Global Capital Market

Paper Code: 
FMG 417
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to understand the methods of raising funds in international market, their risk and barriers.

9.00
Unit I: 
Overview of Global Capital Market:

Meaning, sources of funds, Euro currency market ,.

10.00
Unit II: 
International equity markets:

Process of issue, Gains from international issue.. International equity trading-Multiple listing. Depository receipts- ADR,GDR,IDR

8.00
Unit III: 
Global Bond Market:-

Domestic bonds, Euro bonds and foreign bonds. Participation in the global bond market. Procedure for issuing Euro bonds

9.00
Unit IV: 
Impact of globalization on the capital Market

Growing international integration- types.
Cross-Border Investment Decision & Diversification: benefits from global investment. Types and issues in cross border investment decision; Green field investment vs. cross border M&As.

9.00
Unit V: 
Risk & barriers

-Information barriers & other regulatory barriers. Foreign exchange risk, currency risk, political risk &market risk.

Essential Readings: 

• A History of the Global Stock Market: From Ancient Rome to Silicon Valley, B.M. Smith, University of Chicago Press, 2004.
• Inter Market Technical Analysis, John Murphy, John Wiley & Sons, 1991
• Global Portfolio Management for Institutional Investors, Jeff Madura, Greenwood Press, 1996.
• Global Asset Allocation, Robert Klein and Jess Lederman, John Wiley & Sons, 1994.

Academic Year: 
2019-2020
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