JEM044 - International Finance

Credit: 6
Credit ETCS: 6
Hours weekly: 2/2
Status: EEI and EP - elective
English
ET - elective
F,FM and B - mandatory
Masters - all
MEF - elective
Semester - summer
Obligatory courses:
Recommended courses: JEB039 - International Trade
JEB050 - International Finance
Course supervisors: PhDr. Pavel Vacek Ph.D., Česká spořitelna Corporate Chair
Teachers: PhDr. Pavel Vacek Ph.D., Česká spořitelna Corporate Chair
Assistants: PhDr. Ihor Kruchynenko
Schedule: Tuesday 11 am - 12:20 pm (lecture) Tuesday 3:30 pm - 4:50 pm (seminar)
Announcements:
Literature: Required: Sercu, Piet (2009). International Finance: Theory into Practice, Princeton University press.

Recommended: Maurice D. Levi (2009). International Finance, fifth edition, published by Routledge.
Description: JEM 044
Content: The aim of this course is to provide an integrated view of international financial markets and the management of multinational firms. The focus will be on the international payment mechanism, the markets for spot exchange, understanding forward exchange rates, and using forwards for international financial management. We will discuss managing exposure to exchange rates and country risk, and financing in international capital markets.
Seminar: We will practice theory by going over examples and exercises. However, some seminars will be very similar to the lectures and new material will be covered.
Examination dates: see syllabus
Course requirements: two midterm tests
presentation
written final test
Downloadable: CNB Presentation
Last Year's Midterm I
Sercu chapter 2
Sercu chapter 3
Sercu chapter 5
Student Presentation I - Foreign Exchange Reserves
Student Presentation II - monetary surprises
Student Presentation III - exposure
Student Presentation IV - what makes forex tick, part I
Student Presentation IX - Fama
Student Presentation V - ch 10 Sercu, part II
Student Presentation VI - forex mkts, part I
Student Presentation VII - forex mkts, part II
Student Presentation VIII - Michkin
Student Presentation XI - limits to arbitrage
Student Presentation XII - transmission
Student Presentation XIV - Firms in India
Student Presentation XV - home ownership
Syllabus
week 1 - Feb 19, 2013
week 2 - Feb 26, 2013
week 3 - March 12, 2013
Week 4 in 2013
Week 5 in 2013
Week 6 in 2013
Week 7 in 2013
Week 8 in 2013