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Chapter 18. Sources of Financing and International Money Market. Chapter Outline. Nonfinancial Institutions - Self Financing and Debt Financing - Equity Financing Financial Institutions Government Agencies. Chapter Outline. International Financial Institutions/Development Banks
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Chapter 18 Sources of Financing and International Money Market
Chapter Outline • Nonfinancial Institutions - Self Financing and Debt Financing - Equity Financing • Financial Institutions • Government Agencies
Chapter Outline • International Financial Institutions/Development Banks - World Bank - International Development Association (IDA) - International Finance Corporation (IFC) • Multilateral Investment Guarantee Agency (MIGA) • International Centre for Settlement of Investment Disputes (ICSID)
Chapter Outline • International Monetary Fund (IMF) - SDR - Functions • Financial Centers - Euromarket - Asian Dollar Market
Self Financing • own capital • withholding of dividends • trade credit • joint venture partners • borrowing from affiliated firms and employee retirement fund • issuing stocks • issuing commercial paper or bonds • venture capital
Equity Financing • Selling Stock
Financial Institutions • Factoring Houses • Forfaiting • Banks
Government Agencies • Concessionary Financing • Mixed/Blended Credit
International Financial Institutions/ Development Banks • World Bank (IBRD) • International Development Association (IDA) • International Finance Corporation (IFC) • Multilateral Investment Guarantee Agency (MIGA) • International Centre for Settlement of Investment Disputes (ICSID)
International Monetary Fund (IMF) • Special Drawing Right (SDR) • Functions - Regulatory Function - Consultative Function - Financial Function
Financial Centers • Booking Center vs. Funding Center • Euromarket • Asian Dollar Market