Global Finance

Paper Code: 
FMG 217
Credits: 
3
Contact Hours: 
45.00
Objective: 

To acquaint students with the role of global institutions and monetary system.

 

10.00
Unit I: 

Global finance- Meaning, Scope, Importance, Methods of International Payment, International Financial Markets and their functions

10.00
Unit II: 

International Monetary System- Gold Standard, Gold Bullion Standard, Bretton Woods System, Post Bretton Wood agreements .

10.00
Unit III: 

Determination of Exchange Rates- PPP theory & Balance of Payment theory, Fixed & Flexible Exchange Rates. Instuments of global Financial Markets- Euro Notes, Commercial Papers, Medium term notes, Floating Rate Notes Euro Bonds and GDRs and ADRs.

8.00
Unit IV: 

Balance of Payment- Concept, Components, Equilibrium in BOP, Measures to correct disequilibrium.

7.00
Unit V: 

IMF & World Bank-Objectives, Roles, Achievements, Recent developments, Progress and Criticism.
WTO & its Functions

Essential Readings: 

•    Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
•    S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
•    Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
•    Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
•    Maurice, Levi, “ International Finance”, McGraw Hill, Int. Ed. New York

 

References: 

•    Walter, Ingo: Handbook of International Business, John Wiley and Sons; New York.
•    Wood, D. and J Byrne: International Business Finance, Macmillan, New York.
•    Sodersten B, “International Economics”, Macmillan, London.
•    Dominick, “ International Economics”, Macmillan Publication Company, New York.
•    Mithari D. M. Introduction to International Economics (Latest)- Himalaya Publishing House, Mumbai
•    Seth M.L.,” Money, Banking, international Trade and Public finance”, Lakshmi Narain Agarwal Educational Publisher, Arga.

Academic Year: