Financial Innovations in International Business (in German)

Syllabus

1. Introductory lecture, course requirements, introduction to financial innovations and theoretical background. 2. Financial innovations in the context of the historical development of financial markets and international trade. Specific examples of significant financial innovations that have contributed to the development of financial markets and international trade. 3. Financial innovations and their position in the context of financial crises. 4. Electronization of financial markets, position and importance of ICT, fintech innovation - alternative payment methods, algorithmic trading, robotization of the financial sector, artificial intelligence and big data, cloud solutions. 5. Cryptcurrencies, their characteristics and history. Characteristics of the potential of blockchain technology in international trade. Benefits and risks of cryptocurrencies. 6. Bitcoin as the world's major cryptocurrency, its characteristics and analysis. Analysis of bitcoin price development and analysis of factors influencing its price. The current position of bitcoin in international trade and the potential of its use. 7. Litecoin and Ethereum as the most important cryptocurrencies after Bitcoin. Their characteristics and contribution in the international financial environment, the development of the price and its determinants. 8. Altcoin markets. Characteristics of the most important Altcoins with a focus on those that can be used in international trade relations. 9. Trading with cryptocurrencies. An overview of the most important cryptocurrency exchanges. Aspects of cryptocurrency trading. 10. Current trends in the use of cryptocurrencies, ways of their practical use. 11. Cryptocurrency market in Slovakia. 12. Practical aspects of the use of cryptocurrencies. The use of cryptocurrencies from the perspective of a company operating in international trade, the position of cryptocurrencies in the company's accounting. 13. The future of international business using financial innovation. Possibilities of using cryptocurrencies, obstacles to their introduction. The position of the traditional financial sector and governments on the use of cryptocurrencies. Cryptocurrencies and legislation.