|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Business|
|Student contribution band :||Band 4|
|Grading basis :||Graded|
|Version produced :||16 May 2022|
With the increasing global integration of money and capital markets, an understanding of the foreign exchange environment in which multinational enterprises operate is fundamental to the financial management dimensions of operating such enterprises.
This course has been written with the intention of providing a systematic analysis of a representative range of analytical issues in international finance and investment against the background of global financial markets. The course initially examines the international monetary system and analyses exchange rates, their determinants and their relationship to significant economic factors. Students would be exposed to currency and interest rate derivatives and the numerous hedging strategies that firms can adopt to mitigate currency risk. The remainder of the course adopts the investment, financing and dividend decisions of firms and applies them to an international setting.