FIN 550

The course reviews the history and the future prospects of the international financial system and investigates the related markets. The course covers the special issues in international financial management that arise as firms do business in an international setting. In the integrated world market of these days, firms and investors are exposed to foreign exchange risk in addition to asset risk itself, and should take this additional risk into account in their global investment and financing decision making. The main topics covered in class include: (1) An overview of the global financial markets and institutions; (2) Foreign exchange markets, exchange rate determination and various currency instruments; (3) World financial markets and institutions and some aspects of a multinational firm management will be lectured.