International Financial Management 223501-D
Wykład (WYK) Semestr zimowy 2024/25

Introduction to Multinanational Bussines Finance. Evolution of the international monetarny system.

Motivations for international bussines. Theories of MNCs. Foreign investment decisions. Decision Case.

Foreign Exchange rate market Speculation and arbitrage. Purchsing Power Parity and Real Exchange rates. The balance of payments.

Foreign exchange risk and exposure. Transaction, translation ane economic exposure. Forecasting exchange rate.

Internal and external techniques of exposure management. Netting, matching, leading and lagging. Pricing policy.

Hedging techniques. FX futures and options. FX swaps.

Interest rate risk management. Interest rates futures, options and swaps. Decision case.

Financing International Trade. Terms of payment for international trade.

Financing international Trade (cont.): leasing, factoring, forfeiting. Agencies that motivate international trade.

Financing the multinational companies and its subsidiaries. Capital and ownership structure.

Multinational capital budgeting. International acquisations.

International portfolio investments. Global pisk diversification. Choince of optimal international portfolio.

Controlling international corporate operations. Multinational taxation. Transfer pricing.

Working capital management. Constrains on positioning funds. Managing international cash balances.

Reports presentations. Final test.