Principles of International Finance

Today's economic environment has interconnectedness levels never thought of before. Financial markets follow similar trends too: portfolios are internationally diversified and financial securities are now more than ever cross listed on foreign exchanges. The aim of this book is to offer both a clear framework and a set of operational tools to understand the relationship between multinational firms and international financial markets. Every topic and chapter is accompanied by several real-world cases aimed at developing the capability to understand and use international finance methodologies and practices around the world. The framework developed throughout the book suggests how to balance three relevant factors: complex financial incentives have to be integrated with institutional obstacles and opportunities and aligned with managerial objectives. While revolving around international markets, with all its features and aspects, the main discussion addresses both macroeconomic and financial components.