Global Financial Markets
- Module Code:
- 155901499
- Credits:
- 15
- FHEQ Level:
- 6
- Year of study:
- Year 2 or Year 3
- Taught in:
- Term 2
The objective of this module is to provide students with a firm understanding of financial global markets. The module aims to focus on;
- the role of finance in economic development;
- the relevance of different financial system structures;
- European Monetary and Economic Union;
- exchange rate market;
- the role of euromarkets;
- why financial innovation takes place, how it can pose problems for financial regulators and how regulators can cope with this problem in national, regional and global level;
- theoretical overview of financial liberalisation;
- international capital mobility and exchange rates volatility;
- financial crisis and its consequences.
Objectives and learning outcomes of the module
Upon successful completion of this module a student will be able to:
- Understand bank-based and market-based financial systems
- Understand the costs and benefits of being a monetary union member
- Understand forwards, futures, spots, exchange rate risk, hedging and currency swaps
- Understand shadow banking and securitisation
- Unow macro and micro prudential regulation structures
- Understand the financial repression and consequences of premature financial liberalisation,
know why credit markets may fail
Method of assessment
- 60% exam
- 30% essay
- 10% tutorial tasks
Suggested reading
TBC