1. Brian Butler’s lectures Part #1 Welcome (to Spain, to Catalonia, to the EU, to FORUM-NEXUS!)

2. Brian David Butler Professor of international finance and global entrepreneurship with Forum-Nexus Study Abroad. Guest lecturer with the IQS Business School of the Ramon Llull University in Barcelona, and the Catholic University of Milan . Previously, Brian taught finance, economics and global trade courses at Thunderbird’s Global MBA program in Miami, and worked as a research analyst with the Columbia Business School in New York City. Brian currently lives in Recife, Brazil where he is teaching classes on “Global Entrepreneurship” at the university FBV. A global citizen, Brian was born in Canada, raised in Switzerland (where he attended international British school), educated through university in the U.S., started his career with a Japanese company, moved to New York to work as an analyst, married a Brazilian, and has traveled extensively in Latin America, Asia, Europe and North America. [email_address] LinkedIn/briandbutler Skype: briandbutler

3. Brian Butler is a specialist in international economic analysis, and is founder of the prestigious “GloboTrends“ ( www.globotrends.com ) online economics site, which has been featured as syndicated content on Nouriel Roubini’s RGE Monitor, Emerginvest.com, Business Week Exchange, Wikinvest.com, and other leading news outlets. http:// globotrends.pbworks.com / , http:// blog.globotrends.com /

4. Online

5. Online http://www.roubini.com/author/brian_butler

10. Book : Martin Wolf, “Fixing Global Finance” Martin Wolf is chief economics commentator at the Financial Times (online FT.com)

18. Grading More than just a “monkey with a calculator”?

21. Borrowing $$ abroad in foreign currency = RISKY

28. International Finance Intro…

30. Dr. Kishore Dash, January 20, 2007

34. International Financial Markets 1. 2. 3. Foreign Exchange Market Domestic Financial Markets in Other Countries— Short-Term Domestic Financial Markets in Other Countries— Long-Term Deposits, Cash, Forwards, Futures T-Bills, Deposits, Commercial Paper, Money Market Funds Bonds, Stocks, ADRs, Deposits, CMOs Banks, Companies, Brokers Banks, Companies, Brokers Banks, Companies, Brokers MARKET INSTRUMENTS PARTICIPANTS

35. International Financial Markets (cont.) 4. 5. 6. 7. Euro-Currency Market Euro-Bond Market International Monetary System (IMF) The Real Sector Deposits, Euro CP Euroloans Eurobonds, Floating Rate Notes, Euro-Equities SDRs, $US, [Gold], Position in the Fund Banks, Clients Investment Banks Companies, Brokers Central Banks, The Fund Goods & Services Consumers & Firms MARKET INSTRUMENTS PARTICIPANTS

36. Why Study “International Finance”?

40. What are the benefits of “International Finance”?

43. What are the dangers of “International Finance”?

45. Independent thinkers needed The importance of thinking independently – don’t follow the “herd”

46. Be careful of “expert” predictions http://bucks.blogs.nytimes.com/tag/asset-allocation/

49. Resource: http://www.roubini.com/

51. As late as 2008, the IMF forecasted growth in 2009

55. CURRENCIES currencies

56. Currency Do you know these symbols? Their approximate value in (in terms of dollars)? How has that value changed over the past 5-10 years?