Emphasizes broad concepts and practices, and provides a clear conceptual framework for analyzing key financial decisions in multinational firms. The text treats international financial management as a natural and logical extension of the principles learned in the foundations course in financial management. Thus, it builds on and extends the valuation framework provided by domestic corporate finance to account for dimensions unique to international finance.

Environment of international financial management -- Introduction: multinational enterprise and multinational financial management -- The determination of exchange rates -- The international monetary system -- Parity conditions in international finance and currency forecasting -- The balance of payments and international economic linkages -- Foreign exchange and derivatives markets -- The foreign exchange market -- Currency futures and options markets -- Swaps and interest rate derivatives -- Foreign exchange risk management -- Measuring and managing translation and transaction exposure -- Measuring and managing economic exposure -- Foreign markets and investments -- Country risk analysis -- International financing and national capital markets -- International portfolio investment -- Capital budgeting for the multinational corporation -- Financing and controlling multinational operations -- Financing foreign trade -- Managing the multinational financial system.