International Finance

Definitions and distinctions among International Trade, International Business, and International Finance; Theories of International Trade; International Trade Financing in India; Balance of Payments of India (Using data from RBI website); International Monetary Systems: Gold Standard, Gold Exchange Standard, Bretton Woods System, Current Monetary System, European Monetary Union.

Overview of International Financial Institutions: Roles of International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB), BRICS Development Bank, European Bank for Reconstruction and Development (EBRD).

Structure of Forex Markets: Wholesale and Domestic Markets; Types of Forex Quotations: Direct, Indirect, Cross Currency; Foreign Exchange Transactions and Settlement Dates; Forward Rates, Swaps, and Merchant Transaction Quotes; Early Delivery, Extension, and Cancellation of Forward Contracts; Introduction to Cryptocurrencies in the International Finance Context; Exchange Rate Determination and Forecasting: Purchasing Power Parity (PPP), Interest Rate Parity (IRP).

Types of Foreign Exchange Exposure: Transaction, Translation, Economic; Managing Transaction and Translation Exposure, Hedging Strategies; Measuring and Managing Economic Exposure and Foreign Exchange Risk; Multinational Financial System: Role and Value in Global Business, Designing Global Remittance Policies, Transfer Pricing and Tax Evasion Issues; International Securities: GDR, ADR, Eurobonds, Foreign Bonds

International Portfolio Investment: Foreign Investment Analysis, International Bond Investing, Direct Investment Strategies, Optimal International Asset Allocation; International Foreign exchange risk: types of exposure including transaction exposure, translation exposure, and economic exposure; impact of currency volatility on multinational corporations and cross-border cash flows; political and sovereign risk: effects of political instability, abrupt policy changes, and expropriation; regulatory and compliance challenges.