International banking and finance
Mr Michael Vincent
6 points
* Distance: approximately 10 hours per week
* First
semester
* Caulfield
* Prerequisite: Graduate Certificate of Business
(Banking)
Objectives Students will gain an awareness of the evolution of the international financial system, and the importance of this system in today's global economy. An understanding of the development of financial markets and their operations within the context of global mobilisation and allocation of world resources provides students with a thorough grounding in the theoretical and practical operations of finance markets.
Synopsis Topics includes world financial system; historical evolution and development; Euro-markets; trade and capital flows; world debt problem and its effect on the global banking system; foreign exchange markets; structure and agency arrangements; spot and forward rates; foreign exchange risk management; policy setting and trading techniques; trade finance sources and techniques; tax havens and off shore bank centres; international credit creation; global asset and liability management; issues in banking and finance; country risk analysis; economic intelligence sources; sovereign risk and political risk.
Assessment Assignments: 50%
* Examination: 50%
* Students must
gain a satisfactory level of achievement in the subject as a whole to pass.
Prescribed texts
Elteman D K and others Multinational business finance 6th edn, Addison-Wesley
Shapiro A C Multinational financial management 4th edn, Allyn and Bacon
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