CA Inter / MBA International Financial Management | Text & Cases

International Financial Management provides an effective and detailed presentation of important concepts and practical application in today’s global business environment, which includes:

• Foreign Exchange Market
• International Financial System
• Eurocurrency Market
• Currency Futures & Options
• Swaps
• Country Risk Analysis
• Capital Budgeting

The key highlight of this book is that it uses several examples (both numerical & theoretical) to highlight the applications of various dimensions of international finance.

This book aims to fulfil the requirement of students of PGDM, MBA, M.Com., Master of Economics, Master of Finance & Control (MFC), MIB, other Post Graduate Diploma in Risk Management & other post-graduate specialized disciplines.

The Present Publication is the 4th Edition, authored by Prof. Madhu Vij. The book has been organized around five major areas, namely:

• [International Financial Environment] emphasizing its institutional set-up while discussing why is it important to study international finance. This area is further subdivided into four chapters, namely:
• Overview of the International Financial Management
• History of International Monetary System; Emphasis on Bretton Woods System
• International Financial Institutions with a particular focus on the World Bank, International Monetary Fund (IMF), and European Monetary System
• Balance of Payment Concepts and Accounting
• [The Foreign Exchange Markets]
• Derivatives
• Foreign Currency Futures and Options Contracts that are traded on Stock Exchanges
• Forex Markets with an emphasis on Fundamentals of Forex Trading,  Overview of Operations of the Spot and Foreign Exchange Markets, How is Foreign Exchange Quoted and Traded Worldwide
• [Managing Foreign Exchange Exposure]
• Management of Foreign Exchange Risk with a discussion on kinds of exposure MNCs face
• Translation Exposure or Accounting Exposure, which discusses the various methods for translating financial statements
• Management of Transaction Exposure that arises from contractual obligations denominated in a foreign currency
• Management of Economic Exposure
• [Financial Management of the Multinational Firm]
• Foreign Direct Investment
• Cost of Capital and Capital Structure of the MNC
• Application and Interpretation of MNC Capital Budgeting explaining various methods with the help of numerical examples and case studies
• Multinational Cash Management
• Identifies and Analyses the Various Dimensions of Country Risk Analysis
• Eurocurrency and Eurobond Market
• [Managing Foreign Operations]
• Interest Rate and Currency Swaps explaining how they can be used to reduce financing costs and risks
• Global Depository Receipts and American Depository Receipts

About the Author

Madhu Vij

Dr Madhu Vij is a former Senior Professor of Finance at the Faculty of Management Studies, University of Delhi, with over four decades of experience in teaching and research. She is recognised for her expertise in International Finance, Risk Management, Banking and Financial Services, Corporate Finance, and Accounting.

Dr Vij currently serves on the Governing Body of Shri Ram College of Commerce, University of Delhi, and represents the Trust at Lal Bahadur Shastri Institute of Management, Dwarka. She is also the Chair of the Academic Council and President of the Global Risk Management Institute in Gurugram. Her previous roles include serving as a Government Nominee at the Institute of Company Secretaries of India (2019–2023) and holding Independent Directorships in four public limited companies; she continues to serve in this capacity for one public limited company. Additionally, Dr Vij was a Non-Executive Independent Director of MOIL Limited, a Mini Ratna PSU, from 2010 to 2013. She has also been a member of the Board of Governors at the Arun Jaitley National Institute of Financial Management (NIFM) and the Academic Advisory Body of the Indian Institute of Management, Sirmaur.

A recipient of the Alumni Excellence Award from Shri Ram College of Commerce, University of Delhi, Dr. Vij attended the Global Colloquium on Participant-centered Learning at Harvard Business School, Boston. She served on the Panel of Judges for the Prime Minister's Trophy, selecting the best steel plant (2011–2013), and contributed as a member of the Ad-Hoc Task Force for the Results Framework Document (2011–2013).

Dr Vij's research, consultancy, and training activities focus on Risk Management, Project Management, Strategic Financial Management, Case-based Learning and Teaching, and Finance for Non-Finance Managers. She has presented research papers at national and international conferences, serves on the editorial boards of various journals, and actively reviews for several academic publications and conferences. Her research interests encompass credit ratings and financial crises, enterprise risk management, corporate sustainability, country risk analysis, foreign exchange risk management, treasury management, corporate valuation, asset-liability management, and corporate governance. Over the years, she has led multiple projects sponsored by organisations such as the UGC, RBI, ICSSR, SAIL, and the University of Delhi.

Dr Vij's publications include numerous papers in reputable academic journals as well as books on International Financial Management and Corporate Finance for MBA participants at NIIT (USA). She has co-authored "Merchant Banking and Financial Services" and "Women's Studies in India: A Journey of 25 Years."

Beyond her finance expertise, Dr Vij served as the Director of the Women's Studies and Development Centre at the University of Delhi (2012–2013). She remains actively involved in gender studies, having delivered special talks and led a project on microfinance and gender.