Currículo

Mercados Financeiros Internacionais MFI

Contextos

ECTS

6.0 (para cálculo da média)

Objectivos

This course intends to provide a broader perspective about international finance. Specifically, this unit course goal is to provide a comprehensive economic analysis of macro and microeconomic aspects of foreign exchange. We will focus on: - The analysis of the literature on the key financial markets, with emphasis on the foreign-exchange market; - The student will become familiar with the roles of the various market participants and the impact of their actions on financial markets.

Programa

- External Accounts - The Macroeconomic Meaning of the Current Account Balance - International financial markets - What Determines Exchange Rates? - Forward Exchange and International Financial Investment - Government Policies toward the Foreign Exchange Market - Internal and External Balance with Fixed Exchange Rates - Floating Exchange Rates and Internal Balance - National and Global Choices: Floating Rates and the Alternatives - The Structure of Trading: Market Structures - Liquidity Suppliers: Dealers - Liquidity Suppliers: Bid/Ask Spreads - The Microstructure of the Foreign Exchange Market - Exchange Rate Models: Macro to Microfoundations - Macro Puzzles: The Challenge for Microstructure - Microstructure and Central Bank Intervention - International Lending and Financial Crises

Método de Avaliação

The Normal Period Assessment is composed by four different elements based on Flipped classes: 1. A group of students will present a covered topic of the program in the respective planned week for that topic. The presenting group shall present the contents, review recent literature on the topics they are covering and present a set of questions to discuss in the classroom (30% of the final grade). Duration: 1h30 (maximum) 2. Another group of students will be responsible to discuss the presentation. The discussing group shall discuss the presentation and review relevant literature on the topics presented in that class that supports and that are against the supporting theory of the presented topics (20% of the final grade). Duration: 45 mins (maximum) 3. Individual participation: Each student is expected to participate in the several classes when occurring the presentations and the discussions (10% of the final grade). The remaining students that want to positively contribute with comments, questions, viewpoints will have 45 mins to interact with both presenting and discussing groups. No proper points will be attributed to students without added-value participations. 4. Individual exam with a duration of 2 hours (40% of the final grade) with the following structure: • 15 multiple choice questions; 4 options: 1 point for each corrected answer; -0.25 for each wrong answer; • 2 discussion questions: 2.5 points each questions based on the topics covered in the program. Resit Evaluation Period Individual exam with a duration of 2 hours with the following structure: • 15 multiple choice questions; 4 options: 1 point for each corrected answer; -0.25 for each wrong answer; • 2 discussion questions: 2.5 points each questions based on the topics covered in the program.

Carga Horária

Bibliografia

Não foi definida bibliografia principal

Disciplinas de Execução

2024/2025 - 1 Semestre

2023/2024 - 1 Semestre