International Business and Finance

Paper Code: 
FSG 322
Credits: 
06
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To acquaint students with the theory of Foreign exchange market and transactions

20.00
Unit I: 
Globalization of Indian Business

India – An Emerging Market, India in Global Trade, Liberalization and Integration with the Global Economy, Obstacles to Globalization, factors favouring globalization.

15.00
Unit II: 
International Monetary System And Foreign Exchange Market

The Bretton Woods System and emergence of managed floating, EMS, ECU and Euro, Determination of exchange rates(Purchasing Power Parity Theory & Balance of Payment Theory), Exchange control, Exchange rate classifications

15.00
Unit III: 
International Financial Market & Exchange Risk Management

International Financial Market- meaning, Instruments (Euro Notes, Euro Commercial Papers, Medium of notes, Floating Rate Notes Euro Bonds, GDRs, ADRs, Repo)
Exchange Risk Management:- Introduction, Types of Risk, Risk in Foreign Exchange, Recent trends of FEMA.

20.00
Unit IV: 
The Balance of Payments

Introduction, Balance of Payment Accounts Of India, Components of BOP, Balance of Payment Vs. Balance of Trade (BOT), Disequilibrium of BOP, Measures to control BOP.

20.00
Unit V: 
IMF, World Bank & World Trade Organization

IMF & World Bank-Objectives, Roles, Achievements, Recent developments, Progress and Criticism
World Trade Organization : Introduction TRIMs, TRIPs, IPRs, Patents, , WTO and India and its evaluation

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.

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