International Finance 120181-D
Wykład (WYK) Semestr letni 2023/24

The notion of the foreign exchange market. Classification of financial markets.

Notion and types of exchange rate.

Exchange rate transactions.

Derivatives market.

National Income Accounting and the balance of payments.

Balance of payments - notion and construction.

Equilibrium of balance of payments.

Global payments equilibrium.

International monetary system - notion, functions. Gold standard system.

Monetary disorder 1914-1945 and Bretton Woods System.

Current monetary system - crisis 2007.

Proposals for a new international monetary system.

International monetary agreements and institutions.

European monetary integration.

Stabilisation and supervision of international monetary system.