International Currency and Banking Markets

Course aim

To introduce students to the financial markets relevant to the conduct of international financial transactions, and to the financial systems of the world’s major economies.

Course content

The international financial environment, markets and instruments of international finance; types and characteristics of the key financial markets affecting foreign exchange transactions; the spot, forward, eurocurrency and eurobond markets; the macroeconomic risk environment facing the firm; the impact of economic policy decisions on key international financial variables; the parity conditions; models of the exchange rate; the identification, measurement and management of international financial risk at the level of the individual enterprise; the distinction between risk management and speculation in international finance; the use of forwards, futures, options, swaps and other derivatives in the risk management process; the foreign investment and financing decision.

Textbook(s)

Madura, J, Hoque, A & Krishnamurti, C 2022, International financial management, 2nd edn, Cengage Learning, Australia (Asia Pacific Edition)

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ECON 1007	Macroeconomics

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Lecture	2 hours x 10 weeks
Lecture (Virtual)	2 hours x 10 weeks
Tutorial	1.5 hours x 8 weeks
Computer Practical (Finance Trading Lab)	1.5 hours x 2 weeks
EXTERNAL, CITY WEST, ONLINE
External	35 hours x NA
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Workshop	35 hours x NA

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Problem solving exercise

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.