problem 1: Describe in detail how the financial architecture has evolved over a period of time.
problem 2: What are international financial flows? Describe the structure of the balance of payments and discuss the fundamental principles governing recording of the flows.
problem 3: Describe in detail the Purchasing Power Parity (PPP) and the Interest Rate Parity (IPR)
problem 4: Why is cost of capital distinct across countries?
problem 5: What are the various factors responsible for the recent surge in international portfolio investment?