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COVER
STORY
Subprime
Lending Crisis : Impact on Global Markets
-- Sudha Kallem
The
US subprime lending market crisis continues to rattle
the global financial markets like a distant tornado
that seems to grow in momentum by the week for Dalal
Street, even as players make a valiant attempt to shrug
off the fear by looking at the positives at home. This
article discusses the relevant issues and the impact
on various other markets.
© 2007 IUP . All Rights Reserved
TREASURY
Financial
Market Innovations : A Paradigm Shift and New Dynamics
-- Radha Purswani
Financial
innovation and securitization of loan receivables in
the financial markets have lately been riddled with
bankruptcies and credit unavailability generally depressing
the financial markets globally. This article discusses
the relevant issues and describes the trends and developments.
© 2007 Radha Purswani. All Rights Reserved.
RISK
Beta
as a Measure of Risk : A Guide for Investors
-- Rajeswari Krishnan
One of the most popular indicators of risk is a
statistical measure called Beta that seems to be a great
way to measure the risk of any stock. This article throws
some light on what the measure means to investors. While
Beta does say something about measuring price risk,
it does have its own limitations for investors looking
for fundamental risk factors.
© 2007 IUP . All Rights Reserved
FOREX
Foreign
Exchange Reserves : The Fragility Issue
-- Vijay Kumar Mishra
Prior to liberalization, Indian foreign exchange
reserves were reduced to such a level that it was not
sufficient enough to pay even for few weeks' imports.
Continous depletion of foreign exchange reserves had
forced the policy makers to open up the financial sector.
The new reformative policy played a crucial role in
enhancing foreign exchange reserves. This article analyzes
various components, growth and utilization of foreign
exchange reserves.
© 2007 IUP . All Rights Reserved
FOREX
Banking
and Insurance in Singapore
-- Ajab Juzer Gandhi
After
overcoming various crises the Singapore economy has
grown steadily and recorded 7.9% growth in 2006. It
is expected to grow 6% this year. The Monetary Authority
of Singapore (MAS) is the central bank of Singapore
which is formulating and executing Singapore's monetary
policy, issuing Singapore currency and acting as a banker
and financial agent to the government since 1971. It
has proven its capabilities and has taken Singapore
to new highs. The Singapore banking sector consists
of 112 commercial banks or domestic banking units, 48
merchant banks, 3 finance companies, 157 Asian currency
units and 44 representative offices whereas the Singapore
insurance sector has a diverse network of 72 direct
insurers, 27 professional reinsurers, 62 captive insurers
and 5 authorized reinsurers providing insurance services
apart from a total of 64 insurance brokers which involve
top notch international insurance and reinsurance brokers.
© 2007 IUP . All Rights Reserved
SPEECH
Will
Strong Growth in the Banking Industry Continue? Views
on the balance of Risks
-- Jarle Bergo
© 2007 Speech by Jarle Bergo, Deputy Governor of Norges
Bank (Central Bank of Norway), at a banking industry
seminar on primary capital certificates, Oslo, September
13, 2007.
CASE
STUDY
Measuring
Business and Financial Risks
-- A Study on Grasim Industries Ltd. : Debasish Sur
and Somnath Das
perating
in a highly cyclical industry with intense competition,
Grasim Industries Ltd. now combines high business and
financial risk. This case study attempts to measure
the relationship between the operating and owner's profitability
using various regression methods.
© 2007 IUP . All Rights Reserved
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