06300421 - International finance

Credit hour 3
Total number of hours 20
Number of hours for lectures 12
Number of hours for tutorials 8

Goals

The course focuses on international finance & risk management.
Case studies will be widely used

TARGETED KNOWLEDGE
  • Focus on risk management: forex risks, interest rate risks, country risk management, investment risks…
  • Understand decision-making in the investment process in an international context (case studies)

Content

• Foreign Exchange Risks
Exercises
Case study: Johnson and Johnson in Guangzhou
Case Study: Airbus Forex / Brazil
• Country Risk Analysis
• Multinational Capital Budgeting
Capital Cost, Risk Premium, Operating Cash Flows
Exercises
Case study: Lufthansa in India
Case study: Saint Gobain in Iran
• Money Markets
Interest Rate Risk Management (FRAs)
Exercises

* A selection will be made among topics, case studies & exercises

Bibliography

BOOKS USED AS REFERENCE:
- David Eiteman, Arthur Stonehill, Michael Moffett, Fundamentals of Multinational Finance, 5th edition (2016), Pearson

ADDITIONAL READINGS :
- Financial Times

Tests

Final Exam
Written 2h

Continuing Examination
In class Examination
Group assignements : case studies & participation to the class

Additional Information

TEACHING METHODS
Lectures, exercises & case-studies.

PREREQUISITE
Corporate finance

Last updated: March 28, 2018