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1、LOGOLOGOTheOverviewofInternationalFinanceCHowmuchdoyouknowaboutinternationalfinance?TheoriesofinternationalfinanceForeignExchangeTransactionsInternationalFinancialMarketsInternationalcurrenciesuWhatisInternationalfinance?TheOverviewStep1Step2Step3 1. What is International finance? 2. Why we study in
2、ternational finance ? 3. Introduction of International Finance course 1.WhatisInternationalfinance?International finance is the branch of economics that studies the dynamics of exchange rates, foreign investment, global financial system, and how these affect international trade. It also studies inte
3、rnational projects, international investments and capital flows, and trade deficits. It includes the study of futures, options and currency swaps. International finance is a branch of international economics.TheoriesofinternationalfinanceImportant theories in international finance include the Mundel
4、l-Fleming model, the optimum currency area (OCA) theory, as well as the purchasing power parity (PPP) theory. Whereas international trade theory makes use of mostly microeconomic methods and theories, international finance theory makes use of predominantly macroeconomic methods and concepts.2.Whywes
5、tudyinternationalfinance?Globalization is rapidly emerging. Emergence of worldwide financial markets and better access to external financing for borrowers. By the early part of the 21st century more than $1.5 trillion in national currencies were traded daily to support the expanded levels of trade a
6、nd investment. Realization of a global common market, based on the freedom of exchange of goods and capital.MultinationalcorporationA multinational corporation (MNC) or enterprise (MNE), is a corporation or an enterprise that manages production or delivers services in more than one country. It can a
7、lso be referred to as an international corporation. Some multinational corporations are very big, with budgets that exceed some nations GDPs. Multinational corporations can have a powerful influence in local economies, and even the world economy, and play an important role in international relations
8、 and globalization.MultinationalcorporationMNCs organize this operation in different countries through any of the following five alternatives:1. Branches 2. Subsidiaries 3. joint venture company 4. Franchise holders 5. turn-key projectsChinasrapideconomicdevelopmentChina since 2010 ranks as the worl
9、ds second largest economy after the United States. It is one of the worlds fastest-growing major economies, with consistent growth rates of 5% - 15% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. China became the worlds top manufacturer
10、in 2011, surpassing the United States . 3.IntroductionofourcoursesInternational Finance is a basic course of Finance, International Trade and International Business. This course refers to the basic knowledge and principles of international finance, including foreign currency and exchange rate, excha
11、nge rate determination, balance of payments, international reserve, currency crisis theory, the theory of optimum currency areas etc. TheOverviewofInternationalFinanceInternational financeIt is a basic course of Finance, International Trade and International Business.International International capi
12、tal movementscapital movements Interest Rate Interest Rate ParityParityForeign currencyExchange Exchange raterate laying the foundation for later laying the foundation for later courses.courses.TherelationswithInternationaleconomicsInternational economics is concerned with the effects upon economic
13、activity of international differences in productive resources and consumer preferences and the institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries, including trade, investment and migration.
14、Themainbranchofinternationaleconomics International tradeInternational trade International monetary economics International monetary economics International financeInternational financeInternational trade studies goods-and-services flows across international boundaries from supply-and-demand factors
15、, economic integration, international factor movements, and policy variables such as tariff rates and trade quotas. International finance studies the flow of capital across international financial markets, and the effects of these movements on exchange rates. International monetary economics and mac
16、roeconomics studies money and macro flows across countries.ResearchfocusRMB internationalization Chinas foreign exchange reserves policy The reform of international financial institutions International financial regulation Balance of paymentsOur Objectives and TargetsuObjectivesuStudents will have a
17、 comprehensive, systematic understanding of the basic knowledge and principles of international finance, laying the foundation for later courses.uTargets1.Understand the basic knowledge of international finance2.Master the basic principles of international finance3.Be familiar with the operations of
18、 international financeChapter5:InternationalcurrenciesCurriculumArrangements(1)Chapter1:TheoriesofinternationalpaymentsChapter2:BasicknowledgeofforeignexchangeandexchangerateChapter3:PurchasingpowerparitytheoryChapter4:InterestRateParityTheoryChapter10:Short-terminternationalcapitalmovements&HotMone
19、yCurriculumArrangements(2)Chapter6:InternationalReserveChapter7:Internationalmonetarysystem&ExchangeratesystemChapter8:MonetaryCrisisTheoryChapter9:TheoriesofOptimumCurrencyAreasChapter15:HowdoestheopenmacroeconomyworkCurriculumArrangements(3)Chapter11:Long-terminternationalcapitalmovements&FDIChapt
20、er12:ForeignExchangeTransactions：ForwardsandFuturesChapter13:ForeignExchangeTransactions：Options&SwapsChapter14:InternationalFinancialMarketsFinalResults:AttendanceAttendanceFinalExamFinalExamFinalExam(50%)+Participation(50%,testsandassignments+Attendance+GroupDiscussion)TestsandTestsandassignmentsa
21、ssignmentsGroupGroupDiscussionDiscussionReferences:1.Imad A. Moosa. International Finance. 2nd Edition. Translated by Xiaohong Lian. Renmin University of China Press, 20082.Yajie Wang. International Finance. Tsinghua University Press, 20063.Other related references.References:Mailbox: Password : 2011swufeLOGOLOGO
