Gimede Gigante Livres

By addressing the financial markets from a new perspective, this book sets out to take the reader on a journey, explaining the role of financial markets as places where exchanges take place to meet the needs of people, businesses and institutions. The volume is structured in four parts. The first part introduces the functions, structure, and components of the financial system. In the second part, the authors describe the functioning of the markets in terms of risk and return, providing a more in-depth description of the role of intermediaries. In the third part, capital markets are illustrated in various forms, presenting the debt market and the stock market from the accounting to the market/investment point of view. Finally, the last part presents other financial instruments as part of the whole system. This book provides students approaching the financial markets for the first time with a valuable tool that balances clarity and simplicity without losing sight of the real economy.

“In such a dynamic and complex context, this book provides a valuable analytical contribution to understand the structure and functioning of world finance.” MATTEO ARPE Founder, Chairman and CEO of SatorToday’s economic environment has reached interconnectedness levels never imagined before. People are living in a highly globalized world, where consumption, the production of goods, and the provision of services have become highly integrated. A similar trend can be found in financial markets too, where portfolios are internationally diversified and financial securities are now more cross-listed than ever on foreign exchanges. Understanding how to move and act effectively in such a complex environment is imperative for today’s managers given the vibrant, global, and fast-changing context in which they operate. From here, the inspiration for a book exploring the complexities of multinational financial management, which range from dealing with foreign currency exposures to determining the capital structure of subsidiaries, valuing investments in risky countries, and considering the managerial and environmental issues that make multinational financial decision-making so challenging.

A new book on the relationship between banks and corporates is a challenge that must be we need to revert the narrative on banks and provide a proper perspective on what they can do for the economy overall. Corporate and Investment Banking is in fact the banking activity that most affects the growth of companies and their ability to be more robust and competitive. In the financial world, the key variable for development is technology, enabling the use of information to the benefit of customers. For the corporate market, the tailor-made design of products involves a more complex choice, which entails the replacement of credit services open to the whole range of financial from debt capital markets, equity capital markets, private equity and restructuring to M&A deals. In this sense, the role of banks is crucial because only banks have knowledge and authority to push and guide managers and entrepreneurs to choices that are not easy, such as to open up their capital and use the markets for funding, acting as an advisor, an investor, or a financial sponsor. All these decisions are decisive for their that is the good service that banks can offer.