Multinational Finance is an authoritative and comprehensive description of the theory and practice of international finance and its management. This fifth edition builds on the strengths of previous editions, offering a user-friendly guide to the subject that moves through the basics to the advanced with clarity and conciseness. The content has been thoroughly revised to incorporate the most up to date information in terms of markets, coverage of new financial instruments, and the latest empirical work (in particular in relation to discount rates and required rates of return). A key feature of this edition is its strong European orientation, a theme that runs throughout the book and makes Multinational Finance unique in its field. Multinational Finance is recommended for undergraduate, MBA and other postgraduate courses in international financial management taken as a part of a degree programme in finance or international business. The book also caters for professionals in the financial field.