International Financial Markets 4003-115mrf
The objective is also to present to students the way in which transformation, integration and globalization of the world economy have progressed in recent decades.
In addition, the processes of capital flows on international markets will be assessed, namely their primary forms: direct investment, portfolio investment and bank capital.
Particular attention will be paid to the integration of financial markets in the EU, sources and consequences of the financial crisis that started in the global financial system in 2007 and the assessment of the post-crisis form of the international monetary and financial system.
• Institutions, markets and instruments making up the financial system will be discussed.
• The relationship between the financial market and the commodity market will be presented.
• The methods of financing economic activity and opportunities for organizations to exploit the potential of the international market will be shown.
• The liberalization process driven by progressive regional economic integration that makes the national financial market a part of the regional and global financial market with all its positive and negative effects will be characterized.
the lecture attendance - 30 h
preparation to the lecture - 30 h
preparation to the exam - 30 h
total - 90 h
Knowledge acquainted during the course should allow students:
– independently analyse and indicate logical dependencies and relationships between: national economy-financial market / national economy-public finance-international financial market / economic policy of the state-international financial market / organization on the national market and the international financial market,
– recognize the architecture of the national and international financial markets as regards their operators, instruments and role,
– explain definitions of the financial market components and instruments,
- assess the role of the international financial market and its impact on the funding of organizations and financial needs of the national economy, and know/identify logical consequences of these relationships.
Written exam evaluating causal thinking skills, critical analysis of economic and financial phenomena.
• Górski M., Rynkowy system finansowy, Warszawa: PWE, 2018
• Sławiński A. Rynki Finansowe, Skrypt
• Wyzwania integracji ze strefą euro, NBP, 2014,
• Mechanizmy funkcjonowania strefy euro, NBP, 2010
• Europejska integracja monetarna, NBP, 2009
• Grosse G., T., Systemowe uwarunkowania kryzysu w strefie euro
• Tchorek G. Źródła kryzysu a nowe rozwiązania instytucjonalne w strefie euro, Czasopismo FINANE, Komitet Nauk o Finansach PAN, 2014, http://www.knfpan.pan.pl/index.php/36-uncategorised/108-numer-1-7-2014-czasopisma-finanse
• Tchorek G. Nierównowagi fiskalne i makroekonomiczne a nowe rozwiązania w strefie euro, MBA, 2013, http://journals.indexcopernicus.com/abstract.php?icid=1056018
Information on level of this course, year of study and semester when the course unit is delivered, types and amount of class hours - can be found in course structure diagrams of apropriate study programmes. This course is related to the following study programmes:
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: