International Corporate Finance

COURSE OVERVIEW
This course covers issues in international corporate finance, i.e., the financial operations of a firm in a
multinational environment, as well as relevant topics in international financial markets. The language of the
course is English.

LEARNING OBJECTIVES
The main objectives of this course are:
• Understand the structure and functioning of the international capital markets.
• Understand the role of exchange rate risk in a firm’s international financial operations.
• Gain the ability to evaluate which risks to hedge, and which to bear in a multinational setting.
• Be able to estimate the international cost of capital and use it in capital budgeting decisions.
• Understand the process of financing international financing operations.
The methodology employed in this course is based on Lecture notes and discussions during theoretical and
practical classes. The students will engage with several evaluation components to ensure the continuous
learning process.

COURSE CONTENT
1. Introduction to Multinational Firms
2. Interest rates and Exchange rates
3. Currency Futures, Options and Swaps
4. International Arbitrage and Interest Rate Parity
5. International Monetary Systems
6. Measuring and Managing Exchange Rate Risk
7. Capital Budgeting Decisions
8. Firm Valuation
9. The Cost of Capital for Foreign Investments
10. Cross-Border Valuation
11. Managing The Internal Capital Markets of Multinational Corporations