Globalization and China’s Economic and Financial Development (Preliminary draft– not to be quoted 9/8/05) Gregory C. Chow To understand China’s economic reform and development since 1978 one may conveniently divide the topic into its domestic and international aspects even though the two are closely related. It is the purpose of this essay to examine the international aspects as China has taken part in the process
Words: 7415 - Pages: 30
on the financial system stability. My discussion today will be confined to the regulatory framework in India in regard to forex, debt and credit derivative markets and the regulatory imperatives arising in dealing with these instruments and their future development, particularly in the context of global developments. The financial markets, including derivative markets, in India have been through a reform process over the last decade and a half, witnessed in its growth in terms of size, product profile
Words: 5083 - Pages: 21
individual risks involved in capital-markets and trading activities can be interconnected and may transcend specific markets. The examiner must apply a multitude of analyses to appropriately assess the riskmanagement system of an institution. The assessment of risk-management systems and controls may
Words: 9713 - Pages: 39
there are complementarities between these two objectives, especially in the long run, the same need not hold in the short-run. A stable macroeconomic environment - low and stable inflation, sustained growth and low interest rates - can generate excessive optimism about the future economic prospects and often the risks are downplayed. Accordingly, episodes of financial instability often have their origins in environment of macroeconomic stability. Thus, macro economic stability need not necessarily
Words: 3379 - Pages: 14
government could utilize their power in creating money, which would affect exchange rate, output prices or revenue. Still a lot of countries have developed interest in maintaining different currencies even when they have limited ability to create money, particularly money at a national differentiated growth rate. For example during the era where money was rated equivalent to the price of precious metals or were pegged to gold, exchange rates were fixed. This involves, the gold standard of the 19th and 20th
Words: 2401 - Pages: 10
BRAC University Journal, vol. V, no. 2, 2008, pp. 81-91 FOREIGN EXCHANGE RISK MANAGEMENT PRACTICES - A STUDY IN INDIAN SCENARIO Sathya Swaroop Debasish Department of Business Management Fakir Mohan University Vyasa Vihar, Balasore - 756019 Orissa, INDIA ABSTRACT Indian economy in the post-liberalisation era has witnessed increasing awareness of the need for introduction of various risk management products to enable hedging against market risk in a cost effective way. This industry-wide
Words: 5520 - Pages: 23
manufactured products. Furthermore, this demand affects the price of crude oil, which consequently impacts the cost of maritime shipping. To get a complete view of the whole shipping industry while searching for various transportation costs, the Baltic Exchange goes through the costs of each of the following four ship sizes. Capemax, which accounts for 10 percent of the global fleet, this are ships capable of carrying 100,000+ tons of deadweight and are, therefore, too big to pass through the Panama
Words: 1041 - Pages: 5
P. ASSIGNMENT: GUIDELINES FOR THE FX MARKET ANALYSIS & TRADING STRATEGIES REPORT Foreign Exchange Treasury Dealing Report Task You are a foreign exchange dealing team working for a large Vietnamese bank. Your team trades major Asian and world currencies (VND, AUD, SGD, JPY, USD, EURO, GBP and HKD) and has been asked by your senior manager to provide him with a report on the following: 1. An outline and explanation of the behaviour of the at least two currency pair (e.g. VND/USD, VND/EURO, and VND/AUD
Words: 1550 - Pages: 7
INTRODUCTION The emergence of the market for derivative products, most notably forwards, futures and options, can be traced back to the willingness of risk-averse economic agents to guard themselves against uncertainties arising out of fluctuations in asset prices. By their very nature, the financial markets are marked by a very high degree of volatility. Through the use of derivative products, it is possible to partially or fully transfer price risks by locking-in asset prices. As instruments
Words: 16915 - Pages: 68
factors that led to the crisis. An overview is given of the policy measures that the international financial institutions (IFIs), such as the IMF, have taken to deal with the crisis. Some of the arguments and policy proposals made to try to avoid future crises are also covered. Eshan Karunatilleka ECONOMIC POLICY AND STATISTICS SECTION HOUSE OF COMMONS LIBRARY Recent Library Research Papers include: 98/119 98/120 99/1 Unemployment by Constituency - November 1998 Defence Statistics 1998
Words: 16600 - Pages: 67
