The stock market crash of 1987 had a tumultuous effect on the world
of finance. The reverberations of this collapse are still being
felt and a number of issues and problems caused by the crash are
still unresolved. "New Directions in Finance" discusses these
issues and looks to future developments in international finance.
The book contains sections which look at capital structure; the
cost of capital and agency issues; mergers and takeovers, and
options, futures and forward trading, including a contribution by
Nobel laureate Merton Miller. "New Directions in Finance" presents
a state-of-the-art guide to international finance.
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