I teach the International Financial Management sequence at the Ross School of Business.
The purpose of this sequence is to provide the conceptual and analytical framework required for understanding how
changes in international financial conditions influence the decision-making process of business leaders in the corporate
and capital markets arenas.
In the first course of the sequence (FIN 612: Currency Markets), we focus on the major characteristics, institutions,
and players of the exchange rate markets. In particular, we consider the interaction between cross-border trade, capital flows,
interest rates, inflation, monetary and fiscal policies, economic growth, exchange rate regimes, Central Bank interventions,
and currency crises, and their impact on financial investment and corporate decision-making.
In the second course of the sequence (FIN 614: Global Capital Markets), we focus on the major
characteristics, institutions, and players of the international stock and bond markets. In particular, we examine the
opportunities presented in those markets by such liquid assets as currencies, equities, bonds, swaps, and other
derivatives for achieving risk management, asset allocation, capital budgeting, and financing objectives. We also attempt
to explain and interpret the recent wave of international financial crises affecting the global capital markets.
The sequence is tailored to students seeking careers in international banking and
portfolio management or in finance and strategy for domestic and multinational corporations.
Please look at my class blog on LinkedIn for insights and commentary on International Finance:
International Finance on LinkedIn
I also teach a PhD topics course titled Topics in Trading and Price Formation.
A vibrant research (variously labeled as Financial Markets, Information Economics and Markets, or, more narrowly, Market Microstructure)
analyzes, both theoretically and empirically, the impact of important (yet often ignored) trading frictions on the process of price formation
in domestic and international financial markets (for equity, government and corporate bonds, currency, and real estate, among others).
The main goal of this course (FIN 872: Trading and Price Formation) is to motivate students to pursue theoretical and
empirical research in this exciting area of Financial Economics.
