Preface
1. The World of International Finance
2. An Introduction to Exchange Rates
3. Forward Exchange
4. Currency Futures and Options Markets
5. The Balance of Payments
6. Supply and Demand View of Exchange Rates
7. The Purchasing-Power Parity Principle
8. Interest Parity
9. Foreign Exchange Exposure and Risk
10. Accounting Exposure Versus Real Exposure
11. Operating Exposure
12. Hedging Risk and Exposure
13. Exchange Rate Forecasting and Speculation
14. Cash Management
15. Portfolio Investment
16. Capital Budgeting for Foreign Investment
17. The Growth and Concerns about Multinationals
18. International Dimensions of Long-Term Financing
19. Multinational Banking
20. Instruments and Institutions of International Trade
21. Asset-Based Theories of Exchange Rates
22. Alternative Systems of Exchange Rates
23. The International Financial System: Past, Present and Future
24. The Rise of the Asian Economies
25. Finance in Emerging Markets
26. Globalization
Biography
Maurice D. Levi
