Arthur I. Stonehill Arthur I. Stonehill is a Professor of Finance and International Business, Emeritus, at Oregon State University, where he taught for 24 years (1966-1990). During 1991-1997 he held a split appointment at the University of Hawaii at Manoa and Copenhagen Business School. From 1997 to 2001 he continued as a Visiting Professor at the University of Hawaii at Manoa He has also held teaching or research appointments at the University of California, Berkeley, Cranfield School of Management (U.K.), and the North European Management Institute (Norway). He was a former president of the Academy of International Business, and was a western director of the Financial Management Association. Professor Stonehill received a B.A. (History) from Yale University (1953), an M.B.A. from Harvard Business School (1957), and a Ph.D. in Business Administration from the University of California, Berkeley (1965). He was awarded honorary doctorates from the Aarhus School of Business (Denmark, 1989), the Copenhagen Business School (Denmark, 1992), and Lund University (Sweden, 1998). He has authored or co-authored nine books and twenty-five other publications. His articles have appeared in Financial Management, Journal of International Business Studies, California Management Review, Journal of Financial and Quantitative Analysis, Journal of International Financial Management and Accounting, International Business Review, European Management Journal, The Investment Analyst (U.K.), Nationalokonomisk Tidskrift (Denmark), Sosialokonomen (Norway), Journal of Financial Education, and others. David K. Eiteman David K. Eiteman is Professor Emeritus of Finance at the John E. Anderson Graduate School of Management at UCLA. He has also held teaching or research appointments at the Hong Kong University of Science & Technology, Showa Academy of Music (Japan), the National University of Singapore, Dalian University (China), the Helsinki School of Economics and Business Administration (Finland), University of Hawaii at Manoa, University of Bradford (U.K.), Cranfield School of Management (U.K.), and IDEA (Argentina). He is a former president of the International Trade and Finance Association, Society for Economics and Management in China, and Western Finance Association. Professor Eiteman received a B.B.A. (Business Administration) from the University of Michigan, Ann Arbor (1952), M.A. (Economics) from the University of California, Berkeley (1956), and a Ph.D. (Finance) from Northwestern University (1959). He has authored or co-authored four books and twenty-nine other publications. His articles have appeared in The Journal of Finance, The International Trade Journal, Financial Analysts Journal, Journal of World Business, Management International, Business Horizons, MSU Business Topics, Public Utilities Fortnightly, and others. Michael H. Moffett Michael H. Moffett is Continental Grain Professor of Finance at Thunderbird School of Global Management. He was formerly Associate Professor of Finance at Oregon State University (1985-1993). He has also held teaching or research appointments at the University of Michigan, Ann Arbor (1991-1993), the Brookings Institution, Washington, D.C., the University of Hawaii at Manoa, the Aarhus School of Business (Denmark), the Helsinki School of Economics and Business Administration (Finland), the International Centre for Public Enterprises (Yugoslavia), and the University of Colorado, Boulder. Professor Moffett received a B.A. (Economics) from the University of Texas at Austin (1977), an M.S. (Resource Economics) from Colorado State University (1979), an M.A. (Economics) from the University of Colorado, Boulder (1983), and Ph.D. (Economics) from the University of Colorado, Boulder (1985). He has authored, co-authored, or contributed to six books and 15 other publications. His articles have appeared in the Journal of Financial and Quantitative Analysis, Journal of Applied Corporate Finance, Journal of International Money and Finance, Journal of International Financial Management and Accounting, Contemporary Policy Issues, Brookings Discussion Papers in International Economics, and others. He has contributed to a number of collected works including the Handbook of Modern Finance, the International Accounting and Finance Handbook, and the Encyclopedia of International Business. He is also co-author of two books in multinational business with Michael Czinkota and Ilkka Ronkainen,International Business (7th edition) and Global Business.

Part I: Global Environment Chapter 1: Globalization and the Multinational Enterprise Chapter 2: Financial Goals & Governance Chapter 3: The International Monetary System Chapter 4: The Balance of Payments Chapter 5: Current Multinational Financial Challenges: Crisis Part II: Foreign Exchange Theory and Markets Chapter 6: The Foreign Exchange Market Chapter 7: International Parity Conditions Appendix: Algebraic Primer to International Parity Conditions Chapter 8: Foreign Currency Derivatives Appendix: Currency Option Pricing Theory Chapter 9: Interest Rate and Cross Currency Swaps Chapter 10: Foreign Exchange Rate Determination & Forecasting Part III: Foreign Exchange Exposure Chapter 11: Transaction Exposure Appendix: Complex Options Chapter 12: Operating Exposure Chapter 13: Translation Exposure Part IV: Financing the Global Firm Chapter 14: The Global Cost and Availability of Capital Chapter 15: Sourcing Equity Globally Chapter 16: Sourcing Debt Globally Part V: Foreign Investment Decisions Chapter 17: International Portfolio Theory & Investment Chapter 18: Foreign Direct Investment Theory & Strategy Chapter 19: Multinational Capital Budgeting Part VI: Managing Multinational Operations Chapter 20: Multinational Tax Management Chapter 21: Working Capital Management Chapter 22: International Trade Finance