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IF-X07
(PGDM-PT 2007-10 : Term-VIII)

INTERNATIONAL FINANCE
(Executive PGDM Programme, 2009: 3.0 Credits)
Instructor: Prof. Banikanta Mishra

Course Content: This course teaches you about the foreign exchange market and instruments. You would learn about balance-of-payments and determination of exchange-rates. You would also be made familiar with the main instruments of the foreign-exchange market (forward, futures, option, and swap) and learn how they can be used along with other techniques to manage foreign-exchange exposure. We would also take up discussions of ways of financing international-trade (like Counter-trade, L/C, Banker’s Acceptance, Forfaiting) as well as the link between domestic economy and international trade. We would also briefly touch upon capital-budgeting and portfolio-management in the global context.

Text: Multinational Financial Management (Latest Edition) by Alan Shapiro [John Wiley]

Grade: Midterm-examination would carry a weight of 40%. The residual would be distributed among the final-examination and other assignments (like cases), if any. If we do any case (maximum three), each case-report would carry a weight of 5% and case presentation, if any, would carry a further weight of 5% (for the presenting group only).

Attendance: You MUST attend every class. You are allowed to miss up to two classes only if you or someone in your family is seriously ill or if there is death in your family (Heavens forbid!). I have the right to demand proof. If you miss any class in violation of this rule, 0.2 (per class) would be deducted from your QPI for each class missed.

Honour Code: You must abide yourself by the "code-of-ethics in educational-institutions". If you ever indulge in any action that "could have" (potentially) helped you score higher in an assignment (e.g. report, presentation, quiz, examination, project), you would fail in the "whole course", even if you do not make use of the help.

No-names Policy: In all your assignments (examinations, reports, quizzes, projects), mention only your roll-number. You must not mention your name in any of your assignments. If you write your name, you would be penalized.

Indicative Schedule:

Session
Topics Covered
Chapter(s)
1
Determination of Exchange Rates
Theories of Exchange Rate
2
2-3
Balance of Payments
Domestic Economy and World Trade
5
4-5
Currency Forward, Futures, Option, Swap
7, 8, 9
6-7
International Parity Conditions
4
8-9
Measuring Foreign-Exchange Exposure
10, 11
10-12
Managing Foreign-Exchange Exposure
10, 11
13-14
International Capital Budgeting
14, 17
15
Financing International Trade
18

Created By: Debasis Mohanty on 07/24/2009 at 10:50 AM
Category: ExPGP-III Doctype: Document

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