VSFS:N_IFS_1 International Financial Ser. 1 - Course Information
N_IFS_1 International Financial Services 1
University of Finance and AdministrationWinter 2012
- Extent and Intensity
- 0/2. 3 credit(s). Type of Completion: z (credit).
- Teacher(s)
- doc. Ing. Vladislav Pavlát, CSc. (seminar tutor)
Ing. Ivana Šímová (seminar tutor) - Guaranteed by
- doc. Ing. Vladislav Pavlát, CSc.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná - Timetable of Seminar Groups
- N_IFS_1/cFPH: Wed 15:45–16:29 S34, Wed 16:30–17:15 S34, I. Šímová
N_IFS_1/vFPH: Sat 6. 10. 9:45–11:15 S24, 11:30–13:00 S24, Fri 19. 10. 15:30–17:00 S24, V. Pavlát
N_IFS_1/vPPH: Fri 19. 10. 13:45–15:15 S13, Sat 3. 11. 9:45–11:15 S13, 11:30–13:00 S13, V. Pavlát - Course Enrolment Limitations
- The course is offered to students of any study field.
- Course objectives
- At the end of the course students should be able to: understand and explain the main problems of international financial markets and international financial services; work with information on the relationship between financial and real economy and the feedback between both areas ; create own statistical tables on the financial markets development; make reasoned decisions about monetary course; make deductions based on acquired knowledge of international financial markets;interpret and comment on topical documents on international financial services.
- Syllabus
- 1. Foreign exchange markets (OTC market, trading channels, main segments, spot and derivatives)
- 2. Exchange rate quotation, speculation, arbitrage, hedging, cross rates (main types of quotation, motivation)
- 3. Money market spot instruments and interest rate quotation (interbank market loans, treasury securities)
- 4. Outright forwards and money market hedge (definition, forward rate, synthetic forward)
- 5. Forward rates agreements (definition, FRA rate, yield curve slope, interest rate risk)
- 6. Foreign exchange swaps (definition, swap points, liquidity management, short dates)
- 7. Yield curve and theory of interest rates structure (expectation theory, time premium, forward rate)
- 8. Central bank and monetary policy instruments (main policy rate, open market operations, standing facilities)
- 9. Fundamental analysis of exchange rate (purchasing power parity, uncovered interest rate parity, BOP)
- 10. International monetary system and currency regimes (fixed vs. floating regimes, euro adoption)
- 11. Euromoney markets (main segments, main instruments, LIBOR)
- 12. Summing up the semester
- Literature
- required literature
- Eiteman, D. K., Stonehill, A. I., Moffett, M. H.: Multinational Business Finance, Prentice Hall, 2010.
- recommended literature
- Witzany, J.: International Financial Markets. Praha: Oeconomica, 2010.
- Fialová, H., Fiala, J.: The Concise Dictionary of Economic Terms. Praha: A plus, 2008.
- Teaching methods
- lectures and seminars; homework ((students have to write a seminar working paper);reading of the prescribed and recommended literature
- Assessment methods
- Final test in written form;attendance. Written test is composed of approximately 30 to 40 questions, both open and closed questions can appear. It will take about an hour and a half (90 minutes. Questions are based on the course materials and topics covered by lectures, both theoretical and practical knowledge will be integral part of the final test. Minimum of 60% correct answers is required to pass the test.
- Language of instruction
- English
- Follow-Up Courses
- Further comments (probably available only in Czech)
- The course can also be completed outside the examination period.
General note: Bb0.
Information on the extent and intensity of the course: 6 hodin KS/semestr.
- Enrolment Statistics (Winter 2012, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/winter2012/N_IFS_1