International Finance

Kedge Business School · 2026

This course provides students with the tools to understand how international financial markets work and the key issues surrounding their regulation. Through theoretical models and academic papers, we examine topics including informational efficiency, financial crises, financial regulation, and behavioral finance.

A central focus is the Global Financial Crisis of 2008–2010 and how it challenged core ideas in financial economics, including risk diversification, informational efficiency, and asset valuation. The course uses these debates to critically examine the limitations of the dominant financial economics paradigm and to encourage a more responsible approach to the practice of finance.

No textbook. Reference: Mishkin, F.S. & Eakins, S.G. (2008), Financial Markets and Institutions, 7th ed., Pearson.

Course description and announcements are also on LEARN.


Sessions

Slides: Open the slides in your browser and use → / ← to navigate or O for an overview. A PDF version is available next to each session.

1 · The international financial system Slides · PDF

2 · The international financial system, continued To come

3–4 · Securities markets To come

5–6 · Financial institutions and firms To come

7 · Regulation Individual assignment

8 · Security analysis Group presentations, in groups of five

9 · Regulation To come

10 · Final examination

Readings

Please read each paper before the corresponding session.

Assessment

Individual assignment — 20% 20 minutes, no documents allowed Session 7

Group work, security analysis — 40% Groups of five, 12-minute presentation Session 8

Final examination — 40% Individual, written, documents allowed Session 10

A calculator is required for most sessions.

Announcements

Before session 2 Read Monasterolo (2020). Bring a calculator. Start thinking about a security you might analyze for the group work — a specific one, with a ticker.


The slides are built with Quarto; the source is on GitHub.

Last updated September 2026 · Hosted on GitHub Pages