International Finance and Capital Markets

Cod y Modiwl: ABM1820
Teitl y Modiwl: International Finance and Capital Markets
Blwyddyn Academaidd: 2026/2027
Semester: Semester 2
Cyd-gysylltydd y Modiwl: Dr Chunmei Guo
Rhestr Ddarllen: Gweld ar Aspire
Staff Eraill sy'n Cyfrannu: Dr Aloysius Igboekwu; Dr Maria Plotnikova; Professor Homagni Choudhury

Dulliau Asesu

Math o Asesiad	Manylion Asesiad	Cyfran
Asesiad Semester	Group work (debate): (40 minutes) Students must take elements of assessment equivalent to those that led to failure of the module.	20%
Asesiad Semester	Essay: (2,000 words)	30%
Arholiad Semester	3 Awr	50%
Asesiad Ailsefyll	Coursework (Essay): (2000 words). Students must take elements of assessment equivalent to those that led to failure of the module.	30%
Arholiad Ailsefyll	3 Awr Students must take elements of assessment equivalent to those that led to failure of the module.	70%

Canlyniadau Dysgu

Wedi cwblhau'r modiwl dylai'r myfyrwyr fedru:

1. Analyse and evaluate the merits and demerits of various exchange rate regimes, and the opportunities that arise from intermarket arbitrage.
2. Discuss the main approaches to exchange rate determination and use insights from these to analyse potential drivers of currency crises in emerging economies.
3. Evaluate the implications of fixed and floating exchange rate regimes for macroeconomic policy, and the functioning of goods, money and assets markets.
4. Analyze the main types of currency exposures encountered by MNEs, and strategies they can use to manage such exposures.
5. Examine the instruments available to the global firm to finance its operations and consider the effects of market liquidity and segmentation on the cost of capital.

Disgrifiad cryno

The module provides a thorough exposure to the global financial system, notably the international monetary system, the theories and markets for foreign exchange, foreign exchange exposures and international financial arbitrage, the financing of the global firm and the determinants of foreign investment decisions.

Cynnwys

• The foreign exchange market
• Spot, forward, swaps and other types of forex instruments
• Intermarket arbitrage
• The role of expectations and monetary policy in the spot and forward currency markets
• Parity, balance of payments, and asset approaches to exchange rate determination
• Exchange rate forecasting
• Effect of exchange rate on the balance of trade
• Goods, money, and asset markets under fixed and floating exchange rates
• Stabilization policy
• Currency exposures and risk management for multi-national enterprise
• Market liquidity , segmentation, cost and availability of capital
• Equity and debt instruments for MNEs
• Foreign investment risks and their source

Sgiliau Modiwl

Math o Sgiliau	Manylion Sgiliau
Cyfathrebu	Written via essays. Verbal via participation in seminars.
Datrys Problemau	Identify the nature of the problem, and select an appropriate solution .
Gwaith Tim	Collaboration in preparation of group presentation.
Gwella dysgu a pherfformiad ei hun	Private study and time keeping.
Rhifedd	Use of and manipulation of quantitative data. Use of Refinitiv database
Sgiliau pwnc penodol	By following and participating fully in the module via attendance at lectures and seminars and reading the material set in the syllabus as well as reading around the subject matter.
Sgiliau ymchwil	Use of internet and web material as well as general use of the library. Use of Refinitiv database
Technoleg Gwybodaeth	Use of the internet resources; Use of Refinitiv database

Nodau

Mae'r modiwl hwn yn cydymffurfio a FfCChC Lefel 7