Part 1. Global Financial Environment 1. Multinational Financial Management: Opportunities and Challenges 2. The International Monetary System 3. The Balance of Payments 4. Financial Goals and Corporate Governance Part 2. Foreign Exchange Theory and Markets 5. The Foreign Exchange Market 6. International Parity Conditions 7. Foreign Currency Derivatives and Swaps 8. Foreign Exchange Rate Determination Part 3. Foreign Exchange Exposure 9. Transaction Exposure 10. Translation Exposure 11. Operating Exposure Part 4. Financing the Global Firm 12. The Global Cost and Availability of Capital 13. Raising Equity and Debt Globally 14. Multinational Tax Management 15. International Trade Finance Part 5. Foreign Investment Decisions 16. Foreign Direct Investment and Political Risk 17. Multinational Capital Budgeting and Cross-Border Acquisitions