Studijní opory
lms.vsb.cz, 114-0322/06 Mezinárodní finance
International Finance
| Type of study | Follow-up Master |
|---|---|
| Language of instruction | Czech |
| Code | 114-0322/06 |
| Abbreviation | MF |
| Course title | International Finance |
| Credits | 4 |
| Coordinating department | Department of Economics |
| Course coordinator | doc. Ing. Aleš Melecký, Ph.D. |
Subject syllabus
1. Introduction to foreign exchange markets.
- Exchange rates and quotation.
- Function and structure of forex markets.
- Interbank forex market.
- spot and forward transactions
2. Forward and swaps.
- Evolution of forward transactions.
- Forwards.
- Swaps.
- Comparison with other currency derivates (fututres, options).
3. Foreign exchange risk and exposure.
- Characteristics of FX risk and exposure.
- Transaction exposure.
- Translation exposure.
4. Globalisation of financial markets and international banking.
- Development of financial markets.
- New forms of international financing.
- Recent trends in development of international financial system.
5. Eurocurrency markets and eurocredits.
- Development of Eurocurrency instruments.
- Forms of eurocredits.
- Euronotes markets.
6. Eurobonds.
- Eurobond market.
- Types of eurobonds.
- Subjects of Eurobond markets.
7. Organisation of Eurobond issues.
- Procedures of an Eurobond issue.
- Costs of Eurobond issues .
- Global bonds.
8. International share markets.
- Share issues at foreign markets.
- Foreign share markets.
- Global shares.
9. International portfolio investments.
- International investments and risk diversification.
- Foreign investments and CAPM.
- Selection of international portfolio.
10. Foreign direct investments.
- International capital budgeting.
- Country risk analysis .
- International taxation.
11. Models of exchange rate determination.
- Assets market model.
- Determination in long run.
- Modern theories of exchange rate determination.
12. Exchange rates management.
- Exchange rate regimes.
- Theoretical approaches to exchange rates managing.
- Currency interventions and their effectiveness.
13. Financial crises.
- Characteristics of financial crises.
- Analysis of financial crises.
- Forecasting models.
14. Balance of payments.
- Balance of payments‘categories.
- Adjusting of the balance of payments.
- Sustainability of current account deficits.
- Exchange rates and quotation.
- Function and structure of forex markets.
- Interbank forex market.
- spot and forward transactions
2. Forward and swaps.
- Evolution of forward transactions.
- Forwards.
- Swaps.
- Comparison with other currency derivates (fututres, options).
3. Foreign exchange risk and exposure.
- Characteristics of FX risk and exposure.
- Transaction exposure.
- Translation exposure.
4. Globalisation of financial markets and international banking.
- Development of financial markets.
- New forms of international financing.
- Recent trends in development of international financial system.
5. Eurocurrency markets and eurocredits.
- Development of Eurocurrency instruments.
- Forms of eurocredits.
- Euronotes markets.
6. Eurobonds.
- Eurobond market.
- Types of eurobonds.
- Subjects of Eurobond markets.
7. Organisation of Eurobond issues.
- Procedures of an Eurobond issue.
- Costs of Eurobond issues .
- Global bonds.
8. International share markets.
- Share issues at foreign markets.
- Foreign share markets.
- Global shares.
9. International portfolio investments.
- International investments and risk diversification.
- Foreign investments and CAPM.
- Selection of international portfolio.
10. Foreign direct investments.
- International capital budgeting.
- Country risk analysis .
- International taxation.
11. Models of exchange rate determination.
- Assets market model.
- Determination in long run.
- Modern theories of exchange rate determination.
12. Exchange rates management.
- Exchange rate regimes.
- Theoretical approaches to exchange rates managing.
- Currency interventions and their effectiveness.
13. Financial crises.
- Characteristics of financial crises.
- Analysis of financial crises.
- Forecasting models.
14. Balance of payments.
- Balance of payments‘categories.
- Adjusting of the balance of payments.
- Sustainability of current account deficits.
E-learning
Literature
DURČÁKOVÁ, Jaroslava a MANDEL, Martin. Mezinárodní finance a devizový trh. 2.vydání. Praha: EKOPRESS, 2020. 452 s. ISBN 978-80-87865-65-1.
KRUGMAN, Paul R., Maurice OBSTFELD a Marc MELITZ. International Economics: Theory and Policy. 12th ed. Harlow: Pearson, 2023. 824 s. ISBN 978-1292409719 .
STROUKAL, Dominik. Ekonomické bubliny. 2. vyd. Praha: Grada, 2021. 272 s. ISBN 978-80-271-3172-3.
KRUGMAN, Paul R., Maurice OBSTFELD a Marc MELITZ. International Economics: Theory and Policy. 12th ed. Harlow: Pearson, 2023. 824 s. ISBN 978-1292409719 .
STROUKAL, Dominik. Ekonomické bubliny. 2. vyd. Praha: Grada, 2021. 272 s. ISBN 978-80-271-3172-3.
Advised literature
JÍLEK, Josef. Finance v globální ekonomice II: Měnová a kurzová politika. Praha: Grada, 2013. 560 s. ISBN 978-80-247-4516-9.
MADURA, Jeff. International Financial Management. 14th ed. Boston: Cengage Learning, 2020. 736 s. ISBN 978-0357130544 .
REINERT, Kenneth A. An Introduction to International Economics: New Perspectives on the World Economy. 2nd ed. Cambridge:Cambridge University Press, 2020. 276 s. ISBN 9781108470056 .
MADURA, Jeff. International Financial Management. 14th ed. Boston: Cengage Learning, 2020. 736 s. ISBN 978-0357130544 .
REINERT, Kenneth A. An Introduction to International Economics: New Perspectives on the World Economy. 2nd ed. Cambridge:Cambridge University Press, 2020. 276 s. ISBN 9781108470056 .