INTERNATIONAL FINANCE (3) (ILS270)

Professor Sydney M. Cone III

Provides instruction in cross-border financial transactions and in the financial markets of the United States, the European Union, and Japan. A principal focus is the offer and sale of securities by foreign issuers in the United States, and by U.S. issuers outside of the United States. Covers banking activities by foreign banks in the United States and by U.S. banks abroad. Among the issues and topics dealt with are transfers of funds and securities, the European Monetary System, Eurobonds, global bonds, bank solvency, currency crises, the collapse of Barings, asset securitization, and the privatization of state-owned companies. Particular attention is given to cross-border initiatives by the U.S. Securities and Exchange Commission and to U.S. regulators responsible for international banking.