International Finance_

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International Finance

Aims and Summary
The aim of this module is to provide students with an understanding of the international dimension of finance and how this impacts upon business. By the end of this module,
students should appreciate the workings and operation of currency derivatives markets, the international money and capital markets and the principles of currency risk management.
The subject matter of the module includes study of currency markets, international parity conditions, international money and capital markets, the nature and importance of currency risk and strategies for managing currency risk.

Intended Module Learning Outcomes
On completion of this module, the student should be able to:
 

  • Analyse how the international dimension of finance affects the environment within which business operates and how it affects the decisions of the firm
  • Compare the financial products available on international markets
  • Appraise the applications and uses of these products and markets for business situations and decisions

 
 

Indicative Content
 

  • Currency markets: Spot, forward, futures, options. Characteristics and organization of the different markets. Comparison of uses of the markets
  • Parity conditions: covered and uncovered interest rate parity. Rationale for these conditions. Impediments to these conditions holding. Relevance of these conditions for financial decisions / issues. Empirical evidence
  • International borrowing: potential benefits of accessing international debt and equity markets, e.g. reduced cost of capital, improved risk management, etc. Dangers of  issuing debt and equity on international markets
  • International money / capital markets: foreign and eurocurrency markets, the swap market. Structure and uses of the markets
  • Currency risk: meaning, types and importance of currency risk / exposure
  • Currency risk management techniques: internal and external methods, comparison and evaluation

info boks ba honours cu ft

 
application deadline
  • 15 March - for students outside Denmark
  • 1 June - for students in Denmark
start date
  • September 2013
  • Compulsory Induction Week - starting 26 August 2013
application and entry requirements
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