Global Finance for Managers: Navigating the Global Finance Environment

You will obtain an understanding of the global economic and financial environment in which multinational managers operate.

Details

January 31, 2018

$395

Course runs from 8 a.m. – 12 p.m.

Registration fee includes course materials, campus parking, and catered breakfast.

This class is part of the Finance Certificate Program.

 

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Maps & Directions

Course Objective

To provide analysis and understanding of the global economic and financial environment in which multinational managers operate.

Topics

  • Foreign exchange market: how currencies are traded globally; exchange rates; recent developments
  • International Monetary Systems: different types of exchange rate arrangements and how currencies are managed by governments; fixed versus floating exchange rates and effects on firm planning and risk management
  • Global payments imbalances and political sensitivities: why some countries have surpluses and others deficits in trade balances and implications for policy
  • Interest rates and exchange rates: what affects returns on international investment
  • Prices and exchange rates: what determines global competitiveness in merchandise trade
  • Hedging foreign exchange risk: how firms manage their exposures to uncertain future exchange rates
  • Transfer pricing: how firms price goods and services traded between international subsidiaries
  • International portfolio investment: how is it different from purely domestic portfolios and what are the benefits and costs
  • Direct foreign investment: how firms decide whether to buy or build it themselves when establishing a subsidiary in a foreign country
  • International lending and borrowing: pricing international loans and country credit risk analysis

Participants

Ideal participants would be those employed by firms with international operations, customers, or suppliers.  Participants will benefit from a deeper understanding of international finance and how it affects their firm. 

Instructor

Michael Melvin, Rady School of Management, U.C. San Diego

Michael Melvin joined the Rady School in 2016 to teach and coordinate the new Master of Finance program.  Prior to his return to academia, he spent many years at BlackRock and Barclays Global Investors (BGI). At BlackRock and BGI, he led research-oriented currency and fixed income investment teams. Most recently he was a Managing Director in the Multi-Asset Strategies Executive Group where he was Senior Research Advisor, working with investment teams around the globe. Prior to that he was Head of Fixed Income and Currency Research in a global macro hedge fund. He joined BGI as Head of Currency Research and was in charge of currency hedge funds. Until joining UCSD, he also taught a class on modeling currency markets in the Master of Financial Engineering program at U.C. Berkeley. Prior to joining BGI in 2005, he was Professor of Economics and Dean's Council Distinguished Scholar at Arizona State University. He was a Fulbright Scholar in Germany and a visiting scholar at the Federal Reserve Board, the Bank for International Settlements, and the International Monetary Fund.  He has been a visiting professor at the Kellogg School, Northwestern University; Anderson School, UCLA; University of Frankfurt; and University of Munich.