International Finance
Session 1,2
Topic Foreign Exchange Market
Principal Issues Characteristics of Global Foreign Exchange Markets Spot and Forward Market Relationship between Spot and Forward Rates Activities in the Forex Markets Market Participants Correspondent Banking Indian Forex Market & its Structure Central Bank Intervention An Introduction to Exchange Arithmetic The Bretton Woods System & later developments Alternate Exchange Rate Systems Current and Capital Accounts The emerging Indian BOP scenario Capital Account Convertibility Long Run & Short Run Theories of Exchange Rate Determination
Reference Chapter 7
3,4
Determination of Exchange Rates
Chapter 2
5,6
International Monetary System; Balance of Payments and International Economic Linkages
Chapters 3, 5
7,8
Parity Conditions in International Finance & Currency Forecasting
Chapter 4 Case: The Value of the Indian Rupee Chapters 10,11 Cases from text book Chapters 8,9
Foreign Exchange Risk Management
Transaction Exposure Economic Exposure Translation Exposure Interest Rate & Currency Swaps Currency Futures and Options Payment Methods and Short Term Credit Documentary Collections Documentary Credits Short Term Export/ Import Financing Options Available to Indian Corporates Theory of MNE FDI in India Opportunities for Indian Corporates to Expand Overseas
10,11
An Introduction to Currency Derivatives
12,13,14
Short term Financing and Current Assets Management
Chapters 18,19
Case: Magnum Overseas Chapter 16
15,16
Corporate Strategy and FDI
17,18
Medium & Long Term International Financing
Eurocurrency Markets Development Banks and Multilateral Lending Agencies FCCBs/ ADRs/ GDRs/ FIIs Project Finance Instruments Loan Syndication Guarantees
Chapters 13, 15 Case: Export Import Bank of India
19,20
Project Presentations, Case Discussions