This course approaches the topic of international finance from the different perspectives opened by the different subfields of economics. It provides an introduction to market finance, to financial microeconomics, and to monetary macroeconomics at the same time. The matter is divided into three parts. Part 1 presents the basic notions of finance: credit instruments and the principles of discounting, interest rates and their setting, equities and their pricing, derivatives and their design. Part 2 develops the concepts of money and banking, their nature, their evolution, as well as their management and regulation. Eventually, Part 3 focuses on the structure of the international monetary and financial systems, as well as on the geography of global capital flows. The goal of this teaching is to provide students with an overall understanding of the nature of the instruments traded on financial markets, of the working of the financial sector, as well as of the architecture of the global financial infrastructure.
- Enseignant: STEFANO UGOLINI