Eiichiro Kazumori

Understanding the forces that affect the relative value of currencies in international markets, covering the major problems encountered by the firm in financing international operations.

Valuation and practical application for both hedging and speculation. Topics include the characteristics of options, forward contracts, futures, and swaps; arbitrage and the valuation of derivatives; creating value and profit diagrams; and the structure of the derivatives markets. Ethical and economic issues associated with the use of derivatives s reported in the current financial press are also covered.

Analyze major issues in the financial management of financial institutions. Especially, the concepts and techniques required for the successful management of firms will be discussed. The course will get into some institutional detail by analyzing the interplay between (changes in) regulation and innovation, and their joint effects on the organizational structure of financial institutions. The main focus, however, be on concepts rather than institutional details.