Objectives
To identify factors that have led to the prominence of international finance
To explain the role of the financial manager
To verify the internationalisation of finance
To identify the developments leading to the formation of the present financial environment
To examine the causes and consequences of the global financial crisis

Introduction
why we study IF?
International finance as studied here deals with the financial operations of business firms in an environment of open and integrated financial markets.
The background
The world of finance has changed as a result of the global financial crisis.
The importance of international finance 
International finance has assumed increasing importance at an accelerating rate.
US was using Bretton Woods system before 1971.