Multinational Business Finance

Part I Global Financial Management

1 Financial Goals & Corporate Governance

2 History of the International Monetary System

Appendix: Eurodollar Creation

3 Balance of Payments



Part II Foreign Exchange Theory

4 International Parity Conditions

Appendix: Algebraic Primer to International Parity Conditions

5 Foreign Exchange Rate Determination & Forecasting



Part III The Foreign Exchange Market & Derivatives

6 The Foreign Exchange Market

7 Foreign Currency Derivatives

Appendix: Foreign Currency Option Pricing



Part IV Foreign Exchange Exposure

8 Transaction Exposure

Appendix: Complex Options

9 Operating Exposure

10 Translation Exposure

Appendix A: Basics of FX Accounting

Appendix B: Bank of America FX Exposure Survey



Part V Financing the Global Firm

11 The Global Cost and Availability of Capital

12 Sourcing Equity Globally

13 Sourcing Debt Globally

14 Interest Rate and Cross Currency Swaps

Appendix: Advanced Topics in I/R Risk Management

15 International Portfolio Theory & Investment



Part VI Foreign Investment Decisions

16 Foreign Direct Investment Theory & Strategy

17 Political Risk Assessment and Management

18 Multinational Capital Budgeting

Appendix: Adjusting for Risk

19 Cross-Border Mergers, Acquisitions, and Valuation



Part VII Managing Multinational Operations

20 International Trade Finance

21 Multinational Tax Management

22 Working Capital Management



Glossary

Index