The objective of the course is to provide an understanding of both the key features of foreign exchange markets and the actual problems of an export firm within an environment of free flows of foreign capital and floating exchange rates.
International Environment: Gold standard, Post Bretton wood system, Exchange rate mechanism –Floating rate, Crawling peg. |
Exchange Control: Meaning, Feature, Objectives, Methods, Merits, Demerits Documentary Bill: Documents against acceptance(D/A), Documents against payment (D/P), Difference between D/A & D/P |
Export Payment terms: Factors affecting export Payment, Methods of Payment-Payment in advance, Open account, Consignment Stock Payment. |
Import Financing: Meaning, Procedure, Exchange regulations relating to Import Finance, Documentary Credit, Rediscounting of export Bills. |
Foreign Exchange Transaction: Spot, Forward Exchange , Future, Option, Arbitrage Balance of payment: Meaning, Components, BOP v/s BOT, Disequilibrium in BOP, Rectification of disequilibrium. |
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3. Parasram : Export: what, where and how.
4. Karam Pal,B.S.Bodla,M.C.Garg,”Insurance Management:Principles & Practices,Deep& Deep Publications.
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6. Shapiro A. C.: Multinational Financial Management, 6th Edition, Prentice Hall, 1999.
7. Jae K. Shim, Michael Constas; Encyclopedic dictionary of international finance and banking, CRC Press, 2001.
8. Maurice D. Levi; International finance, Routledge, 2005.