Contents: Environment of international financial management: Introduction: multinational enterprise and multinational financial management -- The Determination of exchange rates -- International monetary system -- Parity conditions in international finance and currency forecasting - The Balance of payments and international economic linkages -- Country risk analysis -- Case studies -- Foreign exchange and derivatives markets:: The Foreign exchange market -- Currency futures and options -- Swaps and interest rate derivatives -- Foreign exchange risk management : Measuring and managing translation and transaction exposure -- Measuring and managing economic exposure -- Case studies -- Financing the multinational corporation: International financing and national capital markets -- The Euromarkets -- The Cost of capital for investments -- Case studies -- Foreign investment analysis : International portfolio investment -- Corporate strategy and foreign direct investment -- Capital budgeting for the multinational corporation -- Case studies -- Multinational working capital management : Financing foreign trade -- Current asset management and short-term financing -- Managing the multinational financial system -- Case studies -- Glossary.