The world of international finance -- An introduction to exchange rates -- Forward exchange -- Currency futures and options markets -- The balance of payments -- Supply and demand view of exchange rates -- The purchasing-power parity principle -- Interest parity -- Foreign exchange exposure and risk -- Accounting exposure versus real exposure -- Operating exposure -- Hedging risk and exposure -- Exchange rate forecasting and speculation -- Cash management -- Portfolio investment -- Capital budgeting for foreign investment -- The growth and concerns about multinationals -- International dimensions of long-term financing -- Multinational banking -- Instruments and institutions of international trade -- Asset-based theories of exchange rates -- Alternative systems of exchange rates -- The international financial system : past, present and future -- The rise of the Asian economies -- Finance in emerging markets -- Globalization.