Publisher's Synopsis
International finance has evolved in all aspects, be it in terms of institutional framework, rules and regulations, standardized operations, innovative financial products or policy framework. International trade and business have helped economies grow and bring prosperity across nations. Hence, the interface between international trade and business and international finance is cohesive. There are various facets of international finance including globalization, foreign direct investment, foreign exchange markets, balance of payments, institutional framework strengthening like World Bank, BIS, IMF and many others which are covered in the book. The foreign currency exchange market is the largest financial market both by volume and turnover. Forex market is developing at a better than average pace though it is also said that the foreign exchange market is still in the nascent stage in India. The issues of foreign currency regimes, exchange rate fluctuations, and the forex rate volatility dynamics and its impact on economies are interesting to understand. The book provides chapters from learned academicians in their field discussing the contemporary developments in international finance and the dynamics of evolving international financial markets.
