N_IFS_1 International Financial Services 1

Vysoká škola finanční a správní
zima 2011
Rozsah
0/2. 6hodin KS/ semestr. 3 kr. Ukončení: z.
Vyučující
doc. Ing. Karel Brůna, Ph.D. (cvičící)
Garance
doc. Ing. Karel Brůna, Ph.D.
Katedra financí (FES, KF) – Katedry – Vysoká škola finanční a správní
Kontaktní osoba: Lenka Pokorná
Rozvrh seminárních/paralelních skupin
N_IFS_1/cFPH: Út 14:00–14:44 S34, Út 14:45–15:30 S34, K. Brůna
N_IFS_1/vFPH: Pá 11. 11. 15:30–17:00 S24, 17:15–18:45 S24, Pá 25. 11. 12:00–13:30 S24, K. Brůna
N_IFS_1/vPPH: Pá 7. 10. 12:00–13:30 S13, 13:45–15:15 S13, Pá 21. 10. 15:30–17:00 S13, K. Brůna
Omezení zápisu do předmětu
Předmět je otevřen studentům libovolného oboru.
Cíle předmětu
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.
Osnova
  • 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
Literatura
    povinná literatura
  • Eiteman, D. K., Stonehill, A. I., Moffett, M. H.: Multinational Business Finance, Prentice Hall, 2010.
    doporučená literatura
  • Witzany, J.: International Financial Markets. Praha: Oeconomica, 2010.
  • Fialová, H., Fiala, J.: The Concise Dictionary of Economic Terms. Praha: A plus, 2008.
Výukové metody
lectures, seminars
Metody hodnocení
final test in written form, attendance
Vyučovací jazyk
Angličtina
Navazující předměty
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích léto 2012, zima 2012, zima 2013, zima 2014, zima 2015, zima 2016, zima 2017, zima 2018, zima 2019, zima 2020, zima 2021, zima 2022, zima 2023, zima 2024.