ISCTE-IUL > Education > PGGB

Global Financial Markets (2 º Sem 2018/2019)

Code:	02218
Acronym:	02218
Level:	2nd Cycle
Basic:	No
Teaching Language(s):	Portuguese
Friendly languages:

Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.

Semester	ECTS Credits	Theoretical Lesson (T)	Theoretical and Pratical Lesson (TP)	Practical and laboratorial lesson (PL)	Seminary (S)	Field Work (TC)	Training Period (E)	Tutorial Orientation (OT)	Contact Hours	Autonomous Work	Others (O)	Total Load Hours [?]Contact Hours + Autonomous Work
1	6.0	0.0 h/sem	20.0 h/sem	0.0 h/sem	0.0 h/sem	8.0 h/sem	0.0 h/sem	2.0 h/sem	30.0 h/sem	120.0 h/sem	0.0 h/sem	150.0 h/sem


Since year	2015/2016
Pre-requisites
Objectives	The financial world and the banking system are strongly interconnected to economic activities, both at domestic and international levels, that Students should identify and explain to be able to manage their activities effectively, efficiently and in a focused fashion. To achieve that, Students should learn and explain the global financial system framework and network, and its impact in the banks? management. More recently, the financial crisis resulted in a change of paradigm, namely in profitability, financial stability, systemic risks, reduced availability of certain financing instruments, ?legacy? portfolios, and compliance issues. Within this environment, Students should be able to distinguish and leverage the global financial instruments, complemented by learning the importance of banking networking and relationship in the international arena, to achieve successfully their banks? objectives in an environment of change in the paradigm.
Program	The objectives encompasses: CP1. Global financial system a. International financial architecture b. Types of banks c. Regulation and supervision d. Environment i. Markets under pressure ii. Restrictions iii. Risk aversion iv. Risks mispricing e. Rescue of banking systems CP2. Financial instruments a. Securities markets i. Debt markets ii. Domestic and international iii. Hedge funds and private equity iv. Interest rates v. Ratings b. International banking i. Lending ii. Trade finance iii. Clearing c. Derivative products i. Foreign exchange and interest rates ii. Instruments d. Multilaterals i. Role and typology ii. Internationalization CP3. Banks a. Funding and risk management b. Interdependence c. Securitization CP4. Money and bond markets a. Domestic and international markets b. Instruments c. Counterparts d. Central bank e. Complex financial products CP5. Geopolitic a. Euro Zone b. Strategies
Evaluation Method	Individual component:80% Other components:20% (the class participation component cannot exceed 10%) Individual -Participation and debate 15% -Final Test 35% Group -Delivery (21 days after the classes' week) of a written document (approximately 5000 words) by teams of five Students about a subject within the scope of the financial system industry - 50% Success grade: minimum 10/20
Teaching Method	Acquire and develop cognitive, analysis and synthesis, research, critical and self-critical, in the scope of this learning unit and in compliance with the objetives, defined above. For the acquisition of these competences will be used, in the contact hours of this learning unit, a range of teaching methods (e.g., theoretical and theoretical and practical expositions; case study; role play sessions; etc.) that, in an articulated manner, allow the mastering of the above competences.
Observations
Basic Bibliographic	Valdez, S., and Molyneux, P., 2010. An Introduction to Global Financial Markets. Sixth edition. U.K.: Palgrave Macmillan. Silva, S., E., 2012. Dicionário de Finanças e Negócios Internacionais. Porto: Vida Económica.
Complementar Bibliographic	Heffernan, S., 2012. Modern Banking. Hoboken, N.J.: John Wiley & Sons, Ltd. Scott-Quinn, B., 2012. Commercial and Investment Banking and the International Credit and Capital Markets: a Guide to the Global Finance Industry and its Governance. NY, NY: Palgrave-MacMillan. Mishkin, F., S., 2013. The economics of money, banking and financial markets. Tenth edition. Reading, Mass.: Addison-Wesley. Law, J., 2008. A Dictionary of Finance and Banking. Fourth edition. N.Y., N.Y.: Oxford University Press. - WEBSITES/WEBSITES: Banco de Portugal, 2012. Relatório de Estabilidade Financeira - Novembro 2012. [On line]. Lisboa: Banco de Portugal, em: http://www.bportugal.pt/en-US/EstudosEconomicos/Publicacoes/RelatorioEstabilidadeFinanceira/Pages/RelatoriodeEstabilidadeFinanceira.aspx [accessed 17 January 2013]. IMF 2012. Global Financial Stability Report. A Report by the Monetary and Capital Markets Department on Market Developments and Issues; Executive Summary. Washington, DC: International Monetary Fund, at http://www.imf.org/external/pubs/ft/gfsr/index.htm [accessed 17 January 2013]. IMF, 2012. Global Financial Stability Report. A Report by the Monetary and Capital Markets Department on Market Developments and Issues; Executive Summary. Washington, DC: International Monetary Fund, at http://www.imf.org/external/pubs/ft/gfsr/index.htm [accessed 17 January 2013]. - PAPERS/PAPERS: The World Bank, 2012. Global Economic Prospects (Interactive) [on line], at: http://www.wsws.org/en/articles/2013/01/17/bank-j17.html [accessed 17 January 2013]. IMF, 2010. World Economic Outlook, April 2010. Washington, DC: International Monetary Fund, at: http://www.imf.org/external/pubs/ft/weo/2010/02/weodata/index.aspx [accessed 25 June 2011]