International finance
Mr Adam Steen
6 points
* Two 1-hour lectures and one 1-hour tutorial per week
*
Second semester
* Clayton
* Prerequisite: AAF2140 or AAF2170
Objectives On completion of this subject students should be familiar with the major issues in foreign currency transactions and risks; able to understand and apply the central theorems of international finance theory; able to define and evaluate hedging techniques and instruments; familiar with international equity raising; able to evaluate international portfolio construction; able to analyse issues in international capital budgeting.
Synopsis The subject provides a systematic analysis of a range of issues in international finance and global financial markets. Topics include the international financial system, institutions and market practices; international finance theorems and their application; Euromarkets; international debt and equity raising; measurement of foreign exchange risk; managing foreign exchange exposure; foreign currency futures, options and swaps, international portfolio investment and capital budgeting and international trade finance.
Assessment Written (1000 words): 10%
* Mid-semester test (50 mins):
20%
* Examination (3 hours): 70%
Prescribed texts
Juttner D J International finance and global financial markets 3rd edn, Longman Cheshire, 1995
| Published by Monash University, Clayton, Victoria
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