Duration: 3 hours per week - 13 weeks [ECTS: 6]

Course outline

This course presents the financial environment in which modern banks are operating. Money and Capital market instruments are analyzed. More attention is paid on international development of banking activities. The following subjects are presented:
Part Α: The International Financial Environment
Introduction to Banking and the International Financial Markets (Financial Intermediation, the size and the physiognomy of banks, main risks that banks face)
Foreign Exchange markets
Interest rate Parities and Purchasing Power Parity Central bank Intervention in Foreign Exchange Markets Exchange rate systems (Floating vs. Fixed)
Part Β: International Money and Capital Markets
Money Market Instruments
Bond Market Instruments
The term structure of Interest Rates
Part C: International Banking
Bank structures Bank Regulation International Lending World Debt
Financial Crises
Derivatives and Risk management