Multinational Financial Management, 10th Edition provides corporate managers with a conceptual framework within which the key financial decisions of the multinational firm can be analyzed. All the traditional areas of corporate finance are explored, including working capital management, capital budgeting, cost of capital, and financial structure, in the context of a multinational corporation. The text offers a variety of real-life examples, both numerical and institutional, that demonstrate the use of financial analysis and reasoning in solving international financial problems. New To This Edition Incorporates the changes in the world financial system, particularly the ongoing European sovereign debt crisis and the continuing development of China and India. Added discussion of recent instability in the international monetary system, as well as of the issues policymakers face in designing an exchange rate regime. Extensive analysis and discussion of QE2 and of the recent crises and structural flaws in the European Monetary Union, particularly related to the experience of the PIGS. New charts and illustrations of corporate practice that are designed to highlight specific techniques or teaching points in order to emphasize and reinforce the concepts developed in the body of each chapter.