Part 1 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 2 Exchange Rate Behaviour
6.Exchange Rate History and the Role of Governments
7.International Arbitrage and Interest Rate Parity
8.Relationships Among Inflation, Interest Rates and Exchange Rates

Part 3 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 4 Long Term Asset and Liability Management
13. Foreign Direct Investment
14. Country Risk Analysis
15. Long-Term Financing
16. Ethics

Part 5 Short-Term Asset and Liability Management
17. Financing International Trade
18. Short-Term Financing
19. International Cash Management
20. Concluding Comments

Over 150 new references to bring the text closer to the academic literature. Tables, graphs and diagrams have been updated where relevant. References to recent developments including the EU, China, TPP and TTIP have also been added to ensure that the debate addresses current issues. Frequent Managing for Value examples provide context Running Your Own MNC and Discussion in the Boardroom activities give students a chance to practice what they learn. MindTap will have additional questions for students to practice and new case studies.