GLOBAL FINANCE

Paper Code: 
FMG 217
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to

 

CO 73 Acquire knowledge about the world of International Finance along with a thorough understanding of dealings in between exporters and importers.

CO74 Build ability to comprehend all the terminologies and working of Global Financial Market.

CO75 Comprehend the use of different theories of exchange rate mechanism

CO 76 Understand the pivotal role of Exchange control and Balance of payments in Forex.

CO77 Absorb knowledge pertaining to Global banking and understand the channels of international funds and trade governing bodies.

Class lectures

Seminars

Tutorials

Group discussions and Workshops

Question preparation

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
Global Finance

• Meaning, Scope and Importance
• Methods of payment -Payment in advance, open account, Documentary collection, letter of credit ,Credit cards, counter-trade Letter of credit-types, parties and procedure

9.00
Unit II: 
International Monetary System

• Gold Standard, Bretton Woods System and Euro dollar market- origin and growth, Features,
• Foreign Exchange Markets: Functions, Participants, Spot rate, Forward rate, Future, Option and Arbitrage

9.00
Unit III: 
Determination of Exchange Rates

• PPP theory & Balance of Payment theory, Factors influencing exchange rates. Fixed and Flexible Exchange Rates. Causes of fluctuations in Exchange rates.

9.00
Unit IV: 
Balance of Payment

• Balance of Payment Concept, Components, Equilibrium in BOP, Measures to correct disequilibrium.
• Exchange Control Meaning, Features, Objectives ,Methods, Merits & Demerits, Exchange control in India

9.00
Unit V: 
International Banking

• International Banking Meaning, Features, Types of International Banking Offices, Offshore Banking & NBFCs
• International Financial Institutions: IMF & World Bank-Objectives, Roles, Achievements, Recent developments, Progress and Criticism. ,WTO-Introduction, Difference between GATT and WTO, Objectives, Functions and India & WTO.

Essential Readings: 

• Mithari D. M. Introduction to International Economics (Latest)- Himalaya Publishing House, Mumbai
• Dominick, “ International Economics”, Macmillan Publication Company, New York.
• Seth M.L.,” Money, Banking, international Trade and Public finance”, Lakshmi Narain Agarwal Educational Publisher, Arga
• Wood, D. and J Byrne: International Business Finance, Macmillan, New York.
• Sodersten B, “International Economics”, Macmillan, London.
• Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi

References: 

• Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
• Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
• International Financial Management ,Machiraju, H.
• International Financial Management,Purohit,Asho
• International Financial Management,Sharan,Vyuptakesh

E-RESOURCES:
• Global Business Review ,http:// sagepub.comForeign Trade Review ,http:// sagepub.com World E-book Library, http://Community.WorldLibrary.In/?AffiliateKey=NDL-FL1773

JOURNALS:
• International Journal of Financial Management, http://publishingindia.com
• International Financial Management, https://www.expresslibrary.mheducation.com/bookshelf

Academic Year: 
2022-2023
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