B.Com. (Banking and Insurance) International Finance Syllabus - Mumbai University
This is the Fourth Year BBI Honours syllabus under NEP 2020, in force from the academic year 2026-27. The fourth year is new in 2026-27, and the University runs it as two separate courses: Honours, and Honours with Research.
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Syllabus for International Finance
Module I: Fundamentals of International Finance
- Meaning and Scope of International Finance-Balance of Payment- Components Measures and Mechanism to correct Disequilibrium in Balance of Payment - Deficit in Balance of Payment-Concept of Currency Convertibility, Capital Account Convertibility International Monetary System- Gold Standard-Features-Bretton Wood System- Background and Features- Reasons for its Failure-Smithsonian Agreement-SDRs
- Current Exchange Rate Systems – Fixed and Flexible Exchange rate- Merits Demerits- Types of Fixed Exchange Rate- Hard Pegs and Soft Pegs- Types of Flexible Exchange Rate- Managed and Free Float, and other Hybrid Mechanism
Module II: Foreign Exchange Markets
- Introduction- Market and Market Participants- Structure of Forex Markets-The Mechanics of Currency Trading-Types of Transactions and Settlement Dates Exchange Rate Quotations and Arbitrage (Geographical, Triangular and Interest Rate)- Short Date and Broken Date Forward Contracts- Borrowing and Investment Decisions Determinants of Exchange Rate – Purchasing Power and Interest rate Parity
- Foreign Exchange Management in India- Retail and Wholesale Component of Indian Foreign Exchange Market- Role of FEDAI- FEMA and Regulatory Framework Dealing Room Operations
Reference Books
- Apte P.G. International Finance – A Business Perspective, New Delhi, TATA McGraw Hill , McGraw Hill Education; 2 edition.
- Bhalla V.K. international Financial Management - S.Chand Publishing International Financial Management, Thummuluri Siddaiah, Pearson Education India,2009.
- International Financial Management by P.G. Apte
- International Financial Management by Maurice D. Levi
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.