AN INTRO LECTURE TO INT'L FIN MGT, PU, May 2, 2011

AN INTRO LECTURE TO INT'L FIN MGT, PU, May 2, 2011 - 1 AN...

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AN INTRODUCTORY LECTURE INTERNATIONAL CORPORATE FINANCE PROF. HARVEY PONIACHEK PACE UNIV., MAY 2, 2011 I. THE INTERNATIONAL FINANCIAL MARKETS 1. THE SIGNIFICANCE OF INTERNATIONAL FINANCIAL MARKETS 2. INSTITUTIONAL SETTING (OBJECTIVES, ORGANIZATIONS / INSTITUTIONS, RULES AND REGULATIONS) 3. PARTICIPANTS (FINANCIAL INSTITUTIONS, NON-BANK CORPS, CENTRAL BANKS, GOV’TS, INDIVIDUALS) 4. INSTRUMENTS (TYPES, VALUATION / PRICING, RISK, USES) 5. See Blackboard for “International Financial Markets”, Presentation on June 10, 2010 at CUNY / Baruch College to EADA, Executive MBA, Barcelona, Spain By Harvey Poniachek, Ph.D., Director of Valuation Services, RSM McGladrey, Inc. & Professor of Finance The City University of New York, Baruch College & Pace University II. GLOBALIZED BUSINESS AND ITS IMPLICATIONS ON FINANCIAL MANAGEMENT 1. OUR BUSINESSES HAVE BECOME GLOBALIZED AND THE WORLD MARKETS HAVE BECOME HIGHLY INTEGRATED 2. AMERICAN MULTINATIONAL COMPANIES (MNCs) OPERATE GLOBALLY & CONDUCT BUSINESS IN VARIOUS FOREIGN CURRENCIES, AND ARE SUBJECT TO CURRENCY RISK AND MANAGEMENT REQUIREMENTS 3. OUR MNCs FUND THEIR ACTIVITIES IN THE U.S. FINANCIAL MARKETS, IN FOREIGN FINANCIAL MARKETS AND VIA OFF SHORE FINANCIAL MARKETS THROUGH VARIOUS TYPES OF FUNDS; AND THEY NEED TO MAKE DECISIONS RELATING TO TYPE OF FUNDS, COST AND RISK 4. US MNCs ARE MAJOR INVESTORS ABROAD, BUT THESE ARE COMPETING WITH INVESTMENT OPPORTUNITIES AT HOME— THUS WHICH PROJECTS TO SELECT? 1
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5. OUR MAJOR COMPANIES OPERATE IN VARIOUS JURISDICTIONS, AND ARE SUBJECT TO LOCAL RULES & REGULATIONS, COUNTRY / SOVEREIGN RISK; AND THE ISSUE
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This note was uploaded on 05/09/2011 for the course FIN 101 taught by Professor Cho during the Spring '08 term at NYU.

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AN INTRO LECTURE TO INT'L FIN MGT, PU, May 2, 2011 - 1 AN...

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