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The Euro Zone Crisis and its Dimensions and Implications

Anand, M R; Gupta, G L; Dash, Ranjan - eSocialSciences - 2012

The sovereign debt problems in the peripheral economies of the euro zone has started to pose a serious threat to the main economies of the Europe and perhaps to the future of the 'euroâ€˜ itself. Such a situation is a far cry from the optimism and grand vision that marked its launch. This...

Persistent link: https://www.econbiz.de/10009493971

A Model of Market Clearing Exchange Rates

Parchure, Rajas - eSocialSciences - 2009

This paper formulates a model of exchange rate determination that describes the market processes by which the foreign exchange markets are cleared and international receipts of countries are brought into equality with their international payments. The model is capable of being explicitly solved...

Persistent link: https://www.econbiz.de/10004964285

OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development

Arora, Dayanand; Rathinam, Francis Xavier - eSocialSciences - 2010

The paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated entity are considered legally valid in India. A good reporting system and a post-trade clearing and...

Persistent link: https://www.econbiz.de/10008509776

Exchange Market Pressure and Monetary Policy

Younus, Sayera - eSocialSciences - 2010

The objective of this study is to examine empirically the impact of monetary policy on exchange market pressure (EMP) in Bangladesh. EMP is measured as the sum of percentage change of international reserves scaled by the monetary base and nominal exchange rate appreciation.Domestic credit, the...

Persistent link: https://www.econbiz.de/10008543092

Regional Monetary Units for East Asia: Lessons from Europe

Eric, Girardin; Alfred, Steinherr - eSocialSciences - 2009

This paper reports the European experience with a basket currency, the ECU. The ECU was initially introduced as a … initiatives and use of the ECU for denomination of financial instruments. In practice, it turned out that a basket currency …. From an economic view point, weights depend critically on the purpose of the basket currency: is it a reference indicator …

Persistent link: https://www.econbiz.de/10004972719

Developing Asian Local Currency Bond Markets: Why and How?

Spiegel, Mark M. - eSocialSciences - 2010

This paper examines the motivation for, and the success of, regional efforts in Asia to promote local currency bond … markets. The analysis demonstrates that Asian local currency bond markets made substantial gains as a region going into the … promoting local currency bond markets and the gains that have been made to date. While most of the initial motivations for …

Persistent link: https://www.econbiz.de/10008677779

The Financial Crisis: A Wake-Up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?

Winkler, Adalbert - eSocialSciences - 2010

harmonization and coordination of regulation and supervision, with a strong focus on maturity and currency mismatch problems, would …

Persistent link: https://www.econbiz.de/10008677786

Challenges and Opportunities in a Trillion Dollar Economy

C, Chakrabarty K - eSocialSciences - 2011

The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada, Brazil and Russia. In fact, over the period 1960 to the late 1980s, Indiaâ€™s GDP in US...

Persistent link: https://www.econbiz.de/10009321469

What Drives Forward Premia in Indian Forex Market?

Sharma, Anil Kumar; Mitra, Anujit - eSocialSciences - 2007

This paper explores the behaviour of the forward premia for US$ vis-à-vis INR during the five-year period of September 2000 to September 2005. Indian forex market experienced a peculiar phenomenon in the years 2003 and 2004 where the forward premia on US$ spot (cash) vis-à-vis Indian rupee...

Persistent link: https://www.econbiz.de/10009250475