Replacing the rigid FERA, FEMA liberalized foreign exchange transactions, classifying them into Current Account (trade, interest payments) and Capital Account (investments, loans) transactions.
Deep dives into the rules governing international trade, specifically the Foreign Exchange Management Act (FEMA) regulations, Foreign Exchange Dealers' Association of India (FEDAI) directives, and International Chamber of Commerce (ICC) publications.
Which would you like? (I’ll assume you want the structured article-style summary and study guide and will produce that unless you ask otherwise.) Replacing the rigid FERA, FEMA liberalized foreign exchange
The relationship between inflation differentials and exchange rate adjustments.
The book (published by Sultan Chand & Sons ) is widely considered the definitive manual for mastering the mechanics of international finance, global currency markets, and cross-border risk assessment. Written by Prof. C. Jeevanandam, a veteran academic and former banker with decades of deep field experience, this text effectively bridges the gap between intricate monetary economics and the hard, practical calculations required by working banks and corporate treasuries. (I’ll assume you want the structured article-style summary
Covers the conceptual pillars, including Foreign Exchange Regulations , Balance of Payments , and the role of the International Monetary Fund (IMF) .
The book does not just rely on academic formulas. It merges core economic concepts with the ground realities of dealing with commercial banks, exchange control regulations, and international procedures. 2. Comprehensive Regulatory Coverage managing a corporate treasury
This breadth of coverage makes the book an invaluable resource, whether you are preparing for a professional qualification, managing a corporate treasury, or pursuing an academic degree in finance.