Prefacexvii
Acknowledgmentsxxi
PARTI:INTRODUCTION3
Chapter1IntroductiontoInternationalBusinessFinance3
PARTII:THEGLOBALBUSINESSFINANCEENVIRONMENT25
Chapter2TheInternationalMonetarySystemandtheBalanceofPayments27
Chapter3TheForeignExchangeMarket,ForecastingExchangeRates,andParityRelationships66
Chapter4TheManagementofForeignExchangeRateExposure104
Chapter5PoliticalRiskinGlobalFinancialManagement121
PARTIII:PLANNINGFORFOREIGNINVESTMENTANDOPERATIONS147
Chapter6ForeignDirectInvestment149
Chapter7Long-TermCapitalManagement170
Chapter8PlanningandOrganizationoftheInternationalFinanceFunction190
PARTIV:THEROLEOFBANKSINGLOBALFINANCE209
Chapter9InternationalBanking:ItsEnvironmentandRole211
Chapter10InternationalBanking:MajorFunctionsofInternationalBanks230
PARTV:INVENTORYOFINTERNATIONALFINANCIALRESOURCES267
Chapter11Non-BankFinancialInstitutionsinGlobalFinance269
Chapter12InternationalFinancialMarkets287
Chapter13InternationalDerivatives:Exchange-Traded320
Chapter14InternationalDerivatives:NonexchangeTraded365
PARTVI:SHORT-TERMCAPITALMANAGEMENTOFINTERNATIONALOPERATIONS389
Chapter15InternationalCashManagement391
Chapter16Accounting,Control,andAuditingforInternationalOperations416
Chapter17TaxationofInternationalOperations453
Chapter18PaymentSystems,Custody,andSettlementofCross-BorderTransactionsinGlobalFinance488
GlossaryofTerms521
Index532