International Financial Markets

This course presents some specificities of international financial markets, and more specifically stock markets. It details the examples of Islamic finance, industrial groups in Japan, and the economic development of China. The main financial market indicators are also described. Assignment : 1 hour test at the end of the semester.

general knowledge about stocks, firm financing, balance sheet, income statement, economic environment

1.Some useful indicators on international equity markets
ROA, ROE
PER PBR
Market model (CAPM)

2.Islamic finance
The recent development of this financial activity
The basics and some important contracts

3. Japanese industrial and financial groups
Japanese industrial groups (keiretsu) and their characteristics
The resulting financial practices

4.The transformation of the Chinese financial system
Economic reforms in China since the late 1970s
The main characteristics of Chinese banks      

Capacity to characterize various international financing means Understanding of economic and industrial specific contexts Analyzing the main features of a stock market

Berk J., DeMarzo P., (2006), Corporate Finance, Addison Wesley, Pearson Int. Edition.
Brealey, R., Myers, S., & Allen, F. (2007). Fundamentals of Corporate Finance (5th ed.), New York: McGraw-Hill International.
Vernimmen P., (2016), Corporate Finance, Dunod, 14ht Ed. (Y. Le Fur & P. Quiry)