This document discusses several topics in international finance including the importance of international finance organizations like the IMF and World Bank established at Bretton Woods. It also covers balance of payments, international financial markets and instruments, and foreign exchange markets. Key concepts explained are components of the balance of payments, international flows of goods, services, and capital, determining exchange rates under fixed and flexible systems, and participants in foreign exchange markets like cash and spot markets.

1. Importance of international finance; Bretton
woods conference and afterward, IMF and the
World Bank; European monetary system –
meaning and scope.

2. The balance of Payment and
International Linkages: Balance
of payments and its components;
the International flow of goods,
services, and capital; Copying
with current account deficit.

3. International Financial Markets and
Instruments: International capital and
money markets; Money and capital
market instruments; Salient features of
different international markets;
Arbitrage opportunities; Integration of
markets; Role of financial intermediaries.

4. Foreign Exchange Markets: Determining
exchange rates; Fixed and flexible
exchange rate system; Exchange rate
theories; Participants in the foreign
exchange markets; Foreign exchange
market – cash and spot markets;
Exchange rate quotes