International Finance Book

	List of exhibits, figures and tables
	Preface
	Acknowledgements
	Introductory chapter from the first edition: The whys and wherefores of international finance	1
I	The Economics of International Transactions	15
1	Balance of payments	17
2	The exchange rate and economic adjustment	37
3	International parity relations	65
II	Organization of the International Financial System	91
4	The international monetary system	93
5	International banking and the Eurocurrency market	113
6	The foreign exchange market	131
III	Derivative Markets, Instruments and Techniques	151
7	Futures markets and instruments	153
8	Option markets and instruments	181
9	Exotic options and other over-the-counter instruments	217
IV	International Risk Assessment	253
10	Country and political risk analysis	255
11	The benefits and risks of international portfolio investment	291
12	Advanced techniques for country and political risk assessment	319
V	Foreign Exchange Risk Management	355
13	Current operations and foreign exchange exposure	357
14	Managing foreign exchange risk	373
15	Economic and financial analysis of currency option uses	389
16	Sophisticated hedging techniques	413
VI	Borrowing and Lending Internationally	439
17	The international debt markets	441
18	Managing interest rate risk	475
VII	Other International Markets	511
19	International commodity markets: Inventory and supply management	513
20	World equity markets	535
VIII	Capital Budgeting and Foreign Direct Investment	555
21	Foreign direct investment: Capital budgeting and political, economic and financial risk management	557
22	Foreign direct investment: Measuring and managing risk	593
23	International mergers and acquisitions	609
	Selected web sites	628
	Glossary	630
	References	641
	Name index	652
	Subject index	655