PREFACE1.The World International FinancePart One THE MARKETS FOR FOREIGN EXCHANGE2.An Introduction to Exchange Rates 3.Forward Exchange4.Currency Futures and Options MarketsPart TwoDETERMINATION LF EXCHANGE RATES5.The Balance-of-Payments Accounts6.Supply_and_Demand View of Exchange Rates7.Modrn Theories of Exchange Rates8.Alternative Systems of Exchange Rates9.The International Financial System:Past,Present,and FuturePart ThreeTHE FUNDAMENTAL INTERNATIONAL PAREYT CONDITIONS10.The Purchasing _Power Parity Principle11.Interest ParityPart Four MANAGING FOREIGN EXCHANGE RISK AND EXPOSURE12.Foreign Exposure and Risk13.Accounting Exposure versus Real Exposure14.Operating Exposuer15.Hedging Risk and Exposure16.Speculation,Market Efficiency and ForecastingPart five INTERNATIONAL INVESTMENT AND FINANCING17.Cash Management18.Portfolil Investment 19.Capital Budgeting for Direct Foreign Investment20.The Growth and concerns about Multinationals21.International FinancingPart Six INSTITUTIONAL STRUCTURE OF INTERNATIONAL TRAKE AND FINANCE22.Multinational Banking 23.Instruments Instiutions of International Trade
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