INTERNATIONAL FINANCE

Paper Code: 
INB 232
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.

Essential Readings: 

• Khushpat S. Jain, “Export Import Procedures & Documentation”, Himalaya Publishing House, Mumbai.
• Choudhary B K & Agarwal O P., “Foreign trade and Foreign exchange”, Himalya Publishing house, New Delhi.

References: 

SUGGESTED READINGS:
• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, New Delhi.

E-RESOURCES:
• Trade Finance Explained, An SME Guide for Importers and Exporters
https://www.tradefinanceglobal.com/wp-content/uploads/2020/10/SME-Trade-...

JOURNALS:
• Global Business Review , http:// sagepub.com
• Foreign Trade Review, http:// sagepub.com

ACADEMIC YEAR: 
2022-2023
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