International Finance

Paper Code: 
INB232
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
12.00
Unit I: 
International Finance

Meaning, Importance, Need, Scope. Methods of Payment-Payment in advance, Open account, consignment stock Payment, Letter of Credit-Types, Parties, Procedures, Documentary Bills-Documents against acceptance(D/A),Documents against Payments (D/P), Difference between (D/P) and (D/A)

12.00
Unit II: 
International Financial Environment:

Gold standard, Post Bretton wood System, Exchange rate mechanism-Managed Floating, Crawling Peg.
IMF and World Bank-Origin, Structure, functions

12.00
Unit III: 
Managing Forex Risk:

Transaction, Translation, Economic Risk, Tactics and Strategies to reduce foreign exchange risk, Transfer Pricing.
Exchange Control:
Meaning, Features, Objectives, Methods, merits Demerits

12.00
Unit IV: 
Forex Market:

Meaning, Foreign exchange rate-meaning, Determination of exchange rate, Types of Exchange Rate-Fixed, Flexible.

12.00
Unit V: 
Forex Transactions:

Spot, Forward Exchange, Futures, Options, Arbitrage.
Balance of Payments:
Meaning, Components, BOP vs.BOT, disequilibrium in BOP, Rectification of disequilibrium

References: 

• Cherunilam Francis. , “International Business”, Prentice Hall of India, New Delhi.

• Mathur S K., “International finance and foreign exchange”, Shivam Book House, Jaipur.

• Avadhani V A., “International Finance”, Himalaya Publishing House, New Delhi.

• Hill Charles W L., “International Business”,Tata Mc Graw Hill Ltd,New Delhi.

• ICFAI Module of International Finance.

ACADEMIC YEAR: 
2019-2020
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