International Financial Management

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University of Central FloridaCollege of Business
AdministrationDepartment of Finance

• International Financial Management
• Professor Dr. Richard Ajayi
  
  E-mail
  rajayi_at_bus.ucf.edu
• Recommended Texts
• 1. Alan C. Shapiro, Multinational Financial
  Management, John
• Wiley 8th Edition, 2007. (ACS)
• 2. Eiteman, Stoneville Moffett, Multinational
  Business
• Finance, 9th Ed, Edition Addison Wesley,
  2007.
• 3. Eun and Resnick, International Financial
  Management, 4th Ed, 2007.

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• Other Readings
• 1. Donald R. Lessard, Ed., International
  Financial Management, 2nd ed., Wiley, 1985.
  (DRL)
• 2. Bruno Solnik, International Investments,
  Addison-Wesley, 4th ed., 2000. (BS)
• 3. Michael Melvin, International Money and
  Finance, 5th ed., Addison-Wesley, 1997. (MM)
• 4. Gunter Dufey Ian Giddy, The International
  Money Market, 2nd ed., Prentice Hall, 1994.
• 5. Robert W. Kolb, Ed, Intl Finance Reader, Kolb
  Publishing Company, 3rd ed., 1995. (RWK)
• 6. J. Orlin Grabbe, International Financial
  Markets, 3rd ed., Prentice Hall, 1996.

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• Sources of Current Information on
  International Finance
• The Wall Street Journal / Financial Times
• The Economist
• Federal Reserve Bulletin
• Euro-money
• Economic Times

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• Course Objective
• The course examines how access (and exposure) to
  different currencies and country environments, as
  well as international capital markets, affect the
  financial and investment decisions of the firm
  with international operations
• It extends the traditional analysis of corporate
  finance to a global environment.
  
• It feature lectures supplemented with discussion
  of cases, issues, current research, and
  problem-solving sessions.
  
• The link between theory and applications will be
  emphasized.

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• COURSE OUTLINE
• Introduction and Overview of Issues in
  International Finance
• International Financial Markets
  
  
• Foreign Exchange Market
  
• Eurocurrency, Eurocredit, and Eurobond
  Mkts.
• Parity Conditions in International Finance
  
  
• The Balance of Payments and International
• Economic Linkages
• International Monetary System, Exchange Rate
  Determination, and Exchange Rate Forecasting

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• Derivative Securities
  
  
• Forwards, Futures, Options and Swaps
• Foreign Exchange Exposure Definitions,
  Measurement, Management.
• Foreign Direct Investment Country Risk
  Analysis
  
• International Capital Budgeting Cost of
  Capital
• International Portfolio Diversification
• International Financing Vehicles
• International Banking and International Debt
  Crisis
• Emerging Issues in International Finance