FIUNKIFA International Business Finance

Obchodně podnikatelská fakulta v Karviné
léto 2024
Rozsah
12/0/0. Přednáška 12 HOD/SEM. 5 kr. Ukončení: zk.
Vyučující
Ing. Jana Šimáková, Ph.D. (přednášející)
Garance
Ing. Jana Šimáková, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA
Předpoklady
FAKULTA ( OPF ) && TYP_STUDIA ( N ) && FORMA ( K )
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 24 stud.
Momentální stav registrace a zápisu: zapsáno: 0/24, pouze zareg.: 0/24
Mateřské obory/plány
Cíle předmětu
The aim of the course is to introduce and international finance and international financial system from the business and financial management perspective. The student will gradually get acquainted with the most important indicators of external economic position such as balance of payments, exchange rate, foreign investments and their mutual links. The course also covers topics as international financial markets and financial derivatives.
Osnova
  • 1. International Financial Environment
    Introduction of the international financial system and description of the main development phases. Gold standard. Bretton Woods system. Post Bretton Woods system. Contemporary financial system.
    2. International financial institutions
    Explanation of the position and role of selected international financial institutions such as central banks, International Monetary Fund and World Bank. Monetary integration in the European Union and effects of the euro currency and Eurozone on the international financial system.
    3. 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.
    4. 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. International Business Financing
    Sources and uses of funds in multinational corporation. Issue of shares and bonds on national and international financial markets. International banks as providers of loans for multinational corporations. Process of obtaining a loan, syndicate lending, eurocurrency markets, Eurobonds. Venture capital, hedge funds and sovereign wealth funds as sources of capital. The cost of capital in multinational corporation, establishing of a worldwide capital structure and valuing low-cost financing opportunities.
    6. International Financial Risk Management
    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
  • STAVÁREK, D. International Finance: Theory and Practice in Transition Countries. Karviná: SU OPF, 2005. ISBN 80-7248-290-4. info
    doporučená literatura
  • SHAPIRO, A.C. Multinational Financial Management. 9th ed. Hoboken: John Wiley and Sons, 2010. ISBN 978-0-470-45035-2. info
  • DeGRAUWE, P. Economics of Monetary Union. 8th Ed. Oxford: Oxford University Press, 2009. ISBN 0-199-56323-3. info
  • KRUGMAN, P.R., OBSTFELD, M. International Economics: Theory and Policy. 8th ed. New York: Addison Wesley, 2009. ISBN 1-408-820807-5. info
  • SERCU, P. International Finance. Theory and Practice. Princeton: Princeton University Press, 2009. ISBN 978-0-691-13667-7. info
  • BAIMBRIDGE, M., WHYMAN, P. Economic and Monetary Union in Europe. Cheltenham: Edward Edgar, 2003. ISBN 1-84542-233-3. info
Metody hodnocení
Písemná zkouška
Vyučovací jazyk
Angličtina
Informace učitele
Requirements: ongoing test, case studies
Assessment: ongoing test (20 % of grade), case studies (20 % of grade), final written exam (60 % of grade)
Další komentáře
Předmět je dovoleno ukončit i mimo zkouškové období.
Předmět je zařazen také v obdobích zima 2015, léto 2016, zima 2016, léto 2017, zima 2017, léto 2018, zima 2018, léto 2019, léto 2020, léto 2021, léto 2023.
  • Statistika zápisu (nejnovější)
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