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)
Gold standard, Post Bretton wood System, Exchange rate mechanism-Managed Floating, Crawling Peg.
IMF and World Bank-Origin, Structure, functions.
Transaction, Translation, Economic Risk, Tactics and Strategies to reduce foreign exchange risk, Transfer Pricing.
Exchange Control:
Meaning, Features, Objectives, Methods, merits Demerits.
Meaning, Foreign exchange rate-meaning, Determination of exchange rate, Types of Exchange Rate-Fixed, Flexible.
Spot, Forward Exchange, Futures, Options, Arbitrage.
Balance of Payments:
Meaning, Components, BOP vs.BOT, disequilibrium in BOP, Rectification of disequilibrium.
• 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.
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-... [2]
JOURNALS:
• Global Business Review , http:// sagepub.com
• Foreign Trade Review, http:// sagepub.com
Links:
[1] https://foreigntrade.iisuniv.ac.in/courses/subjects/international-finance-8
[2] https://www.tradefinanceglobal.com/wp-content/uploads/2020/10/SME-Trade-Finance-Guide-for-Importers-and-Exporters_TFG.pdf
[3] https://foreigntrade.iisuniv.ac.in/academic-year/2022-2023