International Finance

Catalog description

The central theme of this course is financial decision making in a multicurrency setting. Modern paradigms of foreign exchange markets are used to relate differences between countries in terms of interest rates, purchasing power, inflation and changes in the relative values of various currencies. The course develops a modern, consistent and integrated framework of foreign exchange markets and applies it to problems of international financial management. Topics include: interest rate parity, purchasing power parity, balance of payments, adjustment mechanisms, currency risk and hedging foreign exchange exposure, international investment and financing. Prerequisite Course(s): Prerequisite: FINC 601 or (FINC 610 and FINC 620)