M.A. ECONOMICS (SEMESTER-WISE) - Dr BR Ambedkar University

DR. BHIM RAO AMBEDKAR UNIVERSITY, AGRA .UNIT 4: Non-bank Financial Intermediaries and Financial MarketsDefinition and types of non-bank financial institutions: Their growth and impact on India’s economicdevelopment, Measures taken to control their operations. Role and structure of money market andcapital market — Call money market. Treasury bill market, Commercial bill market including commercialpaper and certificate of deposits, Discount market — Government securities market — Markets forderivatives: futures and options, and other derivatives: types, uses and pricing of derivatives — Primaryand secondary market for securities; SEBI: its impact on the working of capital market in India; IRDA andits role in financial markets.UNIT 5: International Financial MarketsNature, organization and participants — Exchange rates — devaluation, and depreciation — Working offloating exchange rates since 1973 — Risk hedging and futures in exchange rates — InternationalFinancial Flows, forms and volume — Rise and fall of Bretton wood Institutions — InternationalLiquidity — Post Maastricht developments — Reforms in International monetary system for developingcountries — Lending operation of World Bank and its affiliates — Working of IDA and IFC. The Theory ofoptimum currency areas — Growth of Regional financial institutions. Asian Development bank and itslending activities; Asian Development Bank and India. Euro-dollar and Euro-Currency markets: theirdevelopmental role and regulation at the International level.Recommended Books• Bhole, L.M., Financial Institutions and Markets, Tata McGraw Hill Company Ltd., New Delhi.• Bhole, L.M., Indian Financial System, Chugh Publications, Allahabad.• Edminster, R.O., Financial Institutions, Markets and Management, McGraw Hill, New York.• Goldsmith, R.W. , Financial Structure and Development, Yale, London.• Hanson, J.A. and S. Kathuria, India: A Financial Sector for the Twenty-first Century, OxfordUniversity Press, New Delhi.• Harker, P.T. and S.A. Zenios, Performance of Financial Institutions, Cambridge University Press,Cambridge.Page 56