Global Mkts, Instruments Inst

3 Credits · Level: Graduate, Undergraduate

Global Financial Instruments and Institutions builds upon and extends the material from the basic financial information that is developed in the Foundations Boot Camp. The course will examine and build on these tools to help participants gain a clear understanding of finance from the perspective of a financial executive if an international firm or an international investor using the global capital markets. The course will be concerned with understanding the international finance environment and the implication of exchange rates on firm value and investments. This includes the understanding of the determinants of exchange rates and the international currency markets, including institutional structures and underlying economics. Risk transfer tools are extremely powerful and not always appreciated tools in finance. We introduce forwards, futures, options, and swaps and show how they can be used to both reduce or take on risk. The focus on risk management will include hedging practices of international firms.