Contents: Environment of international financial management: Introduction: multinational enterprise and multinational financial management -- The Foreign exchange market -- Currency futures and options markets -- Determination of exchange rates -- The International monetary system -- The Balance of payments and international economic linkages -- Parity conditions in international finance and currency forecasting -- Foreign exchange risk management: Measuring accounting exposure -- Managing accounting exposure -- Measuring economic exposure -- Managing economic exposure -- Multinational working capital management: Short-term financing -- Financing foregn trade -- Current asset management -- Managing the multinational financial system -- Foreign investment analysis: International portfolio investment -- Corporate strategy and foreign direct investment -- Capital budgeting for the multinational corporation -- The Cost of capital for foreign investments -- The Measurement and management of political risk -- International tax management -- International financing and international financial markets -- Special financing vehicles -- Designing a global financing strategy -- International banking: International banking trends and strategies -- The International debt crisis and country risk analysis.