Description Renowned for itsauthoritative, comprehensive coverage of contemporary internationalfinance, this market-leading text trains the leaders of tomorrow'smultinational enterprises to recognize and capitalize on the uniquecharacteristics of global markets. Because the job of a manager isto make financial decisions that increase firm value, the authorshave embedded real-world mini-cases throughout to apply chapterconcepts to the types of situations managers of multinational firmsface. For Sale in Indiansubcontinent only The unique managerial emphasis employs numerous embedded mini-cases to push students beyond a superficial understanding of abstract concepts. Students learn that a successful manager in a multinational enterprise not only needs to be able to recognize imperfections in national markets for products, factors of production and financial assets, but also to be able to make decisions about how to benefit from those imperfections. Exceptional currency of coverage keeps students abreast of contemporary issues and events, including financial management issues in emerging markets. An entire chapter is devoted to the political risk challenges faced by multinational enterprises across three corridors of exposure: firm-specific risk, country-specific risk, and global-specific risk. Spreadsheet examples, along with online templates, give students hands on practice with a key tool of the financial manager. Multinational Business Finance also offers the most end-of-chapter problems of any text on the market. Spreadsheet solutions are available for instructors. Part I: Global Environment Globalization and the Multinational Enterprise Financial Goals & Governance The International Monetary System The Balance of Payments Current Multinational Financial Challenges: Crisis Part II: Foreign Exchange Theory and Markets The Foreign Exchange Market International Parity Conditions Foreign Currency Derivatives Interest Rate and Cross Currency Swaps Fore