This book features a streamlined presentation, expanded attention to emerging markets, and a stronger managerial focus throughout. The International Financial Environment, The International Monetary Environment, Foreign Exchange Rate Determination, The Foreign Exchange Market, Foreign Currency Options, Measuring and Managing Foreign Exchange Exposure, Transaction Exposure, Operating Exposure, Accounting Exposure, Interest Rate Exposure and Swaps, Financing the Global Firm, Sourcing Equity Globally, Sourcing Debt Globally, Foreign Investment Decisions, Multinational Capital Budgeting, International Acquisitions and Valuation, Managing Multinational Operations, Multinational Taxation, Repositioning Funds, Working Capital Management, Evaluation of Performance, Advanced Topics in Multinational Finance, International Portfolio Theory and the MNE, Advanced Topics in Currency Risk Management, Advanced Topics in Interest Rate Risk Management.