As THE FIELD OF INTERNATIONAL FINANCE HAS EVOLVED, SO HAS THE CONTENT OF Multinational Business Finance. As in previous editions, we perceive the multinational enterprise to be a unique institution that acts as a catalyst and a facilitator of international trade and as an important producer and distributor in host countries where is subsidiaries are located. The success of a multinational enterprise continues to be dependent on its ability to recognize and benefit from imperfections in national markets for products, factors of production, and financial assets.

Also carried over from the earlier editions is the theme that volatile exchange rates may increase risk, but they also create opportunities for both investors and firms to profit, given a proper understanding of exchange risk management.

The Eleventh Edition continues to recognize the increasing importance of global integration of money and capital markets, a trend that is creating expanded opportunities for both investors and organizations that need to raise capital. Although global integration of financial markers removes some market imperfections that impede the flow of capital internationally, excellent opportunities continue to exist for investors to increase their returns while lowering their risk through international portfolio diversification and for firms to lower their cost of capital by sourcing it internationally.

Part 1. Global Financial Environment
Part 2. Foreing exchange Theory
Part 3. The Foreign Exchange market and derivatives
Part 4. foreign exchange exposure
Part 5. Financing theg global firm
Part 6. Foreign investment decisions
Part 7. Managing multnational operations

Pearson International Edition