This module helps participants to develop a first understanding of international finance and is thus beneficial for every manager in a firm with international exposure, not only for financial managers. This module contrasts operational hedges and financial hedging strategies used in managing foreign exchange risk.
Fluctuating exchange rates can affect the competitive position of firms. Companies that export a significant part of their products or services bear the risk of an increasing value of the domestic currency, where as importers are afraid of decreasing rates. Currency risks, however, not only affect firms that are engaged directly in international trade, but also purely domestic firms (e.g. suppliers). Furthermore, the search for financial funds no longer stops at the water’s edge. Consequently, this module seeks to provide a conceptual framework within which the key financial functions of the multinational corporation can be analysed.
Dates 2016: Thu 08/09 (2pm-6pm) and Fri 09/09 (9am-6pm)
Professionals and Executives
1.650 € for the Module
This module is part of our International Business Programme (IBP). It can be taken separately or joined with other modules.
›› You will understand the meaning of international financial markets for corporate decision-making in a globalised world
›› You will be able to make international capital budgeting and financing decisions by accounting for political and country risk factors
›› You will understand the economic intuition behind changes in exchange rates through the interplay of interest rates, inflation levels and exchange rates
›› You will be able to discuss the conceptual and managerial analysis of economic exchange exposure
›› Foundations of international financial management– rise of the multinational corporation, internationalisation of financial markets and financial management
›› Multinational capital budgeting – capital structureand the cost of capital, international capital budgeting
›› Measuring and managing foreign exchange exposure– forwards, futures, options and swaps
“The professors made a difficult subject very interesting – they got the class involved.”