£®2 Bull FRN 4£®3 Bear FRN 4£®4 Dual-Currency Bonds 4£®5 Curre