Until 1997‚ Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result the region’s economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time‚ the regional economies of Thailand‚ Malaysia‚ Indonesia‚ Singapore‚ and South Korea experienced high growth rates‚ 8–12% GDP‚
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India’s balance of payments in transition C. P. Chandrasekhar Jayati Ghosh Recent weeks have seen a weakening of the rupee‚ even as the BSE Sensex shows signs of buoyancy. Underlying this trend are developments on the balance of payments front which point to a transition that could lead to an increase in external vulnerability‚ argue C. P. Chandrasekhar and Jayati Ghosh. WITH the rupee touching a 10-month low early this October and settling at well above the 44-to-the dollar mark‚ observers
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To better understand the fluctuating dollar value against the rupee‚ let us get to know some basics: Exchange rate – the rate at which a currency can be exchanged. It is the rate at which one currency is sold to buy another. Foreign exchange market – Also known as “Forex” or “FX”. It is a market to trade currencies Indian foreign exchange rate system – India FX rate system was on the fixed rate model till the 90s‚ when it was switched to floating rate model. Fixed FX rate is the rate fixed
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Accounting Standard 10: Accounting for Fixed Assets • Fixed asset is an asset held for producing or providing goods and/or services and is not held for sale in the normal course of the business. • Cost to include purchase price and attributable costs of bringing asset to its working condition for the intended use. It includes financing cost for period up to the date of readiness for use. • Self-constructed assets are to be capitalised at costs that are specifically related to the asset and those
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http://www.articlesbase.com/finance-articles/fixed-versus-floating-exchange-rate-229803.html Floating Exchange Rate The floating exchange rate is a market-driven price for currency‚ whereby the exchange rate is determined entirely by the free market forces of demand and supply of currencies with no government intervention whatsoever. Broadly‚ the floating exchange rate regime consists of the independent floating system and the managed floating system. The former is where exchange rate is
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i) Are there any hidden assumption of price rigidities in Saudi Arabia that might inhabit market force indicators from revealing the true economic health of the country‚ there by either preventing government policy actions from correcting the problems or otherwise making them ineffective and counterproductive? How difficult is it to invest and repatriate profits and how would you deal with the need for educated managers and executives that can operate effectively in Saudi Arabia? Ans: The case
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THE PROBLEMS OF FINANCING INTERNATIONAL TRADE IN NIGERIA TABLE OF CONTENT Title page Approval page Dedication Acknowledgement Abstract Table of content CHAPTER ONE 1. Introduction 1. Background of the study 2. Statement of the problem 3. Objective of the study 4. Research questions 5. Research hypothesis 6. Significance of the study 7. Delimitation‚ scope and limitation of study 8. Definition of Terms CHAPTER TWO 2. Review of related literature 1. An
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Structural adjustments are the policies implemented by the International Monitory Fund (IMF) and the World Bank in developing countries. These policy changes are conditions for getting new loans from the International Monetary Fund (IMF) or World Bank‚ or for obtaining lower interest rates on existing loans. Conditionalities are implemented to ensure that the money lent will be spent in accordance with the overall goals of the loan. The Structural Adjustment Programs (SAPs) are created with the
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Assignment Titles 1. Examine the implications for an economy of a rising exchange rate FT 23 8 11 p16 Exchange rate kills Australian steel exports FT 7 9 11 p4 Bold move seen as high risk (Swiss max exchange rate)) FT 9 9 11 p32 Hong Kong faces dilemma over its peg to the dollar Financial Update 11/12 see Brazil‚ Australia‚ Switzerland and Japan Introduction Whilst popular opinion centres on the assumption that rising exchange rate has mostly positive effects on the economy
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1. The Barter System: hệ thống hàng đổi hàng 2. Coinage: hệ thống tiền tệ 3. European Monetary System (EMS): Hệ thống tiền tệ Châu Âu 4. Exchange Rate Mechanism (ERM): Cơ chế tỷ giá hối đoái 5. Single Currency: a unit of money that is used by more than one country 6. Foreign Exchange Exposure: rủi ro tổn thất hối đoái - the risk of losing money in fx 7. Speculator: a person who buys goods‚ property‚ money‚ etc. in the hope of selling them at aprofit 8. foreign exchange broker: a person or
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