Abstract:
The wave of liberalisation and globalisation sweeping across the world has opened many national markets for international business. The twin forces of liberalisation and globalisation have led to a remarkable surge in the volume of business in the last couple of decades, highlighting the need for greater vigilance, scrutiny and transparency in the working of business organisations. These forces have also led to unprecedented changes in the corporate world and have been instrumental in creating innovative means for communicating financial information to the market place. The field of information technology too has witnessed remarkable advance resulting in dramatic changes in the way business is being transacted all over the world. The wide expansion of global markets has greatly influenced the movement of funds. Innovative financial instruments have been evolved to deal with new global economic realities and a more complex business environment. When the international business environ...
