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International Finance
The purpose of paper is to give students an in-depth knowledge of International Business Environment with a special emphasis on position of India in the era of Globalization. In addition, it provides an exhaustive study of functioning of International Organizations with their relevance towards International Trade.
Introduction to International Finance: Meaning, features
Exchange Rate Mechanism: Exchange rate quotations, nominal, real, effective exchange rate, factors influencing exchange rates, theories of exchange rate behaviour
Foreign Exchange Market: Features, participant, segments, Functions, Methods of affecting international payments; Foreign currency accounts-Nostro, Vostro and Loro Accounts; networks for international transactions-SWIFT,CHIPS, Dealings on the foreign exchange market-Spot and forward transactions, Futures, Options and Swaps, arbitrage;
International Flow of Funds: Introduction, Components of BOP, Balance of Payment Vs. Balance of Trade (BOT), Disequilibrium of BOP, Measures to control BOP, Balance of Payment Accounts Of India
International Financing Decisions -ADRs, GDRs, Types of international bonds, Short and medium term instruments-Euro notes, Euro Commercial papers, medium term Euro notes, concept of LIBOR and LIBID, Foreign exchange exposure
International Investments Decisions: Types of foreign private investments- Foreign Direct Investment and Foreign Portfolio Investments, significance of foreign investments, factors affecting international investment, Limitations and dangers of foreign capital, International capital Budgeting
• Sharan V, “International Financial Management”, PHI, 5th edition
• Jeevandam C, Foreign exchange & risk management, Sultan Chand & Sons, 10th Edition
• Cherunilam Francis, “International Business”, PHI, 5th edition.
• Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
• Maurice, Levi, “International Finance”, McGraw Hill, Int. Ed. New York.
• S.K. Mathur, “International Trade and Finance”, Shivam Book House, Jaipur.
