International finance involves managing foreign exchange risks, currency flows, tax laws, and debt-equity ratios. Several countries have bond markets that allow international borrowing. Developing countries pay higher interest rates on bonds. International stock exchanges provide access to global capital markets. Foreign bonds are sold outside a company's home country and may be denominated in other currencies. Financial centers offer loans and deposits in foreign currencies at competitive rates. Internal financing generates funds, while currency fluctuations and inflation pose financial risks that must be managed. Accounting systems must comply with standards in both home and host countries.