d163566 International Finance

Vysoká škola CEVRO
jaro 2024
Rozsah
24/24/0. 7 kr. Ukončení: zk.
Vyučující
Mgr. Jan Neugebauer, Ph.D., MBA (přednášející)
Ing. Marek Vokoun, Ph.D. (přednášející)
Garance
Ing. Marek Vokoun, Ph.D.
Katedra ekonomie – Katedry – Rektor – Vysoká škola CEVRO
Rozvrh
Po 15:30–16:50 Učebna 106, Po 17:00–18:20 Učebna 106
  • Rozvrh seminárních/paralelních skupin:
d163566/cviceni: Rozvrh nebyl do ISu vložen.
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
Students will gain a comprehensive understanding of the principles governing monetary and macroeconomic interactions among nations. Develop proficiency in analyzing the structure and functioning of international finance through both macroeconomic and financial lenses. They will explore a range of issues pertinent to the global financial landscape, including the application of conventional financial theories in a complex international context (e.g., effects of exchange rates, international CAPM, and betas). Recognize how institutional constraints can pose challenges or present opportunities for multinational corporations, such as accessing new markets and navigating regulatory environments. They will evaluate managerial objectives and their impact on traditional financial goals within multinational firms, considering how they may alter financial strategies and leverage institutional opportunities.
Výstupy z učení
This subject aims to equip students with the necessary knowledge and skills to navigate the global financial landscape. It emphasizes their ability to critically analyze international financial markets, exchange rates, international investment, and risk management. Upon successful completion of this course students will understand the principles of the monetary and macroeconomic relations between countries. Students will deal with structure and operation of international finance from both a macroeconomic and financial perspective. The emphasis will be on understanding a variety of issues, such as the application of traditional finance considerations to a more complex global setting (e.g., exchange rate effects, international CAPM and betas), how institutional constraints can create obstacles and opportunities for multinational firms (e.g., new prospects in different markets), and managerial objectives that can limit the relevance of traditional financial objectives or institutional opportunities.
Osnova
  • Week 1: Introduction to International Finance - Overview of international finance and its significance - Key concepts: foreign exchange, exchange rates, balance of payments
  • Week 2: Exchange Rates and Foreign Exchange Markets - Determinants of exchange rates - Understanding the foreign exchange market and its participants - Exchange rate regimes
  • Week 3: International Monetary System - Evolution of the international monetary system - Role of international financial institutions (IMF, World Bank)
  • Week 4: International Parity Conditions - Purchasing Power Parity (PPP) - Interest Rate Parity (IRP) - Covered and Uncovered Interest Rate Parity
  • Week 5: International Capital Budgeting - Evaluating foreign investment opportunities - Methods for assessing and comparing projects in different countries
  • Week 6: International Portfolio Investment - Portfolio diversification and risk management in a global context - Factors influencing international portfolio investment decisions
  • Week 7: Exchange Rate Risk Management - Techniques for managing exchange rate risk - Hedging strategies: forwards, futures, options
  • Week 8: International Trade and Finance - Relationship between international trade and finance - Trade imbalances and their impact on exchange rates
  • Week 9: International Financial Markets - Global bond and equity markets - International banking and the role of multinational corporations
  • Week 10: International Capital Markets - Eurocurrency market and offshore financial centers - International bond and equity markets
  • Week 11: Financial Crises and Their Implications - Causes and consequences of financial crises - Response and policy measures during financial crises
  • Week 12: International Financial Management - Multinational corporations and their financial management - Ethical considerations in international finance
Literatura
    povinná literatura
  • GIGANTE, Gimede. Principles of International Finance. Milano: Bocconi University Press, 2022. ISBN 978-88-313-2247-8.
  • PILBEAM, Keith. International Finance. 5th edition. London: Bloomsbury Academic, 2023. ISBN 978-1-3503-4710-6
    doporučená literatura
  • MISHKIN, Frederic. The Economics of Money, Banking and Financial Markets, Global Edition. 13th edition. Harlow, England London New York Boston San Francisco Toronto Sydney Dubai Singapore Hong Kong Tokyo Seoul Taipei New Delhi Cape Town Sao Paulo Mexico
  • CECCHETTI, Stephen a Kermit SCHOENHOLTZ. Money, Banking and Financial Markets. 6th edition. New York, NY: McGraw Hill, 2020. ISBN 978-1-260-22678-2
  • LESSAMBO, Felix I. International Finance: New Players and Global Markets. 1st ed. 2021 edition. Cham, Switzerland: Palgrave Macmillan, 2022. ISBN 978-3-030-69234-6.
Výukové metody
Lectures, seminar, case study, homework
Metody hodnocení
Seminar paper (Essay or case) and its presentation (25%), mid-term test (25%), final test (50%)
Vyučovací jazyk
Angličtina
Další komentáře
Studijní materiály
Předmět je zařazen také v obdobích léto 2020, jaro 2021, jaro 2022, jaro 2023.
  • Statistika zápisu (nejnovější)
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