INTERNATIONAL FINANCE

This unit will provide you with an opportunity to learn the fundamental principles of international finance. The world has witnesses the large-scale flows of financial assets from country to country. The international financial markets have become more and more integrated. Economic activities have been taking place well beyond the borders of national economies, and financial investors operate on a world scale and their operations technically happen 24/7. My visits to London; Paris; New York; Toronto; Los Angeles and other North American and European cities have confirmed that financial market operates 24/7. Investors in New York can place an order to buy 100 million Australian dollars while Sydney-based investors are in the shopping malls. As usual, benefits generally go together with costs. This unit will provide a solid understanding of how the risks involved can be minimised and/or eliminated. The central theme of this unit is to identify the determinants of the capital flows; the associated prices; the risks involved; and the techniques to reduce/eliminate those risks.