3.12 A
International Financial Management
Unit I:
International Finance- Importance, Finance Function in Multinational Firm,
Trends in International Trade and Cross- border Financial Flows, Gains from
international trade and investment, Balance of Payments. Currency
convertibility, concept of revenue account and capital account convertibility.
Unit II:
International Monetary System. Exchange Rate Regimes, International Monetary
Fund, European Monetary System, European Monetary Union, World Bank.
Unit III:
International Finance Markets-Euro-markets Institutions.
Unit IV:
Foreign Exchange Market, Structure of Foreign Exchange Markets and
participants, Type of Transactions, Mechanism of Currency Dealing. Exchange
Rate Quotations, Arbitrage, Forward Rates. Foreign Exchange Market in India.
Unit V:
Exchange Rate Theories: Purchasing Power Parity Theory, Interest Rate Parity,
future spot exchange rate, methods of forecasting exchanges rates.
Unit VI:
Nature and measurement of exposure and risk- defining foreign exchange
exposure, transactions exposure, translation exposure, operating exposure,
hedging strategies.
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