nternational banking and finance deals with the developments in the international financial systems and their effect on the capital markets and banks all over the world.
International banking and finance performs the analysis of international financial operations with the help of macroeconomic theories and applications.
International banking and finance tries to find out the methods of risk management for international financial institutions through investigation of various issues.
International banking and finance studies the structure of financial operations of important foreign countries such as the United States, the United Kingdom, China, Canada, France, Germany, Japan etc.
The areas covered by international banking and finance include the following:
International trade and commerce
International financial news
Foreign exchange
Various types of banks including retail banks, merchant banks, and discount houses
Unit trusts/investment trusts
Company finance
International stock exchanges
International accounting principles
International banking technology
The important international banking and financial institutions of the world include:
The Bank for International Settlements (BIS)
European Bank for Reconstruction and Development (EBRD)
The World Bank
International Monetary Fund (IMF)
International Organization of Securities Commissions (IOSCO)
The Asian Development Bank (ADB)
Asia-Pacific Economic Cooperation (APEC)
The International Bank for Reconstruction and Development (IBRD)
International Development Association (IDA)
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
International Center for Settlement of Investment Disputes (ICSID)
The international banking and finance organizations offer funds as well as valuable advices to various countries for accomplishing economic growth and eradication of poverty.
The activities of international banking and finance organizations are concentrated on the developing countries. The areas of their function include rural and agricultural development (rural services, irrigation etc), human resource development (health and education), protection of environment (reducing pollution, constituting and implementing regulations), infrastructural services (electricity, road, urban renovation plans), as well as governance (prevention of corruption and foundation of legal institutions).
International banking and finance organizations offer loans and grants to a large number of developed, developing, as well as poor countries. They also invest in the private sector and offer insurance services. They play a significant role in providing education and various capacity-building programs to a large number of countries and participating in social programs, for example collection of funds for fighting AIDS in poor countries.