VSFS:N_IFS_1 International Financial Ser. 1 - Course Information
N_IFS_1 International Financial Services 1
University of Finance and AdministrationWinter 2011
- Extent and Intensity
- 0/2. 3 credit(s). Type of Completion: z (credit).
- Teacher(s)
- doc. Ing. Karel Brůna, Ph.D. (seminar tutor)
- 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_1/cFPH: Tue 14:00–14:44 S34, Tue 14:45–15:30 S34, K. Brůna
N_IFS_1/vFPH: Fri 11. 11. 15:30–17:00 S24, 17:15–18:45 S24, Fri 25. 11. 12:00–13:30 S24, K. Brůna
N_IFS_1/vPPH: Fri 7. 10. 12:00–13:30 S13, 13:45–15:15 S13, Fri 21. 10. 15:30–17:00 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. 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, seminars
- Assessment methods
- final test in written form, attendance
- Language of instruction
- English
- Follow-Up Courses
- 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: 6hodin KS/ semestr.
- Enrolment Statistics (Winter 2011, recent)
- Permalink: https://is.vsfs.cz/course/vsfs/winter2011/N_IFS_1