Learning objectives
The course is focused on multinational corporate finance. Students will understand international finance from both corporate and international banking viewpoints, as well as financial constraints on international business and differences between domestic and international environments. They will examine the international monetary system, measurement and management of foreign-exchange and interest rate risk exposure, international financial markets and banking, import/export financing, and multinational capital budgeting.
Prerequisites
Basic knowledge on corporate finance and the economics of financial intermediaries and markets
Course unit content
Globalization and the Multinational Enterprise
The International Monetary System
International Parity Conditions
The Foreign Exchange Market
Foreign Currency Derivatives
Interest Rate Exposure and Cross Currency Swaps
Foreign Exchange Rate Determination & Forecasting
The Global Cost and Availability of Capital
Sourcing Equity Globally
Sourcing Debt Globally
Foreign Direct Investment Theory & Strategy
Multinational Capital Budgeting
Risk measurement and management
Full programme
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Bibliography
David K. Eiteman, Arthur I. Stonehill, and Michael H. Moffett "Multinational Business Finance", 12/e, Prentice Hall 2010
Teaching methods
Lessons and exercises
Assessment methods and criteria
Written exam
Other information
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