CONTENIDO: The Foreign Exchange Market. -- The Balance of Payments. -- Past and Present International Monetary Arrangements. -- Forward-Looking Market Instruments. -- Exchange Rates, Interest Rates, and Interest Parity. -- Foreign Exchange Risk and Forecasting. -- International Investment and Capital Flows. -- Prices and Exchange Rates: Purchasing Power Parity. -- Determinants of the Balance of Trade and Payments. -- Exchange Rate Determination. -- Import and Export Financing. -- Financial Management of the Multinational Firm. -- International Banking, Debt, and Risk. -- Macroeconomic Policy in the Open Economy.