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Global Finance [1]

Paper Code: 
FMG 217
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

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

9.00
Unit I: 
Global finance

Global finance
• Meaning, Scope 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 Monetary System

International Monetary System- 9 Hrs
• Gold Standard, Bretton Woods System
• Euro dollar market- origin and growth, Features,
Foreign Exchange Markets:
• Functions, Participants,
• Spot rate, Forward rate, Future, Option and Arbitrage

9.00
Unit III: 
Determination of Exchange Rates

Determination of Exchange Rates
• PPP theory & Balance of Payment theory,
• Factors influencing exchange rates.. Fixed and Flexible Exchange Rates.
• Causes of fluctuations in Exchange rates.

9.00
Unit IV: 
Balance of Payment

Balance of Payment-
• Concept, Components,
• Equilibrium in BOP,
• Measures to correct disequilibrium
Exchange Control-
• Meaning, Features, Objectives,
• Methods,
• Merits & Demerits,
• Exchange control in India.

9.00
Unit V: 
International Banking

International Banking: 9 Hrs
• Meaning, Features,
• Types of International Banking Offices,
• Offshore Banking & NBFCs
International Financial Institutions:
• IMF & World Bank-Objectives, Roles,
• Achievements,
• Recent developments,
• Progress and Criticism.
• WTO- Introduction,
• Difference between GATT and WTO,
• Objectives, Functions and India & WTO.

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, Arga.

Academic Year: 
2021-2022 [2]

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Source URL: https://finance.iisuniv.ac.in/courses/subjects/global-finance-6

Links:
[1] https://finance.iisuniv.ac.in/courses/subjects/global-finance-6
[2] https://finance.iisuniv.ac.in/academic-year/2021-2022