Includes appendix and index.

Contents: Part I: The international financial environment: Multinational financial management: an overview -- International flow of funds -- International financial markets -- Exchange rate determination -- Currency derivatives -- Part II: Exchange rate behaviour: Exchange rate history and the role of governments: Intermational arbitrage and interest rate parity -- Relationships among inflation, interest rates and exchange rates -- Part III: Exchange rate risk management: Forecasting exchange rates -- Measuring exposure to exchange rate fluctuations -- Managing transaction exposure -- Managing economic exposure and translation exposure -- Part IV: Long-term asset and liability management: Foreign direct investment -- Multinational capital budgeting -- Country risk analysis -- Long-term financial -- Part V: Short-term asset and liability management -- Financial international trade -- Short-term financing -- International cash management.