KIZILDENIZ-International Finance

International Finance

What is the specialty of International Finance:

A programme that prepares personnel for the management of international financial operations and related currency transactions. Includes instructions in international banking services, international monetary and financial policy, capital and capital markets, foreign exchange, risk analysis and international cash flow operations.

History of International Finance specialization:

The idea of paper currency was founded just over a thousand years ago in China during the Yuan, Tang, Song and Ming dynasties. In the Tang dynasty there was a high demand for coins that exceeded the supply of precious metals. People were already familiar with the use of credit papers, and soon began to accept pieces of paper or paper drafts.

The shortage of coins forced these people to switch from coins to coins. During the Song dynasty, there was a thriving business in the Sichan region that led to a shortage of copper money. This resulted in traders issuing special banknotes covered by a cash reserve. This is considered to be the first legal tender ever. Paper money became the only legal tender under the Yuan dynasty and the issuance of securities was granted to the Ministry of Finance during the Ming dynasty. Paper money can be a good currency if it can handle the role the state economy requires for its monetary unit - storing value, providing a digital account, and facilitating exchange. It also has an excellent currency, which means that it is more cost-effective than the currency directly associated with production than the currency directly associated with a commodity.

At the international level, paper coins were not really relevant until the United States removed their currency from the gold standard in 1971, at which point other countries followed the same to create an environment in which an infinite amount of money could be created. Before that, the currency of the States, which was not adopted by precious metals, was simply unacceptable for use in goods and services outside the host country where it was produced.

The importance of studying the specialization of International Finance :

The business world gets smaller. With technological advances making international transactions much easier, more and more companies are looking for people with knowledge of the global financial market.

The study of international finance is a good opportunity to learn about the latest developments in the finance industry as a whole, as many of them directly affect international transactions and markets. This includes areas such as international payments, digital banking services, cryptocurrencies, etc.

For example, the United Nations suggests that the area of international payments has become critical for many companies, but that average costs (about 7% per transaction) average costs at the time of slow processing impede global economic growth. The goal is to bring the average cost closer to 3% in the near future.

The First Lecturer in Financial Sciences and President of the Master of International Finance training course, Dr. Anton Miglo, said:

Together with efforts to facilitate international transactions, developments in FinTech, such as cryptocurrencies and banking/digital payments, must bring the relationship between international companies to the next level. In the new MSC International Finance (online), we introduce new and innovative modules focusing on these topics. Knowledge of the latest developments in the areas of international payments, digital banking services and cryptocurrencies must greatly assist students in seeking an interesting and demanding job.

Subjects for International Finance: