GRADUATE SCHOOL OF BUSINESS Year 2011/2 Special Term 2 BMA5321 INTERNATIONAL FINANCIAL MARKETS Instructor: Tel: Email: Office:

Dr Edward H K Ng Adjunct Associate Professor of Finance 65168727 biznhke@nus.edu.sg BIZ2 #03-24

MODULE DESCRIPTION This module seeks to provide an understanding of: The main building blocks of international financial markets Transaction mechanisms Crisis drivers and resolution initiatives PREREQUISITES As specified by Graduate School RECOMMENDED TEXT AND READINGS Text An Introduction of Global Financial Markets (IGFM), 6 th ed., Stephen Valdez & Philip Molyneux, Palgrave Macmillan, 2010 References International Financial Markets (IFM), 3rd, J. Orlin Grabbe, Prentice Hall, 1996 Global Capital and National Institutions (GCNI), Laura Alfaro, World Scientific, 2010 Managing International Financial Instability (MIFI), Fabrizio Saccomanni, Edward Elgar Publishing Ltd, 2008 ASSESSMENT METHOD Quizzes: 50% Project Written Report: 20% Project Report Presentation: 30% There will be 2 non-cumulative quizzes. The Project Written Report is no more than 30-page double-spaced paper to be submitted by a team of 3-4 on a critique of any recent attempt to fix the international financial architecture e.g. the rescue of Greece. One file copy (in Word or pdf format) is to be submitted by Session 12 5pm.

The Project Report Presentation is a 30-minute in-class presentation by each team. Depending on the number of teams, presentation will be over one or two weeks. Choice of presentation slot will be on a first-come-first-served basis. CLASS SCHEDULE Session 1&2 3&4 5&6 7&8 9 & 10 11 & 12 Topic Admin International financial markets development drivers Debt markets Equity markets FX markets Key financial institutions Monetary Authority of Singapore Bank for International Settlement Quiz 1 Global financial crises Challenges for emerging financial markets Project report presentations (tentative) Project report presentations Quiz 2 Visit to ISDA Readings IFM Ch 1, 2 & 3 MIFI Ch 2 & 3 IGFM Ch 6, MM Ch 12 & 13 IGFM Ch 7 & 8 IGFM Ch 10 , MM Ch 4 & 7 IGFM Ch 3 http://www.mas.gov.sg http://www.biz.org MIFI Ch 5, IGFM Ch 9 & 16 IGFM Ch 15, GCNI Pt 1, 2 & 3