SubjectsSubjects(version: 912)
Course, academic year 2022/2023
  
International Financial and Tax Environment - AB501013
Title: International Financial and Tax Environment
Guaranteed by: Department of Economics and Management (837)
Faculty: University of Chemistry and Technology, Prague
Actual: from 2020
Semester: summer
Points: summer s.:3
E-Credits: summer s.:3
Examination process: summer s.:
Hours per week, examination: summer s.:2/0, Ex [HT]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
Language: English
Teaching methods: full-time
Level:  
For type: Bachelor's
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Strouhal Jiří prof. Ing. Ph.D.
Is interchangeable with: B501013
This subject contains the following additional online materials
Annotation
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (10.12.2021)
The course deals with public finance and monetary economics. There is presented capital markets structure and capital market instruments. Within public finance part of module are discussed topics from tax harmonization deeply focused on selected direct and indirect taxes.
Literature
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (16.12.2021)

R: Schreiber, U. (2013). International Company Taxation. Berlin: Springer Verlag.

R: Richards, W.L. (2016). International Commerce – Financial and Taxation Law. Sarasota, FI: First Edition Design Publishing.

R: Mishkin, F.S. (2016) Economics of Money, Banking and Financial Markets, 11th Ed., Pearson

R: Mishkin, F.S., Eakins, S. (2018) Financial Markets and Institutions, 9th Ed., Pearson

A: Krugman, P.R., Obstfeld, M., Melitz. M.J. (2018) International Finance: Theory and Policy, 11th Ed., Pearson

A: GrantThornton (2019) IFRS Example Consolidated Financial Statements with Guidance Notes (available at https://www.grantthornton.global/globalassets/1.-member-firms/global/insights/article-pdfs/2019/example-financial-statements-report-2019-upd.pdf)

A: Gravelle, J.G. (2015) Tax Havens: International Tax Avoidance and Evasion, Congressional Research Service (available at https://sgp.fas.org/crs/misc/R40623.pdf)

Syllabus
Last update: Scholleová Hana doc. RNDr. Ing. Ph.D. (20.02.2021)

1.The International Financial System

2 Interest rates, money market, bond market

3 Stock market

4.Time value of money

5 Investment valuation, risk, portfolio valuation, CAPM model

6. Taxes – microeconomic and macroeconomic perspective

7. Fiscal policy

8. Issue of securities, capital structure and value of a firm

9. Translation Risk in International Businesses

10. Credit risk

11. Risk management and financial derivatives: futures, forwards, options

12. Financial institutions and financial crises, role of central banks

13. Central banks and monetary policy

14. International finance and monetary policy

Course completion requirements
Last update: Botek Marek Ing. Mgr. Ph.D. (17.01.2020)

There is expected an active participation during the semester. Final test covers theory as well as practical case studies.

 
VŠCHT Praha