Part I: Global Financial Environment 1. Multinational Financial Management: Challenges and Opportunities 2. The International Monetary System 3. The Balance of Payments 4. Financial Goals and Corporate Governance Part II: Foreign Exchange Theory and Markets 5. The Foreign Exchange Market 6. International Parity Conditions Appendix: An Algebraic Primer to Parity Conditions 7. Foreign Currency Futures and Options Appendix: Foreign Currency Options Pricing Theory 8: Interest Rate Derivatives and Swaps 9. Exchange Rate Determination and Forecasting Part III: Foreign Exchange Exposure 10. Transaction Exposure Appendix: Complex Option Hedges 11. Translation Exposure 12. Operating Exposure Part IV: Financing the Global Firm 13. The Global Cost and Availability of Capital 14. Raising Equity and Debt Globally Appendix: Financial Structure of Foreign Subsidiaries 15. Multinational Tax Management 16. International Trade Finance Part V: Foreign Investment Decisions 17. Foreign Direct Investment and Political Risk 18. Multinational Capital Budgeting and Cross-Border Acquisitions Answers to select end-of-chapter questions Glossary Index