International financial management

llsms2029  2022-2023  Louvain-la-Neuve

International financial management
5.00 credits
30.0 h
Q2
Teacher(s)
Language
English
Main themes
This course provides a deep analysis of the risks : market, credit and exchange rate. It proposes to measure them and hedge them. The course deals with the different measures for volatility and correlations and how optimal portfolio allocation can decrease the risk via diversification.  Systemic risk and its different measurement will also be considered. The course relies on quantitative approaches.
Learning outcomes

At the end of this learning unit, the student is able to :

1
Having regard to the LO of the programme, this activity contributes to the development and acquisition of the following LO
  1. Have a good understanding of the major concepts and topics of international finance
  2. Be able to examine factors encountered by finance managers of multinational corporations in making financing and investment decisions with a global perspective
On successful completion of this program, each student will acquire the following skills :
  1. Corporate citizenship
  2. Communication and Interpersonal skills
  3. Critical thinking skills
  4. Teamwork and leadership
 
Content
  • Credit risk
  • Interest rate risk
  • Currency risk
  • Spot foreign exchange markets and forward contracts
  • Future contracts and currency options
  • Interest rate and currency swaps
  • Measuring and managing FX exposures
Teaching methods
Lectures, Case Studies, Presentations
Evaluation methods
Evaluation continue /Continuous evaluation
 
  • Date: No
  • Type of evaluation: Assignment, Case Study, Presentation, Report
  • Comments: No
Semaine d’évaluation /Evaluation week
 
  • Oral: No
  • Written: No
  • Unavailability or comments:
Session d’examens /Examination session
 
  • Oral: No
  • Written: No
  • Unavailability or comments:
Other information
LECTURE SCHEME (INDICATIVE)
Introduction to International Financial Management
Understanding the international environment: Country risks, Banking risk, Economical and geopolitical risks
The time value of Money – Interest rates – Bonds – Yield to Maturity - Inflation
Interest Rate Exposure Management
Foreign Exchange Exposure Management
International Trade Finance: short term and long term type transactions (financing, structuring)
International Cash Management: payments, cash pooling
International Financial Markets
- Equity Capital Markets
- Debt Capital Markets
-Bank financing
International Tax considerations and how they impact International Financial Management
Bibliography
D. D. Wu Quantitative Financial Risk Management Springer
Slides posted in Moodle
Faculty or entity


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Master [120] in Management

Master [120] in Business Management

Master [120] : Business Engineering

Master [120] in Management

Master [120] : Business Engineering