SYALLBUS-
Unit 1-Foreign trade Foreign trade - meaning, distinction between balance of trade and balance of payments ,direction and composition of foreign trade of India, foreign trade policy of India.
Unit 2-Foreign Exchange Concept of foreign exchange , methods of exchange rate determination ,monetary approach under fixed exchange rate and flexible exchange rate, gold standard, mint parity theory, PPP theory, hedging, speculation, arbitrage, interest parity, concept of spot exchange rate and forward exchange rate, exchange rate dynamics (exchange rate overshooting)
Unit 3-Exchange control Meaning and objectives, unilateral exchange control Methods – Regulation of Bank rate, foreign trade, foreign exchange, exchange pegging, exchange equalization fund and blocked accounts. Bilateral exchange control Methods – Transfer Moratoria, Private Compensation, Clearing, Standstill and payments agreements.
Unit 4- International Financial Institutions International Monetary System -Bretton woods system and IMF, objectives, working-quota ,SDR, financing facilities and financing methods. Reforms of international financial institutions, effect of international monetary system on developing countries, IBRD and its associate institutions.
- Teacher: Sharad Dixit