International Finance

Paper Code: 
ABF 102
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to

The objective of this course is to acquaint students with the role of international institutions and international monetary system.

 

Course Outcomes (COs):

 

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ABF 102

International Finance

CO 30. Acquire knowledge about the world of International Finance along with a thorough understanding of dealings in between exporters and importers.

CO 31. Build ability to comprehend all the terminologies and working of Global Financial Market.

CO 32. Gain capacity to analyze the inception of monetary arrangement at world level.

CO 33: Obtain knowledge of some global prominent institutional players and their significance in world monetary arrangement.

CO 34: Get an understanding of a prominent institute to lift up the world from financial aspects.

Approach in teaching:

Interactive Lectures, Discussion, PPT, Sharing web links . 

 

Learning activities for the students:

Self learning assignments, Role plays, presentation,  case study discussions. 

Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects

 

Unit I: 
International Finance & Methods of payment

International Finance: Meaning – Scope of International Finance, Factors contributing to growth in International Finance 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

Unit II: 
International Financial Market & Elementary Knowledge of International financial instruments

International Financial Market: Meaning and Functions of Financial Market. Recent Changes in Global Financial Markets
Elementary Knowledge of International financial instruments– Euro notes, Euro commercial papers, Euro bond, ADR and GDR.

Unit III: 
International Monetary System

International Monetary System- Gold Standard, Bretton Woods System, Euro dollar market- origin and growth, Features, The European Community-objectives, organization The European Monetary System-origin and working.

Unit IV: 
The International Monetary Fund(IMF) & Asian Development Bank(ADB)

The International Monetary Fund(IMF)-origin, objectives, Organizational Structure, Progress & criticism. Role of IMF in increasing World Liquidity: Special Drawing Rights(SDR) – Uses, Merits & criticisms of SDRs.
Asian Development Bank(ADB) – Objectives , Organization and Functions

Unit V: 
World Bank & The World Bank Group

World Bank – Organization, Functions, Progress and Criticism.
The World Bank Group - International Development Association(IDA),International Finance Corporation (IFC), Multinational Investment Guarantee Agency(MIGA) and International Centre for Settlement of Investment Disputes (ICSID)- Organization and 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, Agra

Academic Year: