Professional Documents
Culture Documents
International Business: by Charles W.L. Hill
International Business: by Charles W.L. Hill
Business 7e
McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
Chapter 11
11-3
Benefits Of The Global Capital Market
11-4
Functions Of A Generic Capital Market
11-5
Classroom Performance System
a) commercial banks
b) pension funds
c) insurance companies
d) governments
11-6
Functions Of A Generic Capital Market
11-7
Attractions Of The Global Capital Market
11-8
Attractions Of The Global Capital Market
11-9
Attractions Of The Global Capital Market
11-10
Attractions Of The Global Capital Market
11-11
Classroom Performance System
11-12
Classroom Performance System
11-13
Growth Of The Global Capital Market
11-14
Classroom Performance System
a) $3,600
b) $7,800
c) $17,800
d) $33,600
11-15
Growth Of The Global Capital Market
11-16
Growth Of The Global Capital Market
11-17
Classroom Performance System
a) agriculture
b) consumer electronics
c) automotives
d) financial services
11-18
Growth Of The Global Capital Market
11-19
Global Capital Market Risks
11-20
The Eurocurrency Market
11-21
Classroom Performance System
11-22
Genesis And Growth Of The Market
11-23
Growth Of The Global Capital Market
In the 1960s, the market grew once again when, after
changes in U.S. regulations discouraged U.S. banks from
lending to non-U.S. residents, would-be borrowers of
dollars outside the United States turned to the euromarket
as a source of dollars
The next big increase in the eurocurrency market came
after the 1973-74 and 1979-80 oil price increases
OPEC members avoided potential confiscation of their
dollars by depositing them in banks in London
11-24
Attractions Of The Eurocurrency Market
11-25
Attractions Of The Eurocurrency Market
11-26
Drawbacks Of The Eurocurrency Market
11-27
The Global Bond Market
11-28
Attractions Of The Eurobond Market
11-29
The Global Equity Market
11-30
Foreign Exchange Risk
And The Cost Of Capital
11-31
Implications For Managers
11-32