OPF:FIUNPIFA International Business Finance - Informace o předmětu

FIUNPIFA International Business Finance

Rozsah

1/1/0. 4 kr. Ukončení: zk.

Vyučující

Ing. Tomáš Heryán, Ph.D. (přednášející)
Ing. Tomáš Heryán, Ph.D. (cvičící)

Garance

prof. Ing. Daniel Stavárek, Ph.D.
Katedra financí a účetnictví – Obchodně podnikatelská fakulta v Karviné
Kontaktní osoba: Ing. Irena Szarowská, Ph.D., MPA

Rozvrh

Út 13:55–14:40 B207

• Rozvrh seminárních/paralelních skupin:

FIUNPIFA/01: Út 14:45–15:30 B207, T. Heryán

Předpoklady

FAKULTA(OPF) && TYP_STUDIA(N) && FORMA(P)
K absolvování předmětu nejsou vyžadovány žádné podmínky a předmět může být zapsán nezávisle na jiných předmětech

Omezení zápisu do předmětu

Předmět je nabízen i studentům mimo mateřské obory.
Předmět si smí zapsat nejvýše 10 stud.
Momentální stav registrace a zápisu: zapsáno: 0/10, pouze zareg.: 0/10

Mateřské obory/plány

• Banking (program OPF, N_HOSPOL)
• Bankovnictví (program OPF, N_HOSPOL)

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 monetary system
  2. International financial institutions
  3. History of European monetary integration
  4. Foreign exchange market
  5. Exchange rates
  6. Exchange rate regimes
  7. International movement of capital
  8. Foreign investment in Central Europe
  9. Balance of payments
  10. International economic relations in Central Europe
  11. Foreign exchange risk
  12. Currency derivatives
  13. International business financing
  1. International monetary system
  Definition of the international monetary system and description of its evolution. Gold standard, Brettonwood system, post-brettonwood arrangement and present international monetary system.
  2. International financial institutions
  International Monetary Fund, World Bank Group, European Bank for Reconstruction and Development. Description of the organizational structure, tools, products, activities and results.
  3. History of European monetary integration
  History of European economic and monetary integration, benefits and drawbacks. Role of the euro currency and European Central Bank in the international financial system.
  4. Foreign exchange market
  Description of the foreign exchange market, methods of trading and most important financial centres. Spot and term operations. Foreign exchange market in Central Europe.
  5. Exchange rates
  Types of exchange rates, nominal and real exchange rate. Spot and forward exchange rate, quotes of exchange rate. Essential theories of exchange rate determination.
  6. Exchange rate regimes
  Typology of the exchange rate regimes, comparison of their pros and cons. Changes of the exchange rate arrangements during the economic transformation. Implications for hedging and international trade.
  7. International movement of capital
  Typology of investment. Motives and risks of investing abroad. Foreign direct investment as a driving force of globalization, benefits and drawbacks.
  8. Foreign investment in Central Europe
  Benefits and drawbacks of foreign investments for an investor and for a host country. Current situation and a recent development of foreign investments in the central and eastern European countries.
  9. Balance of payments
  Principle of balance of payments, vertical and horizontal structure, partial and cumulative balances. Current account, financial account, capital account, foreign exchange reserves.
  10. International economic relations in Central Europe
  Development of the Central and Eastern European countries' balances of payments and analysis of their external macroeconomic equilibrium. Main development trend in international trade and investment position.
  11. Foreign exchange risk
  Foreign exchange risk and economic exposure, identifying and calculating economic exposure. Operating exposure and its management. Translation and transaction exposures and their management.
  12. Currency derivatives
  Comparison of basic types of financial derivatives - futures, options swaps. Using in hedging and speculation. Financial derivatives in transition countries.
  13. International business financing
  Corporate sources and uses of funds, national capital markets and international financial centres. International financial intermediaries, project financing, venture capital.
  

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

Výukové metody

Demonstrace dovedností
Seminární výuka

Metody hodnocení

Písemná zkouška

Vyučovací jazyk

Angličtina

Informace učitele

Požadavky na studenta: docházka na semináře, referát, seminární práce
Hodnotící metody: Docházka na semináře min. 60 % (10 % hodnocení), referát na semináři (10 % hodnocení), seminární práce (20 % hodnocení), písemná zkouška (60 % hodnocení)

Aktivity	Náročnost [h]
Ostatní studijní zátěž	50
Přednáška	13
Seminář	13
Zkouška	40
Celkem	116

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