the factors that influence the price of currency derivatives (forward rate, swap points, interest rates, futures price, option premium) Course Contents Unit I International Dimensions of Financial Management : The Emergence of the MNC, Nature of the MNC, Objectives of the Firm & Risk Management, Domestic Financial Management & International Financial Management 2L International Monetary System : History of International Monetary System, Present Day Currency Regimes 4L
Unit II Balance of Payments (BOP) : Principles of BOP Accounting, Components of BOP, Significance of ‘Deficit’ & ‘Surplus’ in BOP, India’s BOP and Economic Performance, Capital Mobility and Capital Account Convertibility. 4L The Foreign Exchange Market, Exchange Rate Determination, and Currency Derivatives : The Foreign Exchange Market – Functions – Exchange Rates and Quotations – Indian foreign Exchange Market, Foreign Currency Derivatives – Currency Options , Futures, Forwards, Swaps – Foreign Currency Derivatives in India , International Parity Conditions – Purchasing Power Parity- Interest rate Parity, Foreign Exchange Rate Determination. 8L Unit III Foreign Exchange Exposure & Risk Management : Two dimensions of Foreign Exchange Risk (viz. Exposure & Unanticipated change in Foreign Exchange Rates ), Types of exposure Measuring and Managing Economic Exposure, Transactions Exposure & Translation Exposure : (a) internal hedging strategies. (b) External or market based Hedging strategies. 10L Unit IV International Financial Markets : International Banking & Money Market- International banking Services –Capital Adequacy Standards-International Money Markets, International Equity Sources - Global Equity Markets-Methods of Sourcing, International Bond Market 4L Unit V Financial Management of MNCs : Foreign Direct Investment and Cross- Border Acquisitions; Impact of Internationalization on Optimal Financial Structure - Financial Structure of Foreign Affiliates; Multinational Capital Budgeting- Capital Budgeting: An overview- Capital Budgeting for Foreign Projects – Two Foreign Complexities- Parent vs project valuations; Multinational Cash Management- The Management of Multinational Cash Balances- Cash Management Systems in Practice- Transfer Pricing & Related Issues- Blocked Fund Reading and text books Apte, PG : International Financial Management, Tata McGraw Hill. Eiteman, Stonehill & Pandey: Multinational Business Finance, Pearson Education Eun & Resnick: International Financial management, Tata McGraw-Hill Jeff Madura: International Corporate Finance, Cenage Learning O’ Brien: International Finance, OUP Reference: Butler: Multinational Business Finance, Thomson Learning
UNIVERSITY OF ENGINEERING & MANAGEMENT, JAIPUR MASTER OF BUSINESS ADMINISTRATION (MBA) COURSE DESCRIPTION Title of Course: INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT Course Code: FM -405 L-T Scheme: 3L+1T Course Credits: 4 Objective: The objective of this course is to give the students an in-depth knowledge of the theory and practice of Investment decision making process and portfolio management.
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