FIUBAMEZ International Finance

Obchodně podnikatelská fakulta v Karviné
léto 2022
Rozsah
2/1/0. 6 kr. Ukončení: zk.
Vyučující
prof. Ing. Daniel Stavárek, Ph.D. (přednášející)
Garance
prof. Ing. Daniel Stavárek, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA
Předpoklady
FAKULTA(OPF) && TYP_STUDIA(B) && FORMA(P)
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 1 stud.
Momentální stav registrace a zápisu: zapsáno: 0/1, pouze zareg.: 0/1
Mateřské obory/plány
Cíle předmětu
The course provides principal information and knowledge on international monetary system. The emphasis is placed on understanding of practical aspects of foreign exchange market, quotation and determination of exchange rates, balance of payments and international capital flows.
Osnova
  • 1. Multinational corporations and international environment
    Institutional environment of multinational corporations, impact of legal rules and government institutions on firm behavior and financial decisions. Topical issues related to national debt, international trade, and currency valuation. Recent financial crisis and reforming the international financial system.
    2. Foreign exchange market and exchange rates
    Description of the foreign exchange market and introduction of the key transactions, ways of trading and development trends. Explanation of spot and term contracts and their application in financial management. Classification of exchange rates and exchange rate arrangements in the world. Analysis of the recent development of the major currencies and their exchange rates.
    3. International parity conditions and exchange rate determination
    Simple model of exchange rate determination, supply and demand on foreign exchange market, impact of international trade on foreign exchange supply and demand. Interest rates as a determinant of exchange rates in short-term. Covered and uncovered interest rate parity, interest rate arbitrage. Purchasing power parity and determination of exchange rates in long-term. Law of one price, version of purchasing power parity, Ballassa-Samuelson effect.
    4. Balance of payments, international trade and investments
    The basics of international trade with goods and services. International movement of capital in form of direct and portfolio investments. Factors motivating investing abroad, effect of foreign direct investment on host country. Risks associated with investing in foreign countries. Balance of payments as elementary statistical evidence of international trade, investments and other international economic transactions. Interpretation of balance of payment situation and development in major world economies.
    5. Exchange rate risk
    Foreign exchange risk and economic exposure, identifying and calculating economic exposure. Operating exposure and its management. Translation and transaction exposures and their management. Comparison of basic types of financial derivatives - futures, options, swaps. Using derivatives in hedging and speculation. Comparison of using the derivatives in selected countries and identification of the cross-country differences.
Literatura
    povinná literatura
  • EUN, C., RESNICK, B., 2018. International Financial Management. 8th Edition. New York: McGraw-Hill Education. ISBN 978-1-259-71778-9.
  • MADURA, J. International Financial Management. 12th ed. Cengage Learning, 2015. ISBN 9781305840577. info
    doporučená literatura
  • EITEMAN, D.K., STONEHIL, A.I., MOFFETT, M.H. Multinational Business Finance (12th ed.). New York: Pearson, 2010. ISBN 978-0-1361-2156-5. info
  • PILBEAM, K. International Finance. Houndmills: Palgrave Macmillan, 2006. ISBN 1-4039-4837-2. info
Výukové metody
Skills demonstration
Seminar classes
Metody hodnocení
Written exam
Vyučovací jazyk
Angličtina
Informace učitele
Povinná účast na seminářích 25 %.
Seminární práce s obhajobou, diskuze na seminářích, průběžný test, závěrečná písemná zkouška.

Aktivity Náročnost [h]
Ostatní studijní zátěž 95
Přednáška 26
Seminář 13
Zkouška 40
Celkem 174
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 2014, zima 2015, zima 2016, zima 2017, zima 2018, zima 2020, zima 2021, zima 2022.