Description du contenu de l'enseignement :
- Foreign Exchange Market Structure
- Real Exchange Rate and Purchasing Power Parity
- Exchange Rate Determination
- Currency Risk Management and Hedging Instruments
At the end of this module, the student will have a thorough foundation of the key concepts and a solid understanding of selected topics in international finance. In particular, the student (1) will be acquainted with the main theoretical models used to understand FX markets, (2) will be able to understand the impact of economic events on currencies, (3) will be able to explain how FX markets actually work in practice, and (4) will be familiar with the basics about currency trading.