Includes index.

Contents: The International financial environment: Multinational financial management: an overview -- International flow of funds -- International financial markets -- Exchange rate determination -- Currency futures and options -- Exchange rate behavior: Government influence on exchange rates -- International arbitrage and interest rate parity -- Relationships between inflation, interest rates, and exchange rates -- Exchange rate risk management: Forecasting exchange rates -- Measuring exposure to exchange rate fluctuations -- Managing transaction exposure -- Managing economic exposure and translation exposure -- Short-term asset and liability management: Financing international trade -- Short-term financing -- International cash management -- Long-term asset and liability management: Direct foreign investment -- Multinational capital budgeting -- Multinational cost of capital and capital structure -- Country risk analysis -- Long-term financing -- Global strategic planning -- The International banking environment: International banking -- The International debt crisis and bank assessment of country risk -- Appendix A: Answers to self-test questions -- Fundamentals of regression analysis.