International finance

This unit covers topics related to international finance, including exchange rate systems, exchange rate determination theory, and the management of firms' foreign exchange rate risk. It examines the importance of hedging and the challenges involved in assessing and managing such risks in a global context. The unit also covers hedging tools such as currency forwards, money market facilities, and options. Additionally, it explores the challenges of operating exposure and political risks associated with foreign direct investments, and includes an overview of cryptocurrencies.