Principles of International Finance

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“In such a dynamic and complex context, this book provides a valuable analytical contribution to understand the structure and functioning of world finance.” MATTEO ARPE Founder, Chairman and CEO of SatorToday’s economic environment has reached interconnectedness levels never imagined before. People are living in a highly globalized world, where consumption, the production of goods, and the provision of services have become highly integrated. A similar trend can be found in financial markets too, where portfolios are internationally diversified and financial securities are now more cross-listed than ever on foreign exchanges. Understanding how to move and act effectively in such a complex environment is imperative for today’s managers given the vibrant, global, and fast-changing context in which they operate. From here, the inspiration for a book exploring the complexities of multinational financial management, which range from dealing with foreign currency exposures to determining the capital structure of subsidiaries, valuing investments in risky countries, and considering the managerial and environmental issues that make multinational financial decision-making so challenging. PRINCIPLES OF INTERNATIONAL FINANCE Table of Contents Foreword by Matteo Arpe Introductory Remarks Acknowledgments 1 A Global Financial System: Internationalization and MNCs 2 International Financial Markets 3 International Banks 4 Corporate Valuation: Domestic Analysis 5 The Cost of Capital for Multinational Corporations 6 Introduction to Foreign Direct Investment 7 International Acquisitions 8 Country Risk Analysis 9 Exchange Rate Risk Management 10 Equity Financing 11 Private Equity FinancingAround the World 12 Structured Finance Deals:A Focus on LBOs 13 Debt Financingand Debt Capital Markets 14 Corporate Governanceand Shareholder Activism About the Author Bibliography Back cover