PREFACE
1.The World International Finance
Part One
THE MARKETS FOR FOREIGN EXCHANGE
2.An Introduction to Exchange Rates
3.Forward Exchange
4.Currency Futures and Options Markets
Part Two
DETERMINATION LF EXCHANGE RATES
5.The Balance-of-Payments Accounts
6.Supply_and_Demand View of Exchange Rates
7.Modrn Theories of Exchange Rates
8.Alternative Systems of Exchange Rates
9.The International Financial System:Past,Present,and Future
Part Three
THE FUNDAMENTAL INTERNATIONAL PAREYT CONDITIONS
10.The Purchasing _Power Parity Principle
11.Interest Parity
Part Four
MANAGING FOREIGN EXCHANGE RISK AND EXPOSURE
12.Foreign Exposure and Risk
13.Accounting Exposure versus Real Exposure
14.Operating Exposuer
15.Hedging Risk and Exposure
16.Speculation,Market Efficiency and Forecasting
Part five
INTERNATIONAL INVESTMENT AND FINANCING
17.Cash Management
18.Portfolil Investment
19.Capital Budgeting for Direct Foreign Investment
20.The Growth and concerns about Multinationals
21.International Financing
Part Six
INSTITUTIONAL STRUCTURE OF INTERNATIONAL TRAKE AND FINANCE
22.Multinational Banking
23.Instruments Instiutions of International Trade