30151 - PRINCIPLES OF INTERNATIONAL FINANCE

The aim of this course is to give a very broad picture about international finance moving from the needs of the firm in terms of financing and corporate advisory services to the analysis of investment banking offerings. The introductory part of the course covers topics such as the demand for equity and debt financing and the market for corporate control from an international perspective. Focus then moves to the investment bank’s organizational structure and the products they offer including advisory services, issuance of securities, sales and trading. In addition, new, innovative Wall Street securities and advisory products are reviewed. The whole structure of the course is applied, involves real-world case studies and is oriented to develop capabilities to understand and use methodologies and practices used on global financial markets.

• Firms’ demand for external financing, US and international
• The market for corporate control, US and international
• The business system of investment banking:
  • Financing services
  • Corporate finance advisory services
  • Client related trading and proprietary trading
  • Asset management, wealth management and research services
• Regulation and supervision of the investment banking industry in US, UK, Japan and China
• Investment banking in an international perspective (Japan, China, India, Brazil, Russia and other emerging markets)
• Recent Wall Street innovations

Course assessment for all students is based on one closed-book written exam (multiple choice and open questions) at the end of the term

D.P. STOWELL, Investment Banking, Hedge Funds and Private Equity: The New Paradigm, Academic Press, Elsevier Inc., 2010

r.a. brealey, st.c. myers, f. allen, Principles of Corporate Finance, McGraw-Hill Companies, 2010 

Knowledge of the basic topics covered in corporate finance and corporate valuation courses, such as for example Bocconi courses 30017 and 30149.