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

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