To acquaint students with the theory of Foreign exchange market and transactions.
Foreign Exchange Markets: Meaning, Functions , Factors influencing exchange rates.Major Participants: Spot, Forward Exchange , Future, Option, Arbitrage
Exchange Control- Meaning, Features, Objectives, Methods, Merits & Demerits, Exchange control in India. Balance of payment: Meaning, Components, BOP v/s BOT, Disequilibrium in BOP, Rectification of disequilibrium
Determination of exchange rates –Equilibrium Rate of exchange-Mint Parity theory-PPP theory and Balance of Payment theory. Causes of fluctuations in Exchange rates. Fixed and Flexible Exchange Rates
International Banking: Meaning, Features, Types of International Banking offices and Offshore Banking.
Foreign Aid to India- Role, Impact of Foreign aid on India’s Economic development and Problems of Foreign Aid. WTO- Introduction, Objectives, Functions and India & WTO.
• 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.