Estonia, Tallinn

Money and Banking, International Financial Law, and International Trade Law

when 10 July 2016 - 14 July 2016
duration 1 week
credits 3 ECTS
fee EUR 350

What is money? What is central banking? What are the underlying rules and regulations of international banking, finance, and trade? What were the underlying causes of the global financial crisis and sovereign debt crisis? And what reforms are being undertaken to provide stability to financial markets and banking?

Join us as we discuss international finance and trade law. We will identify the actors in financial markets and examine how international financial markets are regulated. We will also discuss the role of central banking, monetary policy and sovereign debt. And we will discuss banking, finance and the role of the carriage of goods by sea in international trade.

We will begin by examining the history of money and the role of central banking and progress on to identifying different financial markets, how financial markets are connected globally, and the various market participants. After you have gained a comprehensive understanding of financial markets, their participants, and how they function, we will examine the legal and regulatory framework that regulates financial markets, the maritime law, and letters of credit. We will conclude by identifying the triggers of the global financial and sovereign debt crisis and discuss what reforms are being undertaken to provide stability and transparency in the regulation of international financial markets.

Topics to be discussed include:

- Regulation of financial markets
- Derivatives and credit default swaps
- Rating agencies and stock exchanges
- Issuance of debt and equity securities
- Issuance and clearing of letters of credit
- Reforms designed to stabilize financial markets
- Role of maritime transport in documentary credit process
- Hague-Visby Rules, Hamburg Rules and Rotterdam Rules
- History and development of central banking and money
- Public investment funds, hedge funds, private equity finds

Course leader

This course consists of an intensive series of interactive lectures and seminars led by Heiki Lindpere and Phillip W. Graves. Mr. Lindpere is an internationally recognized expert on maritime law and Mr. Graves has extensive experience in trading equity se

Target group

We invite both undergraduate and graduate students who are interested in international law, politics and business to participate. While prior study of international law and/or business law is useful, it is not a firm prerequisite. The language of the course is English, so at least an intermediate knowledge of English is required. The students are expected to do some preparatory reading in order to participate in the seminars.

Course aim

You will gain a broad understanding of central banking, the laws and rules governing the many areas of international financial market activity and international trade law. You will also have an understanding of the origins of money, how equity and debt securities are issued, how financial markets function, and how letters of credit are issued and cleared.

Credits info

Upon full participation and completion of a 2500-word essay by October 10

Fee info

EUR 350: Without cultural programme and accommodation