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Π.Μ.Σ στη «Χρηματοοικονομική και Τραπεζική»

M.Sc. in Banking and Finance

Money and Capital Markets

Full Time// 1st Semester, Course Code: ΜΕΧΡΗ206

Part Time // 1st Semester, Course Code: ΜΕΧΡΗ-Μ206

Credits: 6

Learning Outcomes

The goal of this course is to offer knowledge to the students in relevance to the investigation of the characteristics of international money and capital markets, as well as the investigation of financial management from the side of multinational corporations. Moreover, the students will be capable of quantifying and manage the risk associated with any exchange rate changes.

Overall, the students will learn how to efficiently manage various types of assets in an international environment. The approach will be that from the side of multinational corporations and they have to do with any profits associated with international investments, how multinational corporations manage their investment decisions, what is the cost of capital for a multinational corporation in an international environment, whether there any profits of internationally differentiated portfolios, what is the effect of taxation on international investment decisions, how multinationals manage their cash reserves etc,

The successful completion of the course, students will be sufficiently capable of:

  • interpreting exchange rate changes
  • determining the determinants of exchange rates
  • estimating how exchange rate changes affect the exposure of multinationals to exchange risk
  • estimating how exchange rate changes affect international portfolio differentiation
  • evaluating how exchange rate changes affect certain activities of multinationals, such as cash management, their cost of capital etc.
  • using the above tools to satisfy the requirements of the job market in relevance to multinationals, international research institutions, and private banks

General Competences

  • Search for, analysis and synthesis of data and information, with the use of the necessary technology
  • Decision making
  • Working independently
  • Team work
  • Working in an international environment
  • Production of new research ideas   

Course Content

  • International money markets
  • Efficiency in the foreign exchange markets
  • Exchange rate risk
  • Eurodollar markets
  • Exposure to exchange rate risks
  • Transaction and operational exposure
  • Exposure management
  • Forward exchange markets
  • International portfolios
  • international capital markets
  • Cash managements

Student Performance Evaluation

For the overall students’ evaluation there is a final exam (40% of the final grade) which contains practical.numerical problems

A mid-term exam (30% of the final grade)

The presentation of a related case study (30% of the final grade)

Bibliography

Suggested Bibliography

  • D. Eiteman, A. Stonehil, M. Moffett (2016), Διεθνής Διοικητική των Επιχειρήσεων, 1η Έκδοση, Εκδόσεις Πεδίο
  • Richard M. Levich, International Financial Markets: Prices and Policies (2nd Edition), McGraw-Hill, 2001.
  • Alan C. Shapiro, Multinational Financial Management, (5th Edition), Allyn and Bacon, 1996.
  • Michael Melvin, International Money & Finance, (7th Edition), Pearson Addison-Wesley, 2004.
  • Orlin Grabbe, International Financial Markets, (3rd Edition), Irwin/McGraw Hill, 2001.
  • Cheol Eun and Bruce Resnick, International Financial Management, 4th Edition, McGraw-Hill/Irwin, 2007

Related Academic Journals

  • JOURNAL OF INTERNATIONAL MONEY AND FINANCE
  • INTERNATIONAL FINANCE
  • JOURNAL OF FINANCIAL RESEARCH
  • JOURNAL OF GLOBAL ECONOMICS AND FINANCE

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