International Finance

This course surveys the modern paradigms in international finance stressing the behavior and the global competitive environment facing the multinational firm. Specifically, the course examines the theory linking the world’s various foreign exchange, money and securities markets, emphasizing global investment and risk management. Topics include international monetary arrangements, balance of payments statistics, spot and forward foreign exchange markets, foreign exchange futures and options contracts, interest rate parity, purchasing power parity, exchange rate theory, global mean-variance portfolio theory, foreign exchange hedging and emerging markets.