This book provides a background on the international environment and then to focus on the managerial aspects from a corporate perspective. Part 1 introduces the major markets that serve international business. Part 2 describes relationships between exchange rates and economic variables, and explains the forces that influence these relationships. Part 3 begins the managerial perspective, with a focus on the measurement and management of exchange rate risk. Part 4 concentrates on the corporate management of short-term assets and liabilities. Part 5 describes the management of long-term assets and liabilities