| COVER
STORY Internationalization
of Indian Rupee
-- TR Shastri
From
being the currency of a closed economy to that of a near liberal capital account
convertible economy, the Indian rupee has traveled a long way. When the economy
gets globalized, the currency cannot remain localized. One of the issues examined
by the recent committee on Full Capital Account Convertibility (FCAC) is that
the process of Capital Account Convertibility (CAC) could lead to internationalization
of Indian rupee. Interestingly, the Indian rupee was earlier extensively used
in several countries, thanks to the British Empire. In fact, till 1970, Indian
rupee was a valid currency in one of its neighboring countries. Perhaps, the day
is not far when the Indian rupee will no longer be an Indian.
©
2007 IUP . All Rights Reserved
COVER
STORY Global
Rupee: Issues and Challenges
-- C Anita Raman
The
process of liberalization of Indian economy has led to the opening up of current
account and this initiated actions on convertibility of capital account. This
idea got strengthened when Prime Minister Manmohan Singh advised RBI to relook
at the merits of Fuller Capital Account Convertibility (FCAC). This article focuses
on the advantages of full convertibility and vulenarable events that can trigger
a crisis. It also discusses a few issues on FCAC. ©
2007 IUP . All Rights Reserved
TREASURY
Role
of Technology in Centralizing Treasury
-- Kalyan J Sandilya
This
article discusses the various issues involved in managing payments, cash and treasury
operations in various locations and tries to explore how successful implementation
of technology brings change in the cash management. ©
2007 IUP . All Rights Reserved
RISK
Flex
Option: An Introduction
-- Smitha Ramachandran
Flex
options are new derivatives instruments to trade in Index Options. An investor
has the flexibility to choose the underlying features and can design a customized
option for oneself. ©
2007 IUP . All Rights Reserved
RISK
Environmental
Hedge Funds and the Kyoto Protocol on Emissions Trading
-- Amandio FC da Silva
Carbon
credits are very attractive to hedge funds that can make a clean profit to hedge
their position in other volatile portfolios that they may hold.
©
2007 IUP . All Rights Reserved
RISK
Risk-free
Clearing and Settlement Systems: Implementation Issues
-- YG Sivaram
Nowadays, creating a robust clearing and settlement environment has become
an often-discussed topic. The emerging markets, the growth of financial markets,
the increased focus on cross-border activity and financial market deregulation
in different parts of the world have made the settlement process complex. This
article looks into the issues involved in the implementation of clearing and settlement
system. Hence, the need for looking into the implementation issues.
©
2007 IUP . All Rights Reserved
FOREX
Indo-US
Economic Relations: On the Rise
-- Badar Alam Iqbal
Since
the liberalization of Indian economy, there has been an enormous improvement in
Indo-US economic and trade relations. This article reviews the emerging trends
in Indo-US economic relations. ©
2007 IUP . All Rights Reserved
SPEECH
Dynamics
of Balance of Payments in India
-- YV Reddy
©
2006 Reserve Bank of India, All Rights Reserved. BOOK
REVIEW The
WTO : A Discordant Orchestra
-- Author: TK Baumik Reviewed by Saroj Upadhyay
The
book presents a chronological description of the developments in the WTO from
its formation after the Uruguay Round of Talk. The complex dimension of various
conflicts has been presented with necessary details. The root cause of dispute
in WTO is conflicting interests between the rich and the poor nations. The episodes
of various ministerial conferences have been adequately presented. An up-to-date
analysis of WTO Negotiations in the recently held Hong Kong meet have also been
incorporated. The author concludes that the key issues need to be addressed with
a view to ensuring effective multilateralism. ©
2007 IUP . All Rights Reserved |
