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: unlimited / unknown (unknown)
Min. number of students: unlimited
Language: English
Teaching methods: full-time
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
Examination dates   
This subject contains the following additional online materials
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

A: Gravelle, J.G. (2015) Tax Havens: International Tax Avoidance and Evasion, Congressional Research Service (available at

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.