Course detail

International Finance

FP-ifKAcad. year: 2024/2025

Introduction to International Finance, International Monetary System, Balance of Payments, Exchange Rate Mechanisms, the European Monetary Union, International Financial Institutions, Financial Management in Multinational Corporations, Terms of Payment and Financing Business Internationally, Export Credit Agencies, Foreign Direct Investments, International Mergers and Aquisitions, Project Finance, Risk and International Trade. 

Language of instruction

English

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. Ing. Michal Karas, Ph.D.

Department

Institute of Finances (ÚF)

Entry knowledge

Knowledge of corporate finance, knowledge of statement and accounting procedures for entrepreneurs, knowledge of international business.

Rules for evaluation and completion of the course

The credits are granted on the following conditions:

  • active participation in seminars,
  • presentations of the essay in a predetermined time.

The essay rating affects the final assessment of weight 30%.

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

The goal is to get to know and understand:

  • 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.;
  • Various forms of security tools, 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

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

JACQUE, Laurent L. International corporate finance: Value creation with currency derivatives in global capital markets.Nashville, TN: John Wiley & Sons, 2014. ISBN 978-1-118-78186-9. (EN)
KRUGMAN, Paul R., OBSTFELD, Maurice and MELITZ, Marc. International economics: Theory and policy. 10th ed. Pearson, 2015. ISBN 978-1-292-01955-0. (EN)
MADURA, J. International financial management. 12th ed. Stamford, CT: Cengage Learning, 2015. ISBN 978-1-133-94783-7. (EN)
MISHKIN, Frederic S. Economics of Money, Banking and Financial Markets, Global Edition. Pearson Education UK, 2015. EISBN: 978129209419. (EN)
SHENKAR, Oded, Yadong LUO a Tailan CHI. International business. 4th edition. New York ; London: Routledge, 2022. ISBN 978-0-367-47237-5. (EN)

Recommended reading

BALDWIN, R. – WYPLOSZ, CH. The economics of European integration. 4th ed. McGraw-Hill Education - Europe, 2012. ISBN 978-0077131722.
MORRISON, J. The international business environment: global and local marketplaces in a changing world. Houndmills, Basingstoke, Hampshire, New York: Palgrave Macmillan, 2006. ISBN 978-1-4039-3691-2.
STIGLITZ, Joseph E. a Miguel d'Escoto BROCKMANN. The Stiglitz report: reforming the international monetary and financial systems in the wake of the global crisis. New York, N.Y: The new press, 2010. ISBN 978-1-59558-520-2. (EN)

Classification of course in study plans

  • Programme MGR-UFRP-KS Master's 2 year of study, winter semester, compulsory

Type of course unit

 

Guided consultation in combined form of studies

16 hod., optionally

Teacher / Lecturer

doc. Ing. Veronika Večeřová, Ph.D.