Multinational Finance: Evaluating the Opportunities, Costs and Risks of Multinational Operations

Part I: The International Financial Environment
1. An Introduction to Multinational Finance
2. World Trade and the International Monetary System
3. Foreign Exchange and Eurocurrency Markets
4. The International Parity Conditions and Their Consequences
Appendix 4A: Continuous Compounding

Part II: Derivative Securities for Financial Risk Management
5. Currency Futures and Futures Markets
6. Currency Options and Options Markets
Appendix 6A: Currency Option Valuation
7. Currency Swaps and Swaps Markets

Part III: Managing the Risks of Multinational Operations
8. Multinational Treasury Management
Appendix 8A: The Rationale for Hedging Currency Risk
9. Managing Transaction Exposure to Currency Risk
10. Managing Operating Exposure to Currency Risk
11. Managing Translation Exposure and Accounting for Financial Transactions

Part IV: Valuation and the Structure of Multinational Operations
12. Foreign Market Entry and Country Risk Management
13. Multinational Capital Budgeting
14. Multinational Capital Structure and Cost of Capital
15. Taxes and Multinational Corporate Strategy
16. Real Options and Cross-Border Investment Strategy
17. Corporate Governance and the International Market for Corporate Control

Part V: International Portfolio Investment and Asset Pricing
18. International Capital Markets
19. International Portfolio Diversification
20. International Asset Pricing
Appendix: Useful Rules and Formulas