crisis in Southeast Asia and the wisdom of having an Asian IMF. “Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.” — John Maynard Keynes The Economic Consequences of Peace Keywords: Exchange rate crisis; capital control; growth rates in China and ASEAN; East Asian financial crisis; US twin deficits; IMF; AMF. 1. Post-Crisis Per Capita Income A not well-known fact is that all the six economies in Southeast Asia adversely
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Important Statement The Board of Directors of China Everbright Bank hereby undertakes that all information included in this Report does not contain any false information, misleading statement or material omission. Annual Report 2009 of China Everbright Bank was deliberated and passed at the third meeting of the Fifth Board of Directors of the Bank on March 24th, 2010. KPMG Huazhen audited the Bank’s Annual Financial Statements in accordance with China Standards on Auditing for Certified Public
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International Finance Report PORSCHE RISK MANAGEMENT TOC \t "Subtitle, 1,Title, 2"\b _TOCRange Company Overview: PAGEREF _Toc \h 3 I. Foreign Exchange Exposure: PAGEREF _Toc1 \h 3 1.1 Operating Exposure PAGEREF _Toc2 \h 4 1.2 Transaction Exposure PAGEREF _Toc3 \h 5 1.3 Commodity Exposure PAGEREF _Toc4 \h 5 II. Porsche’s hedging strategies PAGEREF _Toc5 \h 8 2.1 Aggressive ‘Put options’ Hedging strategy PAGEREF _Toc6 \h 8 2.2 Diversifying Financing PAGEREF _Toc7 \h 9
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Brazil under Lula: Off the Yellow BRIC Road In 2001 Goldman Sachs had created the term “BRIC” to denote the group of emerging economies with high growth potential, including Brazil, Russia, India and China. But Brazil was the underperformer of the group and had some of the worst business-environment indicators among BRIC countries. “The second Lula administration is committed to a strategy of faster economic growth and higher living standards based on investment promotion, redistributive policies
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number of his colleagues and now paged through the statistics they had discussed. Dr. Khor wondered whether the monetary system that has served Singapore so well since the late 1970s—and had filled the void left by the collapse of the Bretton Woods currency system—was still the best model for Singapore to follow. Singapore’s managed float, sometimes referred to by journalists as a “dirty float,” stood in contrast to the systems used by some of its neighbors: Hong Kong had remained strongly committed
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following relationship (called uncovered interest-rate parity) will be satisfied: RA = RO + e* where RA = the Australian interest rate. RO = the interest rate in a specific foreign currency and for the same term. e* = the expected depreciation of the Australian dollar against the specified currency in the period concerned. Capital flows will ensure that this relationship is satisfied. For example, if RO + e* is greater than RA, funds will flow out of Australia to take advantage of the
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i s s u e osw Commentary 7 9 | 2 8 . 0 5 . 2 0 1 2 | C e n t r e f o r e a s t e r n s t u d i e s Tadeusz Iwański The countries of Eastern European and China have been increasingly interested in deepening bilateral contacts over the past few years. In the case of Ukraine, Belarus and Moldova this has been caused by the bad economic situation which was in part caused by the consequences of the global economic crisis of 2008 and the desire to establish closer political relations with
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such as China or Thailand? 4. What other options does TWO DOGS have? Could the company change to a multi-brand strategy by introducing a new brand targeting the low-end segment? C ASE 24 ABC CHEMICAL COMPANY GOES GLOBAL Driven by competitive pressures, and the attractiveness of the industry’s fastest growing market in the world, a U.S.-based chemical manufacturer, ABC Chemical Company (name changed to maintain confidentiality) considered expansion into Asia, specifically, China. William
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are as follows: The Great Eastern Life Assurance Company Limited and its insurance entities The Overseas Assurance Corporation Limited and its insurance entities As at 30 June 2013, the total equity of these insurance subsidiaries was S$5b and total assets were S$59b. The basis of consolidation for financial reporting can be found in Note 2.2 in the Notes to the Financial Statements of the 2012 Annual Report. 3. CAPITAL ADEQUACY Disclosures on the Group’s capital adequacy
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recommendations or changes in view of steering the company back into the right direction. 2. Key Issues 2.1. Reliance on US market and devaluation of foreign currencies From 2007 to 2011, over 90% turnover of Li & Fung is coming from US and Europe. All of these turnovers are only less than 1% turnover of the market in China which is the second largest economic body in the world. Due to the subprime mortgage crisis, US and Europe are in a very difficult financial situation. They are still
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