B_MFT International Financial Markets

University of Finance and Administration
Summer 2023
Extent and Intensity
1/1/0. 3 credit(s). Type of Completion: z (credit).
Guaranteed by
JUDr. Dominik Králik, LL.M., Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Ivana Plačková
Prerequisites
There are no prerequisites for this course.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
At the end of this course the student will be able to understand and explain the forms of international financial markets, operators acting on the international financial markets, the role of international financial intermediaries, the main financial instruments used in international financial markets. Furthermore, the basic mechanism of functioning of international financial markets, financial instruments valuation principles and bases of international regulation of financial markets.
Learning outcomes
At the end of this course the student will be able to understand and explain the forms of international financial markets, operators acting on the international financial markets, the role of international financial intermediaries, the main financial instruments used in international financial markets.
Syllabus
  • 1. General introduction. Model financial market. Defining subjects of international financial markets. Resolution of national and international markets. Forms of international financial markets. The main financial instruments used in international financial markets. 2nd FX market. The structure of the foreign exchange market. Market maker and a client in the forex market. The mechanism of functioning of the foreign exchange markets. Spot and futures contracts on the foreign exchange market. Methods dimensioning.  3. Currency systems. Exchange rate regimes (fixed rate versus floating exchange rate regimes). Cross rate, the euro. Payment balance. The structure of the balance of payments. Partial and cumulative balance of payment. 4. The international money markets. Characteristics and structure of the international money market. Instruments of the international money market. Market operators in the various instruments of international money market. Europeněžní markets. Euromena. Reference interest rates. 5. International markets debt securities. Segments of the debt markets. Instruments traded on international bond markets. Eurobonds. Innovation in the debt securities markets. 6. International markets for financial derivatives. The structure of the international markets of financial derivatives, their function and significance. Of derivative financial instruments (forwards, swaps, options and futures). Exchange and OTC market futures.
Literature
    required literature
  • PAVLÁT, Vladislav. Globální finanční trhy. 1. vyd. Praha: Vysoká škola finanční a správní, 2013, 214 s. ISBN 978-80-7408-076-0.
  • MANDEL, Martin a Jaroslava ĎURČÁKOVÁ. Mezinárodní finance a devízový trh. 2. Vydání. Praha: Ekopress, 2020. ISBN: 978-80-87865-1.
    recommended literature
  • MCINISH, Thomas H. Capital markets: a global perspective. Malden, Mass.: Blackwell Business, 2000. ISBN 978-0-631-21159-4.
  • VEIL, Rüdiger. European capital markets law. Third edition. New York, NY: Hart Publishing, an imprint of Bloomsbury Publishing, 2022. ISBN 9781509942114.
  • PAVLÁT, Vladislav a Antonín KUBÍČEK. Regulace a dohled nad finančními trhy. 2., přeprac. vyd. Praha: Vysoká škola finanční a správní, c2010. Eupress. ISBN 978-80-7408-036-4.
  • POLOUČEK, Stanislav a Jaroslava DURČÁKOVÁ. Peníze, banky, finanční trhy: zdroj financování. V Praze: C.H. Beck, 2009. Beckovy ekonomické učebnice. ISBN 978-807-4001-529.
Teaching methods
Teaching takes the form of lectures,seminars and workshops in full-time study and / controlled group consultations in the combined form of study. Minimum mandatory attendance at seminars / workshops in full-time studies is 75%, the controlled group consultations in combined form 50%. Students who fail to meet the mandatory level of participation may be given during the semester additional study obligations (to the extent that should demonstrate academic achievement and acquired competencies necessary for successful completion of course).
Assessment methods
Course completion: credit Requirements: 1. prescribed presence. Second submission and presentation of the essay 3. Successful completion of the final written test.
Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 6 hodin KS/semestr.
The course is also listed under the following terms Summer 2008, Summer 2009, Summer 2010, Summer 2011, Winter 2011, summer 2012, Winter 2012, Summer 2013, Summer 2014, Summer 2015, Summer 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022.
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