International Finance & Forex Management

Paper Code: 
MBF-622
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

• The basic objective of this course is to give a fair understanding of the financial management at the global level. The paper aims in giving an understanding to the participants about the foreign exchange markets, risk involved in this market and also the short term and long term financing aspects involved in international markets.

10.00

Financial Management in a Global Perspective
Nature of International Financial Functions and the scope of IFM. Recent Developments In Global Financial Markets, Challenges of International Financial Management.

7.00

International Monetary System and Financial Markets
An overview and International Monetary System. An Overview of International Financial Markets, Exchange Rate Determination.

6.00

International Financial Management : Mechanism and Risk
International flow of funds. Exchange rate mechanism, Balance of Payment, Risk: political and country risk.

7.00

Intricacies of Foreign Exchange Markets
Mechanics of currency dealing-exchange rate quotations-arbitrage-forward rates, cross rates and foreign exchange market in India. Exchange rate computations.

10.00

Parity conditions and borrowings in International Markets
Purchasing Power Parity Theory, Interest Rate Parity Theory, The Fisher Effect Theory. Short term and long term borrowings in international markets: short term funding and investment-centralized vs. decentralized cash management-pooling-exposure management.

Essential Readings: 

Text Books:
• Vyuptkesh Sharan, International Financial Management, PHI. 2012.
• S. Kevin, Fundamentals of International Financial Management, EEE, PHI.2012.
• Maurice Levis, International Finance, Routledge, 2012.
• Allan Shapiro, Multinational Finance, PHI, 2012.
• P.G.Apte, International Finance, Tata McGraw Hill Education,2012.
Suggested Readings:
• V. A. Avadhani, International Financial Management, HPH, 2012.
• David Eiteman, Arthur Stonehill, Michael Moffett, Multinational Business Finance, Pearson Education, 2012.
• Michael H. Moffett, Fundamentals of Multinational Finance, Pearson Education, 2011.

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