Incorporating theory & practice, this textbook was developed to help guide professors faced with the challenge of teaching a comprehensive survey course of global finance through a complex international network of markets, institutions, & financial instruments. Global Finance covers the five major areas of global finance including: the environment of global finance, international financial markets, international banking, international corporate finance, & international portfolio investment. This book operationally is heavily markets driven. This emphasis is seen in the up-to-date coverage given to market instruments in the global financial markets. In addition, financial management practice in banking, corporate finance, & investment management is all driven by current markets practice. Features * Student case book shrinkwrapped with every copy of the book. * Greater emphasis on the interconnection between banks & corporations, between portfolio managers & corporations, & more for flexible use. * Provides a markets orientation, exhibiting interconnections between different kinds of players & the markets, & reflecting the importance of the market place in valuing securities issued by corporations & by banks of various types. * Focuses on global finance as an entity differentiating itself from other texts in finance & international business. Supplements Instructor's Resource Manual, Transparency Masters, Computerized Test Gen for Windows & Macintosh. Table of Contents PART I: ENVIRONMENT OF GLOBAL FINANCE Chapter 1: Global Finance & the World Economic Environment Chapter 2: International Monetary System Chapter 3: Balance of Payments Analysis PART II: INTERNATIONAL FINANCIAL MARKETS Chapter 4: Foreign Exchange Market Chapter 5: Currency Futures, Options, & Swaps Chapter 6: Eurocurrency Market & Offshore Banking Chapter 7: International Bond Market Chapter 8: Major Financial Centers: New York, London, & Tokyo PART III: INTERNATIONAL BANKING Chapter 9: Global Banking: Overview Chapter 10: Financing Foreign Trade Chapter 11: Bank Money Management Chapter 12: Bank Lending, Euroloans, & Country Risk Analysis PART IV: INTERNATIONAL CORPORATE FINANCE Chapter 13: Direct Investment: Empirical Perspective, Motivations, & Risk Dimensions Chapter 14: Foreign Affiliate Financing, Taxation, & Cost of Capital Chapter 15: International Cash Management Chapter 16: Foreign Currency Exposure & Management Chapter 17: International Capital Budgeting PART V: INTERNATIONAL PORTFOLIO MANAGEMENT Chapter 18: International Investment & Capital Markets Chapter 19: International Portfolio Diversification Chapter 20: Investment Management & Evaluation