Monetary Systems & Exchange Rates
level of course unit
Learning outcomes of course unit
Students should get clear understanding both of fundamental principles of the theory of international finance and of the most recent trends in the multinational financial management with a special focus on European financial system and its interactions with the world finance.
Recent history of national and regional monetary systems and the current state of International Monetary System and of its most important institutions will be presented.
Practical knowledge and skills regarding the modern methodologies and techniques for the determination of the Foreign Exchange Rates for the needs of multinational businesses will be acquired.
prerequisites and co-requisites
Some knowledge of elementary financial mathematics
1. History and Modern State of the International Monetary System
2. Modern International Monetary Theories
3. Foreign Exchange (FE) Markets and FE Derivatives Markets
4. Practical Methodologies for Determination of Exchange Rates
5. Risk Management in Foreign Exchange Business
recommended or required reading
1. “International Finance. A Practical Perspective”, Adrian Buckley. Pearson, 2012.
2. “International Finance for Dummies”, Ayse Y. Evrensel. Wiley, 2013.
3. “International Economics. Theory and Policy”, Paul R. Krugman, Maurice Obstfeld and Mark Melitz. Pearson, 11th ed., 2018.
4. “International Economics”, Robert C. Feenstra and Alan M. Taylor, Worth Publishers, 3rd ed., 2014.
assessment methods and criteria
language of instruction
number of ECTS credits allocated
eLearning quota in percent
planned learning activities and teaching methods
Presentation, discussion, single and group work, face-to-face
semester/trimester when the course unit is delivered
name of lecturer(s)
Dr. Vladimir Zenevitch
course unit code
type of course unit
mode of delivery