International Corporate Finance: Value Creation with Currency Derivatives in Global Capital Markets, + Website

PART Three

International Financing

If globalization of financial markets has gone a long way toward eradicating differences in national cost of capital, they have not been entirely erased; this is why global financial markets are often characterized as being mildly segmented rather than fully integrated (Chapter 8). Part Three outlines funding as a global procurement decision from both equity markets (Chapter 9) and debt markets (Chapter 10). The uniqueness of financing strategies and capital markets in two regions of the world that loom especially large on the global economy—namely, East Asia and the Middle East—is addressed in separate chapters: Chapter 12 profiles the idiosyncrasies of Asian finance and banking in the context of Japan, South Korea, and China, whereas Chapter 13 explores the mysteries of Islamic finance.