International Business and Finance

Paper Code: 
FSG 322
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

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

18.00
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.

International Business: Distinguishing features of International Business. Needs, Importance and disadvantage. Problems and remedies of International Business.

18.00
Unit II: 
International Monetary System :

 The Bretton Woods System and emergence of managed floating, EMS, ECU and Euro, Foreign Exchange Market: Distinctive features and major participants. Determination of exchange rates(Purchasing Power Parity Theory & Balance of Payment Theory), Exchange control, Exchange rate classifications.

18.00
Unit III: 

International Financial Market- meaning and functions, 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, Study of FEMA, Role of RBI .

18.00
Unit IV: 
Balance of Payment

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.

18.00
Unit V: 
IMF and World Trade Organisation

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.

Academic Year: 
2018-2019
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