International Finance Instruments

Aims of the course

- To develop basic knowledge about instruments and techniques that are being used in managing financial risks in international business
- To acquint student with basic instruments that are being used in international business, primarily with export financing instruments
- To train students how to use theoretical knowledge about international financial instruments in their practical work with these instruments

Course syllabus

1. International financial environment
1.1. Balance of payments and exchange rates
1.2. International parity conditions
1.3. Imternational monetary system
2. Specific risks in international finances and their management
2.1. Foreign exchange risk
2.2. Country risk
3. Main instruments of export financing
3.1. Supplier credit
3.2. Buyer credit
3.3. Credit line
4. Specialized international trade instruments
4.1. Forfaiting
4.2. Countertrade
5. Financial instrument on international financial markets
5.1. Syndicated loan
5.2. Eurobond
5.3. Equity instruments
6. Project finance
7. Institutions aimed specifically at export financing
7.1. Export credit agencies
7.2. International financial institutions

Course director(s)