University of Scranton
The Arthur J. Kania School of Management
Course Number: FIN 584
Semester: Fall 2014
Office: Brennan Hall 310 Instructor: Dr. John N. Kallianiotis
Office Hours: Tues.-Thurs.: 1:00 - 2:00 p.m.
Thursday: 5:30 - 7:00 p.m.
and by appointment
Telephone: 941-7577 and 941-4048
(I) Exchange Rate and International Financial Economics, by John N. Kallianiotis, Palgrave MacMillan, N.Y., 2013
(II) International Financial Transactions and Exchange Rates, by John N. Kallianiotis, Palgrave MacMillan, New York, 2013
1. Balance of Payments Adjustment: Macro Facets of International Finance Revisited, Edited by Augustine C. Arize et al., Greenwood Press, Westport, CT. 2000.
2. International Financial Markets, by Alan L. Tucker, Jeff Madura, and Thomas C. Chiang, West Publishing Company, New York, 1991.
3. The Wall Street Journal.
4. Additional articles will be put on reserve in our Library.
Description of Course:
This course is a detailed survey of the financial decision process in multinational corporations. Topics include the International Finance Environment, Exchange Rate Determination, Foreign Exchange Risks, Financing the Global Firm, Foreign Investment Decisions, Positioning of Funds, International Banking, Import and Export Financing, and other special topics on International Finance.
To give students a global view on Financial Management of Multinational Business and on World Financial Markets, Institutions, and Instruments. (Linked to KSOM’s Learning Goal #1A, 1B, and 4A, 4B).
To familiarize the students with the openness of the economies and the interdependence of the markets the ethical, social and justice issues in the international business environment. (Linked to KSOM’s Learning Goal #2A, 2B, 2C, and 5A, 5B).
To learn empirical research techniques useful for their future occupation or advanced studies by synthesizing and analyzing information. (Linked to KSOM’s Leaning Goal #3A, 3B, 3C).
I. The International Financial
(I) 1. History of Exchange Rate
(I) 2. The Foreign Exchange Market
(II) 1. The Balance of Payments and Exchange Rate
Exchange Rate Behavior
(I) 3. Foreign Exchange Rate Determination
(I) 4. Exchange Rate Forecasting
(II) 2. Exchange Rate and Parity Conditions
Exchange Rate Risk Management
(I) 5. Foreign Currency Derivatives
(I) 6. Foreign Exchange Risk and Its Management
Long-Term and Short-Term Asset and Liability
(II) 3. Financing the Multinational Corporation and Its
Cost of Capital
(II) 4. International Investment, Portfolio Theory,
and International Trade Financing
(II) 5. Political Risk and Foreign Direct Investment
V Special topics
2 (II) 6. The U.S. Dollar as an International Currency
Reserve and Its Value
7. European Union and Euro-zone
The class meets for 14 sessions of 2 hours and 40 minutes duration, plus a final examination.
Teaching Methods, Exams, and Assigned Readings:
There will be lectures, classroom discussions, homework assignments, and a group project on some original empirical research by using the literature, data, econometrics, and computers (Eviews program). A midterm exam will be on October 9th; the paper’s outline is due on September 25th; the first draft on November 13th; and the final paper is due on December 4th and the final exam will be on December 11th. Also a class presentation of the paper will be on the last day of the semester...
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