Rigorous introduction to why/how governments, corporations and financial institutions raise funds in financial markets—debt and equity, domestically and internationally. Themes include how financial markets differ from other markets from a public policy and regulatory perspective; innovations in capital-raising techniques; and the changing pattern of risk in financial markets resulting from globalization. Addresses key factors that distinguish financial markets and institutions in OECD nations from those in developing countries. No prerequisites, but International Monetary Theory or Accelerated International Monetary Theory is highly recommended. Limited to 50 students.