Course Objectives.

• Be familiar with markets and linkages in international financial management
• Understand exchange rate systems and policies
• Understand how to use forward exchange markets and money market hedging
• Understand corporate uses and corporate abuses of currency derivatives
• Understand abuses of options and other derivatives
• Understand commodity-linked financing
• Be familiar with currency risk
• Be familiar with new approaches of risk management:
• Be familiar with international taxation and transfer pricing
• International Capital Budgeting
• Understand the cost of capital in the international firm
• Understand swap financing techniques

Course Outline.

• Markets and Linkages in International Financial Management
• Exchange Rate Systems and Policies
• Using Forward Exchange Markets and Money Market Hedging
• Transactions Hedging
• Corporate Uses and Corporate Abuses of Currency Derivatives
• Abuses of Options and Other Derivatives
• Commodity-Linked Financing
• Currency Risk: Accounting vs Economic Exposure
• Risk Management: New Approaches
• International Taxation and Transfer Pricing
• International Capital Budgeting
• The Cost of Capital In the International Firm
• Optimal Financing--Project Evaluation
• Bank Financing and the Money Market
• Swap Financing Techniques
• Long Term Financing with bonds
• Long Term Financing with bonds and Hybrid Instruments
• Integrated Financing Decisions: From "How Much Debt?" to "What Kind of Debt?"