Includes bibliography and index.

Contents: Introductory chapter: the whys and wherefores of international finance -- The Economies of international transactions: Balance of payments -- The Exchange rate and economic adjustment -- International parity-- The Organization of the intenational financial system: The International monetary system -- International banking and the eurocurrency market -- The foreign exchange market -- International risk assessment: International risk -- The benefits and risks of international portfolio investment -- Intenational risk management: Current operations and foreign exchange exposure -- Managing foreign exchange risk -- Valuing currency options -- Economic and financial analysis of currency option uses -- Sophisticated hedging techniques -- Managing interest rate risk -- Inventory and supply management: the futures commodities market -- Raising funds and investing intetrnationally: Syndicated Eurocredits -- Financing and investing in the financial bond market -- The Major domestic bond markets -- The Swap market -- World equity markets -- Capital budgeting and direct foreign investment: Returns and acceptance criteria from cross-border investment projects -- Risk evaluation of cross-border investment projects -- International meregers and acquisitions.