Report on Foreign Exchange Reserves Reserve Bank of India Central Office Mumbai 2005-06 (covering period up to March 2006) Content Movement of Reserves 1. Introduction 2. Review of Growth of Reserves since 1991 3. Sources of Accretion to Reserves in the Recent Period 4. External Liabilities vis-à-vis Foreign Exchange Reserves 5. Prepayment/Repayment of External Debt 6. Financial Transaction Plan (FTP) of IMF 7. Adequacy of Reserves 8. Investment Pattern and Earnings from
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Devaluation of the Rupee: Tale of two years – 1966 and 1991 Since its Independence in 1947‚ India has faced two major financial crises and two consequent devaluations of the rupee. They were in 1966 and 1991. Foreign exchange reserves are very important for any country to engage in International commerce. Having huge sums of reserves helps trade with other nations and also reduces the transaction costs associated with international commerce. When a nation runs out of foreign currency and finds
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Subject: Fixed versus floating exchange rates Introduction The exchange rate regime The exchange rate regime is the way a country manages its currency in respect to foreign currencies and the foreign exchange market. Each country has its exchange rate policy which determines the form of a government influence on the currency exchange rate. There are three main type of the exchange rate regime: • a floating exchange rate‚ where the market dictates the movements of the exchange rate
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Individual Case Assessment Rachael Rudock Dr. Brenda Harper International Business – MGMT 338 February 6‚ 2012 Introduction Countries outside of the U.S.‚ like Argentina‚ rely on the value of the American dollar. They do this because they want to keep their currency “pegged” to the American dollar. According to Businessdictionary.com the definition of a pegged exchange rate is‚ “System in which the value of a country ’s currency‚ in relation to the value of other currencies‚ is maintained
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INTRODUCTION: The balance of payment has been an important indicator of the growing economic activities in all countries. The purpose of this essay is to discuss factors that causes Balance of payment problems that are encountered by developing and emerging economies. This essay starts off with an introduction of the definition of B.O.P and the overview of its components. This is followed by an insight into the approaches used to explain deficits from the current account of the B.O.P. Furthermore
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Task 1 Anon (2011) Actavis Pharma: “Company Profile” [Online] available on http://www.actavis.com/NR/rdonlyres/531352E2-50BE-4485-ADC5-052DBE111BA9/0/Actavis_Company_Profile_FEB_2013.pdf - Accessed 11 March 2013 Anon (2008) Banif Bank: “Banif Bank (Malta) plc” [Online] available on http://www.banif.com.mt/banif_bank_plc - Accessed 11 March 2013 Anon (2011) Tipico: “The Company” [Online] available on https://www.tipico.com/en/company/ - Accessed 11 March 2013 (2010) TimesofMalta
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Executive Summary This report is written to analyze the dollarization in Vietnam‚ including the causes‚ current situation‚ its effects in the domestic economy and some proposed solution to minimize the dollarization. According to the standard set up by IMF‚ Vietnam is considered as one of countries that have underwent the dollarization. Also‚ in IMF’s judgment‚ among three types of the dollarization‚ our country’s current situation is on the way of unofficial dollarization. About the reasons
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International Trade and Finance Speech ECO/372 - Principles of Macroeconomics May 13‚ 2013 Foreign Exchange Rates One may try to understand what exactly a foreign exchange rate is. To help understand‚ let’s view a foreign exchange rate as exchanging one dollar at a department store for a product. If one were to go into a department store and purchase a pair of socks in a three pack for one dollar‚ or each for 33 cents
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Because a national government cannot go bankrupt‚ someone hold this opinion that it is safe to lend to a foreign government. As to me‚ I don’t agree that it’s definitely safe to lend to a foreign government. Compared with the other investment methods‚ lending to a national government in the country’s own currency is often considered "risk free". However‚ risks can be more suffered when it comes to foreign national debt Firstly‚ ‚ the market interest rate tends to be unstable and different for debts
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The Monetary Policies of the Asian Financial Crisis and its Ramifications Introduction: At the end of the 1980s and early 1990s‚ the economies of Southeast Asia developed rapidly. Thailand‚ Malaysia‚ Indonesia‚ Singapore and Korea experienced an average annual GDP growth of 12%‚ which was called “the Asian miracle”. Among them‚ Thailand experienced approximately 15% GDP growth‚ and Malaysia experienced almost 20% GDP growth. But this momentum of economic growth did not last long. This rapid development
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