ECTS : 3
Description du contenu de l'enseignement :
The module begins with an overview of the institutional characteristics of the foreign exchange market and subsequently examines the fundamental determinants of exchange-rate dynamics. Emphasis will be given to the implications of these outcomes for exchange rate forecasting, international diversification and investment decisions.
Compétence à acquérir :
The aim of this module is to provide a thorough foundation of the key concepts in international finance with a focus on exchange rate economics. By the end of the course the students will be familiar with both the theoretical models and the empirical evidence regarding exchange-rate behaviour.
Mode de contrôle des connaissances :
The module is assessed via an assignment (30%) and final exam (70%).
Bibliographie, lectures recommandées :
Suggested Textbooks:
Bekaert, G. and R.J. Hodrick (2009). International Financial Management. New Jersey: Pearson Education.
Sarno, L. and M.P. Taylor, (2005), The Economics of Exchange Rates, Cambridge University Press.