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.