The objective of this course is to understand basic concept of international market & risk &barriers.
Overview of Global Capital Market:-: Meaning, sources of funds, Euro currency market .
International equity markets: Process of issue, Gains from international issue.. International equity trading-Multiple listing. Depository receipts- ADR,GDR,IDR.
Global Bond Market:-: Domestic bonds, Euro bonds and foreign bonds. Participation in the global bond market. Procedure for issuing Euro bonds
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.
Risk &barriers :-Information barriers & other regulatory barriers.Foreign exchange risk, currency risk, political risk &market risk.
• 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.