International Finance

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

Course Objectives:

The Objective of this course is to acquaint students with the role of International Financial institutions and monetary system in the economy.

Course Outcome(COs):

Course

Learning Outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

FSG 117

International Finance

 
  1. Students will analyze the base of International Finance and ascertain the methods used in International Trade
  2. Study will explore the financial markets at international level along with examining the different forms of International Financial Instruments.
  3. Students will examine the International Monetary system since its inception till the contemporary times.
  4. Students will critically evaluate the working of IMF and ADB from different perspectives.

 

  1. Students will assess the World Bank Group through SWOT analysis.

 

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

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

 

9.00
Unit I: 
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

9.00
Unit II: 
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.

9.00
Unit III: 
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.

9.00
Unit IV: 
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

9.00
Unit V: 
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.
• 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: 
2021-2022
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