{"id":9168,"date":"2025-09-24T23:09:27","date_gmt":"2025-09-24T20:09:27","guid":{"rendered":"https:\/\/www.econ.uoa.gr\/?post_type=course&#038;p=9168"},"modified":"2026-04-17T14:31:34","modified_gmt":"2026-04-17T11:31:34","slug":"fin463-international-finance-semester-8","status":"publish","type":"course","link":"https:\/\/www.econ.uoa.gr\/en\/course\/fin463-international-finance-semester-8\/","title":{"rendered":"FIN463 - International Finance (semester 8th)"},"content":{"rendered":"<p><strong>Course description<\/strong><\/p>\n<p><strong>Course: INTERNATIONAL FINANCE<\/strong><\/p>\n<p><strong>Code:\u00a0<\/strong><strong>FIN<\/strong><strong>463<\/strong><\/p>\n<p><strong>Semester: B<\/strong><\/p>\n<p><strong>Teacher: G. Dotsis<\/strong><\/p>\n<p><strong>Description:<\/strong><\/p>\n<p>The aim of the course is to introduce students to the basic principles of operation of international money and capital markets and the international monetary system. The course content includes four thematic units:<\/p>\n<p>I. Exchange Rates (40%)<\/p>\n<p>II. International Bond Markets (20%)<\/p>\n<p>III. International Stock Markets (20%)<\/p>\n<p>IV. Risk Management (20%)<\/p>\n<p><strong>Contents<\/strong><\/p>\n<ul>\n<li><strong>Introduction to Foreign Exchange Markets<\/strong>: Spot and forward foreign exchange market, eurocurrency market, derivatives markets.<\/li>\n<li><strong>Determining Exchange Rates<\/strong>: purchasing power parity, uncovered and covered interest rate parity, monetary model, portfolio equilibrium model.<\/li>\n<li><strong>Exchange Rate Systems<\/strong>: Gold standard, Bretton Woods, floating exchange rate system, European Economic and Monetary Union.<\/li>\n<li><strong>Foreign Exchange Market Efficiency<\/strong>: Efficient market theory, efficiency testing using econometric models, carry trade strategies, Peso problem.<\/li>\n<li><strong>International Bond Markets<\/strong>: Bond valuation, yield curve, credit risk and inflation risk.<\/li>\n<li><strong>International Diversification and Portfolio Management:\u00a0<\/strong>CAPM model, international portfolio management, optimal diversification methods.<\/li>\n<li><strong>Derivative Products<\/strong>: Foreign exchange futures, call\/put options, foreign exchange swaps, credit default swaps.<\/li>\n<li><strong>International Portfolio Risk Management<\/strong>: Value at Risk, hedging of currency risk through the use of derivatives.<\/li>\n<\/ul>\n<p><strong>Teaching aids<\/strong><\/p>\n<p>International Finance, Type: Textbook, Keith Pilbeam, 2017, Utopia<\/p>\n<p>Global Financial Markets, Type: Textbook, Giddy Ian H., 1996, Papazisis<\/p>\n<p>Additional Teaching Manuals:<\/p>\n<p>Leventakis I.A. (2003) International Macroeconomics and Finance, Stamoulis Publications.<\/p>\n<p>Giddy IH (1994) Global Financial Markets, Papazisis Publications.<\/p>\n<p>Pilbeam K. (2006) International Finance, Palgrave Macmillan, 3<sup>rd<\/sup>\u00a0edition.<\/p>\n<p>Solnik, B., and D. McLeavey, (2004) International Investments, Addison Wesley<\/p>","protected":false},"parent":0,"template":"","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":""},"course-type":[67,92,86],"semester":[85],"class_list":{"0":"post-9168","1":"course","2":"type-course","3":"status-publish","5":"course-type-eleftheris-epilogis","6":"course-type-92","7":"course-type-86","8":"semester-85"},"acf":[],"_links":{"self":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course\/9168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course"}],"about":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/types\/course"}],"wp:attachment":[{"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/media?parent=9168"}],"wp:term":[{"taxonomy":"course-type","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/course-type?post=9168"},{"taxonomy":"semester","embeddable":true,"href":"https:\/\/www.econ.uoa.gr\/en\/wp-json\/wp\/v2\/semester?post=9168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}