International Finance

Enseignants

Candelon Bertrand;

Langue
d'enseignement

Anglais

Thèmes abordés

We set up a framework for:

• understanding how international financial conditions influence the decision-making process of modern business leaders in the corporate and capital markets arenas.

• understanding the characteristics, institutions, and players of the exchange rate markets.
• exploring exchange rate regimes

Acquis
d'apprentissage

A la fin de cette unité d’enseignement, l’étudiant est capable de :
1	During their programme, students of the LSM Master¿s in management or Master¿s in Business engineering will have developed the following capabilities¿ A Scientific and Systematic Approach Teamwork and leadership Working in an international environment On successful completion of this program, each student will acquire the following skills : Undestand the basic models that are useful for international financial in international context (and that will be covered in the course of international corporate finance)

La contribution de cette UE au développement et à la maîtrise des compétences et acquis du (des) programme(s) est accessible à la fin de cette fiche, dans la partie « Programmes/formations proposant cette unité d’enseignement (UE) ».

Contenu

• The globalization and the multinational corporation
• The foreign exchange market
• Exchange rate models: short term and long term models
• Exchange rate determination and forecasting
• Speculation and risk in the foreign exchange rate market
• International debt and equity financing
• International capital market equilibrium
• Country and political risk

Méthodes d'enseignement

The 5 hours of courses will be divided between 3 hours of courses and 2 hours of workshops.
The course takes place on Friday from 8-13.00 Erasme 54/Sud 01
6 Lectures, each of them divided in two parts: Part 1: theory (60% of lecture time); Part 2: practice (40% of lecture time)
Lecture 1 – Theory + Presentation IMF, Article iv and exchange rate arrangement.
Lecture 2 – Theory + Exercices 1
Lecture 3 – Theory + Exercices 2
Lecture 4 – Theory + Exercices 3
Lecture 5 – Theory + Wrap-up, open questions, exam questions
Lecture 6 – Theory + Time for Bloomberg test preparatio

Modes d'évaluation
des acquis des étudiants

Evaluation: 50% assigment  50% exam

Bibliographie

• Livre de référence : Krugman and Obstfeld International Economics : Theory and Policy, Pearson.

• International Financial Management (2nd Edition) (Prentice Hall Series in Finance)  - 2nd Edition by Geert J Bekaert and Robert J. Hodrick - Bloomberg market concepts: exchange rate module

Support de cours

• Livre de référence : Krugman and Obstfeld International Economics : Theory and Policy, Pearson.

Faculté ou entité
en charge

CLSM