The second edition needs some work.
7/9/2007
I have had other texts that did a great job at highlighting the key concepts, perhaps creating a sidebar to point out definitions and concepts as they occur in the text. This book assumes that your highlighter will find these nuggets by itself. Also, the chapter summaries were pretty skimpy, and I did not find them to be a valuable study resource.
However, the end-of-chapter questions and problems were fantastic resources to expand my learning and discover weaknesses. I was also impressed by the choice of case studies. These real-world examples contributed to a deeper understanding, and provided a starting point for research.
The range of topics included:
-The International Monetary System.
-Balance of Payments.
-Foreign exchange markets and rates.
-Management of risk due to foreign exchange exposure.
-Sources of global equity and debt.
-International Portfolio Diversification Theory.
-International Tax Management Strategies.
I did learn alot about Multinational Finance from this book, but I think my learning would have been enhanced if the book were developed further.