International financial system 2104-L-D6MSFI
Course unit outline:
1. Introduction to finance - national vs. international financial system, financial intermediaries and classification of financial markets
2. The history of the international financial system: the gold standard, Bretton Woods, the modern 'ad hoc' international system
3 Global Financial Governance and its challenges
4 International financial institutions
Exchange rate regimes (IMF classification) 6.
6 International currencies
7 Monetary and financial integration
8. Financial crises (types, classification) & international debt
9. Sustainable finance & green bonds
10. Cryptocurrencies & digital currencies
11. Sovereign Wealth Funds (SWFs)
Prerequisites (description)
Course coordinators
Type of course
Mode
Term 2023L: Classroom | General: Self-reading Classroom | Term 2024L: Classroom |
Learning outcomes
KNOWLEDGE (K_W01; K_W02; K_W04)
1 has knowledge of the essence and function of money, its convertibility, factors determining the international rank and
use of national currencies in international economic circulation, has knowledge of the factors shaping the exchange rate,
basic mechanisms of exchange rate policy and the significance of the balance of payments in the financial relations of a country with
abroad
2 has a structured knowledge of the history and contemporary functioning of the international financial system
3 knows the importance of commercial banks in international financial relations, has knowledge of the settlement and financing of
foreign trade
4 has knowledge of the coordination of monetary and financial policy on an international scale, the cooperation of central banks, the mechanisms and
principles of monetary integration of the European Union, the role and significance of the International Monetary Fund and the World Bank Group
SKILLS (K_U01)
1 analyzes phenomena on international financial markets
2 identifies types of transactions in international finance: traditional, forward, currency speculation
COMPETENCES (K_K03)
1 is prepared to work as an analyst of international financial markets
2 is prepared for second degree studies
Assessment criteria
1. lecture attendance and quizzes on the classroom platform - 40 % of the final mark;
2. online coursework (2) - 60 % (3 x 20 %) of the final mark.
Practical placement
NA
Bibliography
B. Bernaś, Finanse międzynarodowe, Warszawa 2006;
K. Zabielski, Finanse międzynarodowe, Warszawa 2002.
Mishkin, F.S., The Economics of Money, Banking and Financial Markets, Tenth Edition, Pearson 2012;
Mishkin, F.S. & Eakins, S.G., Financial Markets & Institutions, Seventh Edition, Pearson 2012;
Madura, J., Financial Institutions and Markets, International Edition, Tenth Edition, South-Western 2012;
Ferguson, N., The Ascent of Money: A Financial History of the World, Penguin 2012.
Kindleberger, Ch.P. & Aliber, R.Z., Manias, Panics and Crashes: A History of Financial Crises, Palgrave Macmillan 2011.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: