B_MFT International Financial Markets

University of Finance and Administration
Summer 2015
Extent and Intensity
1/1. 3 credit(s). Type of Completion: z (credit).
Teacher(s)
Ing. Arnošt Klesla, Ph.D. (lecturer)
Guaranteed by
Ing. Arnošt Klesla, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná
Timetable of Seminar Groups
B_MFT/cBPH: each even Tuesday 12:15–12:59 E124, each even Tuesday 13:00–13:45 E124, A. Klesla
B_MFT/pBPH: each odd Tuesday 12:15–12:59 E124, each odd Tuesday 13:00–13:45 E124, A. Klesla
B_MFT/vBPH: Fri 6. 2. 12:00–13:30 E128, 13:45–15:15 E128, Fri 6. 3. 12:00–13:30 E128, A. Klesla
Prerequisites
Requires no assumptions
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.
Syllabus
  • Outline (for full-time study) First Lecture: General introduction. Model of a financial market. Defining subjects of international financial markets. Recapitulation of basic microeconomics theory on working of the market mechanism. Distinction of national and international markets. Forms of international financial markets. The main financial instruments used on international financial markets. Second Lecture: Foreign exchange market. The structure of the foreign exchange market. Market makers and the clients on the foreign exchange markets. Mechanism of foreign exchange markets. Spot and forward contracts on the foreign exchange market. Methods of quotation. Third Lecture: Cross exchange rate. Monetary systems. Exchange rate regimes (fixed rate vs.. floating exchange rate regimes). The process of adopting the euro. Balance of payments. The structure of the balance of payments. Partial balance and cumulative balance of payments. 4th Lecture: International money markets. Characteristics and structure of the international money market. International money market instruments. Players in the market of international money market instruments. Euromoney markets. Euro. Reference interest rate. 5th Lecture: International debt securities´ markets. Segments of debt securities markets. Instruments traded on the international bond markets. Eurobonds. Innovation on the debt securities markets. 6th Lecture: International financial derivatives market, its structure,function and significance. Types of financial derivatives (forwards, swaps, options and futures). Exchange and OTC futures´markets.
Literature
    required literature
  • Durčáková, J., Mandel, M.: Mezinárodní finance. Praha: Management Press, 2010.
  • • Revenda, Z. a kol.: Peněžní ekonomie a bankovnictví. Praha: Management Press, 2005
    recommended literature
  • Pavlát, V. a kol.: Kapitálové trhy. Praha: Professional Publishing, 2005.
  • Němeček, E.: Mezinárodní měnový systém. Praha: Karolinum, 2000.
  • Pavlát, V., Kubíček, A.: Regulace a dozor nad finančními trhy. Praha: VŠFS - Eupress, 2010.
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 successful completion of the interim and 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 2016, Summer 2017, Summer 2018, Summer 2019, Summer 2020, Summer 2021, Summer 2022, Summer 2023.
  • Enrolment Statistics (Summer 2015, recent)
  • Permalink: https://is.vsfs.cz/course/vsfs/summer2015/B_MFT