International Finance

The goal of this subject is to provide students with the necessary knowledge in the field of international finance. In the past few decades, international finance have experienced fast and, at certain times, very fast development. National financial markets are increasingly losing the attribute of national and become part of the global financial market - the world market. Major financial and currency crises during the turn of the century drew attention to the problems that international finance are dealing with. Complex relationships in international finance that occur as a result of continuous technological development, financial globalization and financial integration of national economies set new tasks and demands before economic theory, which should respond to the various challenges and crises that the world is facing.

The main result of studying this subject is to acquire the necessary knowledge in the field of international finance. The acquired knowledge will enable students to be able to follow international financial flows, problems and crises in order to make quality business decisions both at the macro level and at the micro level.

Key thematic areas covered by the subject are: foreign currency exchange rates and currency markets; the evolution of the international monetary system; economic and monetary union; international financial institutions; international movement of capital; currency crises and speculative attacks; problems of indebtedness at the international level; economic and financial crises; loans and export insurance.

Lectures, exercises, discussions, seminar papers, case studies and consultations. During the lectures the numerous questions and problems of international finance will be analyzed, with the active role of students to freely express their views and opinions.

Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Jovanović Gavrilović, P. (2008). International Business Financing. Belgrade: Faculty of Economics; Kovačević, R. (2010). International Finance. Belgrade: Faculty of Economics; Pelević, B.; Vučković, V. (2008). International Economics. Belgrade: Faculty of Economics; Krugman, P.; Obstfeld, М. (2009). International Economics. Belgrade: Data Status; Salvatore, D. (2009). International Economics. Belgrade: CID (Centre for Publishing); Mishkin, F.; Eakins, S. (2005). Financial Markets and Institutions. Zagreb: Mate.