International Finance

2026/2027

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Департамент финансов

Статус:

Курс по выбору

Когда читается:

2-й курс, 1 модуль

Course Syllabus

Abstract

This course introduces the principles and practice of international finance with emphasis on multinational financial management, foreign exchange markets, international capital markets, and the financing of international transactions. Topics include exchange rate determination, parity conditions, Eurocurrency financing, currency risk management, foreign exchange derivatives, international portfolio diversification, and multinational corporate financial decision-making. The course also examines the evolution of the international monetary system, the role of international financial institutions, and major episodes of international financial instability, including the Asian Financial Crisis and the European sovereign debt crisis. Particular attention is devoted to European monetary integration, the creation of the euro, and contemporary challenges facing the Euro Area. Throughout the course, theoretical concepts are connected to real-world international financial markets and multinational business practice.

Learning Objectives

• Evaluate financing alternatives for international trade and multinational business operations, including Eurocurrency financing.

Expected Learning Outcomes

• Explain the structure and operation of international financial and foreign exchange markets
• Analyze exchange rate movements and the relationship between exchange rates, interest rates, inflation, and international capital flows
• Interpret balance of payments accounts and apply parity conditions
• Evaluate financing alternatives for international trade and multinational business operations, including Eurocurrency financing
• Identify and assess exchange rate risk faced by multinational firms and international investors
• Apply hedging techniques and foreign exchange derivatives to manage currency risk
• Analyze international investment decisions and the benefits of global portfolio diversification
• Evaluate the causes and consequences of major international financial crises and European monetary integration
• Apply international finance concepts and analytical tools to real-world global financial and business problems

Course Contents

• 1) Introduction to International Finance
• 2) Fundamentals of International Finance
• 3) Exchange Rate Determination
• 4) International Financial Markets
• 5) Financing International Transactions
• 6) Currency Risk and International Financial Management
• 7) International Financial Management
• 8) International Investment and Portfolio Diversification
• 9) Contemporary International Finance
• 10) Financial Crises and International Finance

Assessment Elements

• Participation
• Midterm Examination
• Written Report
• Final Examination

Interim Assessment

• 2026/2027 1st module
  0.4 * Final Examination + 0.3 * Written Report + 0.1 * Participation + 0.2 * Midterm Examination

Bibliography

Recommended Core Bibliography

• Multinational business finance, Eiteman, D. K., 2007

Recommended Additional Bibliography

• International financial management, Bekaert, G.J., 2014

Authors

• Soloveva Ekaterina Evgenevna