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

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

F. S. Mishkin: The Economics of Money, Banking and Financial Markets

F. S. Mishkin, S.G.Eakins: Financial Markets and Institutions

R. A. Brealeay, S. C. Myers, F. Allen: Principles of Corporate Finance

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

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