CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

International Financial Management
The World Monetary System, Balance of Payments, Fundamental Equilibrium Relations, Foreign Exchange Market Mechanism, Currency Risk Management and International Financing form the subject of study. The initiation is through an understanding of ‘Exchange Rate Regimes’. Starting with the Gold Standard and the Bretton Woods system, Dr. P G Apte of IIMB, conducts the study through Floating Systems, SDRs, the role of IMF, Adjustment Processes and Currency Blocks. The topic of Balance of Payments touches upon accounting thumb-rules (also see FM/AC2), concepts of current account, capital account, defi cit, surplus and convertibility. How are exchange rates determined? What is ‘Purchasing Power Parity’ and ‘Covered Interest Parity ’? What are the various models of exchange rate determination? These questions are answered under the topic of Fundamental Equilibrium Analysis. The Global Forex Market, Exchange Rate Quotations, Arbitrage and the Forex Market in India are covered. Classifi cation of Currency Risk and Exposure Management is the penultimate topic. The lesson concludes with an introduction to Euro-markets, major funding avenues and GDRs.
FM/AF11

25 Mins

31 Mins

95 Pages
Equivalent classroom time: 12hrs