International Banking and Financial Market
John Joseph Burke, PhD
PhD, Freiburg University; B.A, Columbia College, New York, USA
Auditor liability, Civil obligations under the law of different republics
John Joseph Burke is an international lawyer with professional experience in the private, public, and academic sectors. He has drafted legislation for the State of New Jersey and the Republic of Estonia, and commented upon legislative proposals in the area of securities markets for the Republic of Croatia.
John Joseph Burke has served as Professor Law at KIMEP University (Kazakhstan) for six years; as Rector and Professor of the Riga Graduate School of Law, Latvia, and Rector and Professor at International University Audentes, Estonia.
He has a distinguished publication record and provides services as an International Commerical Arbitrator.
Aim of the course - this course aims to provide an understanding of the field of International Finance from several perspectives:
1. Overview of Global Financial Markets;
2. The foreign Exchange Market, Balance of Payments, and Portfolio Balance Model;
3. The Post-War International Monetary System;
4. Banking and International Banking;
5. Effect of legal regulation upon financial markets
6. Management of risks: liquidity, credit, and market
Syllabus outline (themes, teaching and learning methods: seminars, practical assignments and other):
Overview of International Financial Markets:
- Why do Markets Exist.
- Securities Markets.
- Inquiry into why markets fail.
- Foreign Exchange Market.
- Balance of Payments.
- Exchange Rate Determination.
- Post-War International Monetary System.
- Bretton Woods from Cradle to Grave.
- Oil Shocks and diverse regional crises.
- Creation of EURO and EURO zone.
- Proposals to reform financial system.
- Administration or pre-final assessment.
- Banking and International Banking.
- Modern Banking.
- Basel III.
- Legal Regulation (Prudential Supervision).
- Review of 2007/08 financial crisis.
- Risk management and Closure.
- Identification of risks in banking.
- Approaches to risk management.
- Summary of Learning Outcomes.
On successful completion of the course/module, student will be able to (knowledge, skills and competences):
- Profound understanding, including ability to question conventional ideas, and examine critically contemporary financial system.
- Ability to recommend policy changes of government in response to analysis of BOP and to explain the different effects of various exchange rate regimes.
- Ability to explain the failure of capitalism as demonstrated by the disruptive cycles during the 20th century and to forecast whether monetary unions are the answer to speculative attacks on currencies and to explain the failures of the EURO in select countries.
- Demonstrate understanding of why different financial organisations exists in complex IF system, and to argue for or against such diversity, including institutions not captured by regulation.
- Demonstrate evolution from Basel I through Basel III; knowledge of practical application of Basel III, likely effect upon bank behaviour; deep knowledge of at least one novel innovation of Basel III.
- Understanding not only of risks and management techniques for control, but also understanding of technical implementation of risk management.
The studies are held at the main building of RISEBA – 3 Meža Street.
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You can reach the main building by trolleybus No 9, bus No 3 and 30 getting off at “Kalnciema iela” stop, as well as by tram No 4 or 5 getting off at “Nometņu iela” stop.