Chapter Objective: This chapter serves to begin our discussion of world financial markets and institutions

Chapter Objective: This chapter discusses both the primary and secondary equity markets throughout the world

Chapter Objective This chapter discusses currency and interest rateswaps, which are relatively new instruments forhedging long-term interest rate risk and foreignexchange risk

Chapter Objectives: This chapter provides a way to measure economic exposure, discusses its determinants, and presents methods for managing and hedging economic exposure

Chapter objective This chapter discusses the impact that unanticipatedchanges in exchange rates may have on theconsolidated financial statements of the multinationalcompany

Chapter Objective: This chapter discusses the cost of capital for the multinational firm

Chapter Objective This chapter discusses various issues associated withmultinational cash management

The second column calculates Big Mac PPPs by dividing the local currency price by the American price. For instance, in Japan Big Mac costs￥22. Dividing this by the American price of$2.90 produces a dollar PPP against the yen of Y90, compared with its current rate of Y113, suggesting

For many years a huge Manila garbage dump known as Smokey Mountain was a favorite media symbol of Third World poverty. Several thousand men, women, and children lived on that dump--enduring the stench, the flies, and the toxic waste in order to make a living combing the garbage for scrap metal and other recyclables. And they lived there voluntarily, because the $10 or so

Economist.comOPINION Economics focus Stop worrying and love the deficit Nov 27th 2003 From The Economist print edition America's current-account deficit poses few dangers, says Alan Greenspan. Except to Europeans IN THE past year the United States has run up a current-account deficit of more than $500 billion. Some think that the line of credit extended by the res