Předmět International Business Finance (FIU / NPIFA)

Na serveru studentino.cz naleznete nejrůznější studijní materiály: zápisky z přednášek nebo cvičení, vzorové testy, seminární práce, domácí úkoly a další z předmětu FIU / NPIFA - International Business Finance, Obchodně-podnikatelská fakulta v Karviné, Slezská univerzita v Opavě (SU).

Materiál	Typ	Datum	Počet stažení

Obsah

1. International monetary system2. International financial institutions3. History of European monetary integration4. Foreign exchange market5. Exchange rates6. Exchange rate regimes7. International movement of capital8. Foreign investment in Central Europe9. Balance of payments10. International economic relations in Central Europe11. Foreign exchange risk12. Currency derivatives13. International business financing1. International monetary systemDefinition 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 institutionsInternational 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 integrationHistory 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 marketDescription 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 ratesTypes 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 regimesTypology 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 capitalTypology 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 EuropeBenefits 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 paymentsPrinciple 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 EuropeDevelopment 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 riskForeign exchange risk and economic exposure, identifying and calculating economic exposure. Operating exposure and its management. Translation and transaction exposures and their management.12. Currency derivativesComparison of basic types of financial derivatives - futures, options swaps. Using in hedging and speculation. Financial derivatives in transition countries.13. International business financingCorporate sources and uses of funds, national capital markets and international financial centres. International financial intermediaries, project financing, venture capital.

Získané způsobilosti

capability to theoretically and empirically assess development of exchange rate, balance of payments and foreign investment, ability to manage exchange rate risk, knowledge about financing the firm globally

Literatura

STAVÁREK, D. International Finance: Theory and Practice in Transition Countries. Karviná: SU OPF, 2005. ISBN 80-7248-290-4.BAIMBRIDGE, M., WHYMAN, P. Economic and Monetary Union in Europe. Cheltenham: Edward Edgar, 2003. ISBN 1-84542-233-3.DeGRAUWE, P. Economics of Monetary Union. 8th Ed. Oxford: Oxford University Press, 2009. ISBN 0-199-56323-3.KRUGMAN, P.R., OBSTFELD, M. International Economics: Theory and Policy. 8th ed. New York: Addison Wesley, 2009. ISBN 1-408-820807-5.SERCU, P. International Finance. Theory and Practice. Princeton: Princeton University Press, 2009. ISBN 978-0-691-13667-7.SHAPIRO, A.C. Multinational Financial Management. 9th ed. Hoboken: John Wiley and Sons, 2010. ISBN 978-0-470-45035-2.

Požadavky

Compulsory attendance at seminars 25 %.Seminar paper, seminar discussions, short essay, final exam (written)

Garant

Prof. Ing. Daniel STAVÁREK, Ph.D.

Vyučující

Prof. Ing. Daniel STAVÁREK, Ph.D.