Includes index.

Part I Global Financial Environment Chapter 1 Current Multinational Challenges and the Global Economy Chapter 2 Corporate Ownership, Goals, and Governance Chapter 3 The International Monetary System Chapter 4 The Balance of Payments Chapter 5 The Continuing Global Financial Crisis?? Part II Foreign Exchange Theory and Markets. Chapter 6 The Foreign Exchange Market. Chapter 7 International Parity Conditions. Chapter 8 Foreign Currency Derivatives and Swaps??. Part III Foreign Exchange Exposure. Chapter 9 Foreign Exchange Rate Determination and Forecasting Chapter 10 Transaction Exposure. Chapter 11 Translation Exposure. Chapter 12 Operating Exposure??. Part IV Financing the Global Firm. Chapter 13 The Global Cost and Availability of Capital. Chapter 14 Raising Equity and Debt Globally. Chapter 15 Multinational Tax Management?? Part V Foreign Investment Decisions Chapter 16 International Portfolio Theory and Diversification Chapter 17 Foreign Direct Investment and Political Risk Chapter 18 Multinational Capital Budgeting and Cross-Border Acquisitions?? Part VI Managing Multinational Operations Chapter 19 Working Capital Management Chapter 20 International Trade Finance.

Authoritative, comprehensive coverage of contemporary international finance. Renowned for its authoritative, comprehensive coverage of contemporary international finance, this market-leading text trains the leaders of tomorrow’s multinational enterprises to recognize and capitalize on the unique characteristics of global markets. Because the job of a manager is to make financial decisions that increase firm value, the authors have embedded real-world mini-cases throughout to apply chapter concepts to the types of situations managers of multinational firms face. The thirteenth edition attempts to capture the rapid evolution of our global marketplace through a number of principles, practices, and features.

FIN928