The world of finance has been revolutionized in the last 20 years by factors such as the liberalization and subsequent integration of global financial markets and the advances in computing and communications technology. The important changes here have led to a stream of financial innovations and theoretical breakthroughs in the area of pricing diverse financial instruments. More than ever before, we witness a process where international securities are traded in a global marketplace. This comprehensive collection encompasses the most recent contribution in the area of international securities. It includes the most important articles on current issues and future developments in this key area of international finance. It should be a useful source of reference to researchers, students and practitioners alike.