To acquaint students with the role of international institutions and monetary system.
International Finance:
Meaning, importance, need, scope, methods of payment, letter of credit – Types, parties, procedure.
International Financial Market: Meaning and functions of Financial Market. Recent Changes in Global Financial Markets, International financial instruments (Elementary Knowledge) – Euro notes, Euro commercial papers, Euro bond, ADR and GDR. |
International Monetary System- Gold Standard, Gold Bullion Standard, Bretton Woods System, Post Bretton Wood agreements.
IMF & World Bank-Objectives, Roles, Achievements, Recent developments, Progress and Criticism.
IFC & IDA, ADB- Objectives, Roles, Functions and Achievements.