1. Introduction to foreign exchange markets.
- Exchange rates and quotation.
- Function and structure of forex markets.
- Interbank forex market.
2. Arbitrage and spot transactions.
- Arbitrage and speculation.
- Types of transactions on forex markets.
- Spot transactions.
3. Forward transactions and hedging currency risk.
- Covered interest rate arbitrage.
- Quotation of forward transactions.
- Hedging in forward contracts.
4. Exchange rates.
- Types of exchange rates.
- Simple model of exchange rate determination.
- Equilibrium and stability in a forex market.
5. Currency futures.
- Characteristics of futures contracts.
- Factors influencing futures‘ markets.
- Hedging with futures.
6. Currency options.
- Characteristics of currency options.
- Value of an option.
- Hedging with currency options.
7. Currency swaps.
- Characteristics of currency swaps.
- Quotation of currency swaps.
- Types and process of currency swaps.
8. Exchange rate determination in short range - asset market model.
- Demand for a foreign asset.
- Difference between interest rates.
- Fisher‘s effect.
- Uncovered and covered interest rate parity.
9. Exchange rate determination in long range.
- Theory of purchasing power parity.
- Parity conditions‘ model.
10. Exchange rates management.
- Exchange rate regimes.
- Theoretical approaches to exchange rates managing.
- Currency interventions and their effectiveness.
11. Exchange rate policy in transition economies.
- Approaches in an exchange rate management.
- Tools of exchange rate policy.
- Exchange rate policy in Czech republic.
12. Currency crises.
- Reasons of currency crises.
- Forecasting models.
- Approaches to currency crises‘ solutions.
13. Balance of payments.
- Balance of payments‘ categories.
- Balance of payments in theoretical models.
- Adjusting of balance of payments.
- Exchange rates and quotation.
- Function and structure of forex markets.
- Interbank forex market.
2. Arbitrage and spot transactions.
- Arbitrage and speculation.
- Types of transactions on forex markets.
- Spot transactions.
3. Forward transactions and hedging currency risk.
- Covered interest rate arbitrage.
- Quotation of forward transactions.
- Hedging in forward contracts.
4. Exchange rates.
- Types of exchange rates.
- Simple model of exchange rate determination.
- Equilibrium and stability in a forex market.
5. Currency futures.
- Characteristics of futures contracts.
- Factors influencing futures‘ markets.
- Hedging with futures.
6. Currency options.
- Characteristics of currency options.
- Value of an option.
- Hedging with currency options.
7. Currency swaps.
- Characteristics of currency swaps.
- Quotation of currency swaps.
- Types and process of currency swaps.
8. Exchange rate determination in short range - asset market model.
- Demand for a foreign asset.
- Difference between interest rates.
- Fisher‘s effect.
- Uncovered and covered interest rate parity.
9. Exchange rate determination in long range.
- Theory of purchasing power parity.
- Parity conditions‘ model.
10. Exchange rates management.
- Exchange rate regimes.
- Theoretical approaches to exchange rates managing.
- Currency interventions and their effectiveness.
11. Exchange rate policy in transition economies.
- Approaches in an exchange rate management.
- Tools of exchange rate policy.
- Exchange rate policy in Czech republic.
12. Currency crises.
- Reasons of currency crises.
- Forecasting models.
- Approaches to currency crises‘ solutions.
13. Balance of payments.
- Balance of payments‘ categories.
- Balance of payments in theoretical models.
- Adjusting of balance of payments.