Focused on real-life decision making in an international context, this text demystifies and simplifies multinational financial management by showing that it is a natural and logical extension of the principles and valuation framework provided by domestic corporate financial management-but with dimensions unique to international finance.

Monograph on the management of foreign exchange as an increasingly important aspect of financial policy of multinational enterprises - seeks to protect foreign investment from losses due to exchange rate fluctuations by examining current economic theory and practice in this field and by developing a model specifying optimal strategy. Bibliography pp. 117 to 155, graphs, references and statistical tables.

The eleventh edition of Multinational Financial Management is a comprehensive survey of the essential areas of the international financial market environment, including foreign exchange and derivative markets, risk management, and international capital markets and portfolio investment. Designed for upper-level undergraduate and masters-level courses in international finance and management, this textbook offers readers a conceptual framework for analyzing key financial decisions of multinational firms. The authors both explain and simplify multinational financial management by illustrating how its basic principles share the same foundation as domestic corporate finance. Assuming no prior knowledge of international economics or finance, this substantially revised new edition builds upon the fundamental principles of domestic financial management to examine the unique dimensions of international finance. Readers are presented with a solid theoretical knowledgebase for examining decision problems, as well as practical analytical techniques that clarify the often-ambiguous guidelines used by international financial executives. All the traditional areas of corporate finance are explored from the perspective of a multinational corporation, focusing on elements rarely encountered in domestic finance such as multiple currencies, segmented capital markets, and political risks of nationalization or expropriation.

Many companies are multi-national corporations (MNCs) that have significant foreign operations deriving a high percentage of their sales overseas. The controllers of MNCs require an understanding of the complexities of international finance to make sound financial and investment decisions. International finance, also known as multinational finance, involves consideration of managing working capital, financing the business, control of foreign exchange and political risks, and foreign direct investments. Topics include: Foreign Exchange Rate Determination and Foreign Exchange Market, International Capital Market Equilibrium, Forecasting and the Efficiency of International Markets, Managing Foreign Transaction Exposure, Exports and Imports Financing, Working Capital Management, International Banking, International Investing and Diversification.