This course contains three parts: I) important issues for corporate sectors and financial markets around the globe, including ownership structure, corporate governance, financing decisions, risk management, capital flows and financial crises; II) financial system and corporate sectors in a few specific emerging markets; and III) a few cases related to topics covered in the course and a term (case) project.

We ask the following types of questions: How to explain the distinctively different ownership structures and corporate governance mechanisms observed around the globe? How do firms in developed and developing economies raise funds to finance their investment projects? How to hedge currency risk? How to evaluate investment projects and companies in different parts of the world and how to incorporate country risk into the evaluation? What is the role of global imbalance in savings/leverage and capital flows in the 2007-2009 financial crisis? Over the next few decades will China overtake the U.S. and become the leading ‘economic superpower,’ and can India catch up with China? (Prerequisite –MF704 or higher)