Course detail
International Finance
FP-EifPAcad. year: 2023/2024
Introduction to International Finance, Foreign Exchange Exposure, Credit Checking, Political Risk Assessment and Management, Terms of Payment and Doing Business Internationally, International Monetary System, European Monetary Union, International Financial Institutions, Export Credit Agencies, Foreign Direct Investments and Project Finance, Foreign Direct Investments and Capital Budgeting.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Entry knowledge
Rules for evaluation and completion of the course
Examination requirements: knowledge of subject and its practical applications. Form of examination is combined: written test and if necessary oral examination.
The test is classified according to ECTS.
Attendance at lectures is not compulsory, but is recommended. Attendance at seminars is checked by the tutor. Lessons are composed on the basis of weekly schedules. Way of substituting missed lessons is fully in competence of a teacher.
Aims
Framework conditions for the management of corporate finance in international area;
Payment conditions in export contracts, taking into account the potential risks;
Information sources for assessing the business and financial solvency of foreign business partners or other parties
Disposable Payment and Paying-hedging instruments in foreign trade, which may be different variations of smooth payments or documentary payments;
Short-and medium-and long-term refinancing instruments, such as bank loans (eg, state-supported by the Czech Export Bank), factoring, forfeiting, export leasing, etc.;
Security tools in a variety forms, contracts providing exchange rate risk, credit risk by providing export credit insurance and various forms of bank or government guarantees.
Students will be able to identify individual needs according to the area of company international activities, they will be aware of the financial backing of these needs, they will be able to define and apply external resources for export financing, as well as methods of hedging.
Study aids
Prerequisites and corequisites
- compulsory prerequisite
Finance 1
Basic literature
MOFFETT, M. H. – STONEHILL, A. I. – EITEMAN, D. K. Fundamentals of multinational finance. Boston, Mass.: Pearson/Addison-Wesley, 2006. ISBN 0-321-28031-8.
SHAPIRO, A. Multinational financial management. Hoboken: Wiley, 2010. ISBN 978-0-470-45035-2.
Recommended reading
Elearning
Classification of course in study plans
- Programme MGR-EBF Master's 1 year of study, winter semester, compulsory
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
• The history and the evolution of the international monetary systém
• Exchange rate regimes
• The European Monetary Union
• International financial institutions
• Introduction to multinational corporation management
• Financing a multinational corporation
• Foreign investments and investment strategy of multinaltional corpoarations
• Multinational capital budgeting and capital structure
• Taxes and multinational business strategy – international taxation of income
Exercise
Teacher / Lecturer
Syllabus
Elearning