Certificate In International Finance
This seminally vital subject focuses on the interrelationships among aggregate economic variables such as GDP, unemployment rates, inflation rates, trade balances, exchange rates, interest rates, and return on investment. Students will discern technical ways in which international financial development spurs growth under favorable conditions and how associated capital inflows from abroad generate enhanced productivity. The first two courses of the certificate can be taken concurrently. Each course spans seven weeks. At the conclusion of the certificate, participants will be tasked to construct a comprehensive sovereign analysis from a pre-approved capstone list.
Click on each course title for a detailed description below:
International Corporate Finance
Participants will explore the importance of multinational institutions in explaining global differences within corporate finance as well as study corporate ownership structures found in developed and emerging market economies. Particular emphasis will be placed on the determination of exchange rates, the management of foreign exchange risk with forwards, futures, options and swaps, exchange rate forecasting, the evaluation of international investments, the causes and consequences of currency crises, & international cash management.
International Banking
This course will carefully profile the characteristics of the international banking system and the role of intermediation, as well as the implications of recent structural changes for bank management and external corporate control. A framework of banks’ sources of funding and how the environment after the 2007–09 credit crisis transformed their funding choices will be provided. Moreover, participants will seek to distinguish overall banking strategy and implementation failings that have given rise to financial institutional failure and to assess the net regulatory burden faced by the banking industry. Bank balance sheet management and money market operations as well as liquidity ratios and capital adequacy ratios will be closely studied.
International Investment
Funding investment abroad has increasingly become an inflection point within the global business development milieu. We will examine the cost of funding and how this varies according to the composition and depth of international capital markets. Agency costs, asymmetric information, taxes, and political stability issues will be considered before arriving at how to appropriately select sound financing vehicles.” Factors favoring cross-border M&A and barriers to takeovers will be reviewed before examining the alternative—M&A or partnership? Recent developments in M&A activities and public-private partnerships will be pedagogically presented.
Case Study: Country Analyses for Foreign Investment
Participants in this course will work in collaborative teams and select a well-developed or emergent country in order to author a comprehensive sovereign financial analysis in the form of a formal written report as well as a concluding oral presentation. This end-product can then be used strategically as reference material or as a methodologically-refined professional work sample during a future interview process.
10% discount will be applied for candidates that settle the full cost of the certificate program in advance!
