Part 1. The international monetary environment. 1, The foreign exchange market. 2, International monetary arrangements. 3, The balance of payments -- Part 2. International parity conditions. 4, Forward-looking market instruments. 5, Eurocurrency markets and the LIBOR. 6, Exchange rates, interest rates, and interest parity. 7, Prices, exchange rates, and purchasing power parity -- Part 3. Risk and international capital flows. 8, Foreign exchange risk and forecasting. 9, Financial management of the multinational firm. 10, International investment. 11, International lending and crises -- Part 4. Modeling the exchange rate and balance of payments. 12, Determinants of the balance of trade. 13, The IS-LM-BP approach. 14, The monetary approach. 15, Extensions and challenges to the monetary approach.