International Financial Markets (2017/2018)

Course partially running (all years except the first)

Course code
Name of lecturer
Giuseppina Chesini
Giuseppina Chesini
Number of ECTS credits allocated
Academic sector
Language of instruction
Secondo Semestre Magistrali dal Feb 26, 2018 al May 25, 2018.

Lesson timetable

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Learning outcomes

In this course students will be introduced to the modern study and analysis of international finance which has been fast evolving due to the deregulation of financial markets, product innovations and technological advancements. They will also be learnt that as capital markets in the world are becoming more integrated, a solid understanding of international finance has become essential for astute corporate decision making.
Following a review of the differences between international finance and domestic finance, we will study the organization of the market for foreign exchange and the mechanics of exchange-traded currency futures and options contracts. The final objective is to build a solid comprehension of te foreign exchange markets and currency derivatives.
After that a thorough discussion of international financial institutions, assets and marketplaces will provide students with the the basic tools necessary to make correct financial decisions in a world wide context.


Part one:
- Globalization and the Multinational Firm
- Corporate Governance around the world
Part two:
- The market for Foreign Exchange
- Futures and Options on Foreign Exchange
Part three
- Management of Transaction Exposure
- Management of Economic Exposure
Part four
- International Banking and Money Market
- International Bond Market
- International Equity Markets
- Interest rate and currency swaps
- International Portfolio Investment

Reference books
Author Title Publisher Year ISBN Note
Cheol Eun, Bruce Resnick International Financial Management McGraw -Hill 2018 978-1-259-92219-0

Assessment methods and criteria

This course will be assessed with a written examination which will include open questions on the theory and some exercises. This exam will test for: (a) the accurate and thorough understanding of the concepts, methods, and models in the course, (b) ability to use these theoretical tools to answer financial practical questions.
Students can also prepare an optional project work (alone or in small groups) concerning the main topics of the Course, and submit it before the end of the Course; in this way they might obtain up to two additional marks in the final examination, based on the assessment of this project work.