International Financial Markets

The goal of the course is to introduce students into the international money and capital markets, along with the tools associated with the analysis of international investments. Upon the successful completion of the course, the students will be able to meet the general rules dictating the operation of international currency markets, the international money and capital markets, the role of the international banking system, the role of exchange rate regimes, as well as the factors that determine the time structure of interest and exchange rates. Moreover, they will be able to determine the return and risk of international portfolios, as well as the role of the exchange rate risk, along with certain strategies of portfolio investments and risk diversification in the international environment

Finally, the students can meet the challenges international firms can cope with in terms of their transaction, accounting and operational/economic exposure to the role of the exchange rate risk, along with certain strategies that ensure the hedging activities towards that risk in terms of forward contracts and money contracts.