Includes bibliographical references and index.

Part I: International Monetary Relationships. International Finance and the International Challenge. Balance of Payments: A Nation's International Profile. Part II: T/K. International Monetary Arrangements and Adjustment Mechanisms. Currency Trading. Creating and Adjusting Currency. Advanced Topics in Forecasting: Hedging and Options. Exposure Measurement and Management. Part III: International Investment. Investing in Foreign Operations. International Capital Budgeting. Overview of Corporate Tax Considerations. Political Risk. Part IV: International Capital Markets. Overview of Global Capital Markets. Eurobonds. Medium- And Short-Term Funds. Customized Risk Control Agreements.

This international finance textbook integrates cases and text to deliver a hands-on, problem-solving approach based on sound financial theory. Features: * Emphasizes how to be an international financial manager, with a special discussion at the end of every chapter - Implications for Managers. This discussion explains how the chapter concepts affect financial decisions. * More than just a case book, the text chapters are fully developed. The extensive problems and end-of-chapter material can be used separately from the cases providing flexibility for undergraduate and graduate curriculums. * Cases, problem sets, and examples are integrated with each chapter, immersing students in real business situations. * Each case supplies the institutional background and data necessary to analyze a variety of alternatives and to determine the tradeoffs represented by choosing among them. Cases are from the most well-respected sources - Darden, Harvard, and the International Institute for Management Development. * The text emphasizes risk management, especially in Chapters 4 through 7, providing both the theory and detailed examples in an area important for today's manager. * As an example of