VSFS:N_IFS_2 Intern. Financial Services - Course Information
N_IFS_2 International Financial Services 2
University of Finance and Administrationsummer 2012
- Extent and Intensity
- 0/2. 3 credit(s). Type of Completion: z (credit).
- Teacher(s)
- doc. Ing. Karel Brůna, Ph.D. (lecturer)
- Guaranteed by
- doc. Ing. Karel Brůna, Ph.D.
Department of Finance – Departments – University of Finance and Administration
Contact Person: Lenka Pokorná - Timetable of Seminar Groups
- N_IFS_2/cFPH: Wed 8:00–8:44 S13, Wed 8:45–9:29 S13, K. Brůna
N_IFS_2/vFPH: Fri 10. 2. 17:15–18:45 S24, Fri 24. 2. 17:15–18:45 S24, Fri 9. 3. 17:15–18:45 S24, K. Brůna
N_IFS_2/vPPH: Fri 23. 3. 17:15–18:45 S13, Sat 14. 4. 9:45–11:15 S13, 11:30–13:00 S13, K. Brůna - Course Enrolment Limitations
- The course is offered to students of any study field.
- Course objectives
- Main target of the course is to help the students to understand functions of current global FX and money markets, to explain mechanism of exchange rate and interest rate determination and to introduce way of spot and term instruments pricing and using. Except this the purpose of the course is also to strengthen a knowledge of English language in both a vocabulary and an ability of its practical use in explanation of specific problem.
- Syllabus
- 1. Exchange traded derivatives (futures and options, margin accounts, hedging with futures, basis risk) 2. Synthetic option strategies (profit and loss functions, speculative and hedging positions, range forward) 3. Financial structure and international debt (equity and debt capital, cost of capital, capital structure) 4. Bond valuation, yield to maturity (present value, fixed/floating coupons, internal rate of return) 5. Eurocapital markets (dual currency bonds, equity related bonds, option bonds, global bonds) 6. Interest rate swaps (definition, market, swap rate, hedging strategies) 7. Currency swaps (definition, market, basis swap, hedging strategies) 8. International diversification (theory of portfolio, correlation, systematic vs. individual risk, diversification) 9. Predictions of prices by technical analysis (moving averages, Bollinger bands, momentum) 10. Risk management (transaction and economic exposure, internal and external techniques, quantification) 11. Analysis of balance of payments and international investment position (structure, interpretation) 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, seminars
- Assessment methods
- final test in written form, attendance
- Language of instruction
- English
- Further comments (probably available only in Czech)
- The course can also be completed outside the examination period.
The course is taught annually.
Information on the extent and intensity of the course: 6 hodin KS/semestr.
- Enrolment Statistics (summer 2012, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/summer2012/N_IFS_2