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The University of Southampton

MANG6498 International Banking

Module Overview

This module is focused on banking, as opposed to financial market or accounting and finance-related courses otherwise on offer in the MBA. Students will learn about the 'micro' side of banking, including financial institutions, instruments and techniques, such as hedging, or bank regulation. In addition, the module covers the 'macro' side of banking, which is how banking is connected to and influenced by the economy.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The logic and workings of financial institutions, and banks in particular;
  • The available financial instruments and workings of international financial markets, including roles of speculators, investors, bankers and central bankers;
  • The role of banks and the central bank and how they influence the economy, including consumer prices and asset prices.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Assess role and impact of banks and the central bank, and the need for appropriate regulation and supervision;
  • Evaluate the risks and rewards associated with different financial instruments, and financial institutional settings;
  • Interpret critically official publications by banks, central banks and authorities and compare this to empirical reality.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Write effectively for business purposes;
  • Manage individual tasks, personal resources and time effectively;
  • Analyse and evaluate data to enable decision-making;
  • Make up your own mind about events, by utilising an empirical research methodology.


The nature of banking: - Financial Instruments and their use: - Markets and Participants - Debt Markets and Interest Rates - FX Spot, Forward and Options - Arbitrage, Hedging, Swaps, Shorting - Leverage, Currency Swaps, Futures, CFDs - Risks in Banking - Credit Derivatives (CDO, CLO, CDS) Role and Impact of Banking: - Banking and the Economy as described by Standard Economic Theories - Problems and Puzzles of the Standard Approaches - Inductive Approach to Banking and the Economy - Banking Crises and Banking Sector Restructuring - Central Banking - International Banking and Economic Development - Banking supervision and regulation

Learning and Teaching

Teaching and learning methods

Teaching methods include - Lectures - Class exercises and discussions - Case study Learning activities include - Class exercises and discussion - Recommended reading - Exam preparation

Independent Study70
Total study time100

Resources & Reading list

Ryan-Collins, J., Greenham, T., Werner, R. and Jackson, A (2011). Where Does Money Come From?. 

Federal Reserve Bank of New York Quarterly Review. 

Werner, R. (2005). New Paradigm in Macroeconomics. 

Bank of England Quarterly Bulleting. 

Miller, R. L., VanHoose, D. D. (1993). Modern Money and Banking. 

Journal of Banking and Finance. 

Journal of Financial Services Research. 

Financial Stability Review. 

Eiteman, D, Stonehill, A., and Moffett, M. (2007). Multinational Business Finance. 

Mishkin, F., Eakins, S. (2003). Financial Markets and Institutions. 

Financial Times. 

Giddy, I. (1994). Global Financial Markets. 

Federal Reserve Bulletin. 

Financial Management. 



In-class formative opportunities


MethodPercentage contribution
Examination  (2.5 hours) 100%


MethodPercentage contribution
Examination  (2.5 hours) 100%


MethodPercentage contribution
Examination  (2.5 hours) 100%

Repeat Information

Repeat type: Internal & External


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:


Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

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