0915 - ECONOMIA DEL MERCATO MOBILIARE (INTERNATIONAL FINANCIAL MARKETS) (INSEGNAMENTO IN LINGUA INGLESE) [SECURITIES MARKETS (INTERNATIONAL FINANCIAL MARKETS) (TAUGHT IN ENGLISH)]

Presentazione generale del corso:

The course provides an integrated approach to the study of the structure and evolution of international financial markets. An analysis of the macro-economic scenario provides the context within which international financial instruments, markets and institutions are discussed. The course is aimed at satisfying the CEMS SP 2 requirement. This course may also interest those students who wish to study contents similar as those of courses 917 "Economia degli intermediari finanziari (Processi di internazionalizzazione)" and 918 "Economia del mercato mobiliare (Mercati finanziari internazionali)" but in English.

Programma del corso:

The process of internationalization of financial systems

• The macro-economic framework.
• The issue of regulation.

The foreign exchange market

• Organization of the market.
• Spot and forward transactions.
• Derivatives.

The euro-currency markets

• Historical evolution.
• Present organization.

Euro-bonds and foreign bonds

• Primary markets.
• Secondary markets.

Euro-loans

• Syndication.
• Floating rate.

International commercial and investment banking

• Strategies and organizational formulas.
• Products and customers.

Testi d'esame:

• R. LEVICH, International Financial Markets, McGraw-Hill, 1998 (esclusi capp. 6, 7, appendici).

Prove d'esame:

Final grades will be assigned on the basis of a combination of written and oral examinations.