5 credits
30.0 h
Q1
Teacher(s)
Candelon Bertrand;
Language
English
Main themes
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
Aims
At the end of this learning unit, the student is able to : | |
| 1 | During their programme, students of the LSM Master¿s in management or Master¿s in Business engineering will have developed the following capabilities¿
During their programme, students of the LSM Master¿s in management or Master¿s in Business engineering will have developed the following capabilities¿
On successful completion of this program, each student will acquire the following skills :
|
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
- 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
Teaching methods
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
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
Evaluation methods
Evaluation: 50% assigment 50% exam
Bibliography
- 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
Teaching materials
- Livre de référence : Krugman and Obstfeld International Economics : Theory and Policy, Pearson.
Faculty or entity
CLSM
