Contents 1. Financial Management in A Global Context 2. Objectives of the Firm and the Impact of Risk. 3. The Nature and Measurement of Exposure and Risk. 4. The Balance of Payments. 5. The International Monetary System. 6. Global Financial Markets and Interest Rates. 7. The Foreign Exchange Market. 8. Forwards, Swaps and Interest Parity. 9. Currency and Interest Rate Futures. 10. Currency Options. 11. Exchange Rate Determination and Forecasting. 12. Corportae Exposure Management Policy. 13. Hedging, Speculation and Management of Transactions Exposure. 14. Management of Operating Exposure.