International Finance

Introduction to International Finance: Meaning, Scope, Need and Global Financial Environment

Balance of Payments (BoP): Structure, Disequilibrium, Adjustment Mechanisms and Implications

Foreign Exchange Market: Participants, Spot/Forward Rates, Quotations, Cross Rates and Arbitrage

Exchange Rate Determination: PPP, Interest Rate Parity, Fisher Effect and Monetary Approach (Basics)

Exchange Rate Systems and Currency Convertibility: Fixed, Floating, Managed Float and Pegs

Foreign Exchange Risk Exposure: Transaction, Translation, Economic Exposure and Measurement

Hedging Foreign Exchange Risk: Forwards, Futures, Options, Money Market Hedge and Swaps

International Financial Institutions: IMF, World Bank, WTO and Regional Development Banks (Overview)

International Capital Markets: Eurocurrency, Eurobonds, ADR/GDR, FDI vs FPI and Cross-border Listings

International Financial Management Decisions: Working Capital, Cost of Capital, Capital Budgeting and Country Risk (Basics)