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040133 UK International Financial Management 1 (2017S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Tuesday 07.03. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 14.03. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 21.03. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 28.03. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 04.04. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 25.04. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 02.05. 09:45 - 13:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

This course is divided in two main parts: The first part aims to introduce the students to the institutional environment of the Foreign Exchange Markets and currency forwards and options contracts. This part will further discuss the FDI and international capital structure and cost of capital.

The second part will concentrate on the management of financial exposure and swap contacts.

It is highly recommendable to attend both parts, and the attendance to the first part is a pre-requisite for the second part.
Topics
This is a tentative schedule given according to topics and corresponding textbooks' chapters. I will determine the pace of class based on the overall student feedback and participation.

Introduction
- Introduction to global capital markets.
- Globalization: some stylized facts and historical perspective.
- International monetary system

- Balance of payment accounting

- Foreign exchange markets

- Managing exchange rate risk. Hedging with:
- Exchange rate forwards
- Exchange rate futures
- Currency options
- Exchange rate swaps

- International capital structure and the cost of capital
- Currency crisis: Financial Banking and Sovereign

Assessment and permitted materials

This is a closed book exam. Students not allowed to use textbooks or notes or anything else besides a pocket calculator.

Minimum requirements and assessment criteria

By the nature of this course, personal attendance is required. The grade will consist of four parts:
Final Exam (45%)
Midterm Exam (30%)
Term Paper (15%)
Class Participation (10%)

Examination topics

Reading list

Required Readings:

All relevant material, i.e. slides and exercises, is going to be available on the moodle platform of this course.

Main textbooks:
- Eun, Resnick, and Sabherwal, "International Finance" (global edition), Mc Graw Hill, 6th edition (selected chapters).
- Madura and Fox, "International Financial Management", South-Western Cengage learning, 2nd edition (selected chapters).
Bakaert and Hodrick, "International Financial Management", Pearson Prentice Hall, second edition.

Recommended Readings:
Wallstreet Journal
Economist

Association in the course directory

Last modified: Mo 07.09.2020 15:28