Master's degree in International Economics and Business Management

Course partially running (all years except the first)

International Financial Markets

Course code
4S003750
Name of lecturer
Giuseppina Chesini
Coordinator
Giuseppina Chesini
Number of ECTS credits allocated
6
Academic sector
SECS-P/11 - FINANCIAL MARKETS AND INSTITUTIONS
Language of instruction
English
Period
secondo semestre lauree magistrali dal Feb 25, 2019 al May 31, 2019.

Lesson timetable

Go to lesson schedule

Learning outcomes

In this Course the students will learn the fundamentals of international finance. This topic has evolved considerably in recent years due to the deregulation of financial markets, product innovations and advances in technology. Considering also that capital markets are becoming increasingly integrated, a sound understanding of international finance has become essential for making the best financial decisions. The Course provides an accurate preliminary analysis of the differences between international finance and domestic finance. After that, the analysis of the organization of the markets for the exchange of currencies, with particular attention to the futures and options listed on the stock exchanges, is scheduled. The ultimate goal is to build a solid understanding of foreign exchange markets and derivative instruments with underlying currencies. Finally, the analysis of international financial institutions and the activities in international markets will provide students with the necessary tools to make correct financial decisions in a constantly evolving international context. At the end of the Course students will be able to discuss the recent developments in the international financial markets; the differences between international finance and domestic finance; the role of the foreign exchange market. Moreover, students will be able to optimize the financial decisions of companies operating internationally.

Syllabus

Part one:
- Globalization and the Multinational Firm
- Corporate Governance around the world
Part two:
- The market for Foreign Exchange
- Futures and Options on Foreign Exchange
Part three
- Management of Transaction Exposure
- Management of Economic Exposure
Part four
- International Banking and Money Market
- International Bond Market
- International Equity Markets
- Interest rate and currency swaps
- International Portfolio Investment

Reference books
Author Title Publisher Year ISBN Note
Cheol Eun, Bruce Resnick International Financial Management McGraw -Hill 2018 978-1-259-92219-0

Assessment methods and criteria

This course will be assessed with a written examination which will include open questions on the theory and some exercises. This exam will test for: (a) the accurate and thorough understanding of the concepts, methods, and models in the course, (b) ability to use these theoretical tools to answer financial practical questions.
Students can also prepare an optional project work (alone or in small groups) concerning the main topics of the Course, and submit it before the end of the Course; in this way they might obtain up to two additional marks in the final examination, based on the assessment of this project work.



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