|
INTERVIEW
The
Dollar Dilemma of OPEC
-- Karin Kneissl
"In
the recent past, the debate on ending OPEC member-states'
peg to the dollar was often driven more by political
than economic motives."
© 2007 IUP . All Rights Reserved
SPEECH
The
Growing Importance of Emerging Economies in the Globalized
World and its Implications for the International Financial
Architecture
-- Jean-Claude Trichet
© 2007 Speech by Jean-Claude Trichet President of the
European Central Bank, Tenth L K Jha Memorial Lecture,
Reserve Bank of India, Mumbai, November 26, 2007.
COVER
STORY
OPEC-Dollar
: Conundrum
-- P S Sarath Chandra
For
many years, the members of OPEC have pegged their currencies
to the dollar. Now they are in a quandary, as it is
causing a bad bout of inflation and creating export-import
mismatch in their economies.
© 2008 IUP . All Rights Reserved.
TREASURY
Performance
Evaluation in Indian Banking
-- Sagar R Dave
The
Indian banking system is in a better position than ever
before in terms of its growth and development. This
is in alignment with the importance of balance scorecard.
The performance of the banking sector has improved globally
over the past few years. This article focuses on the
same issue.
© 2007 IUP . All Rights Reserved
FOREX
Common
Asian Currency and its Impact on International Trade
-- Sukhada Watkins
The
Indian economy has taken a huge leap forward since its
1991 crisis. The gradual and systematic implementation
of liberalization, privatization and globalization has
yielded positive results for the economy. India is one
among the few countries, which were not hit by the Asian
currency crisis of 1997. The center of gravity has shifted
towards the East and the East Asian economies have grown
stronger after the crisis. The international trade in
this region has also expanded significantly. After the
successful implementation of euro in Europe, the attention
of the economists has shifted to East. The idea is to
explore the possibility of implementation of a similar
common currency for Asia by 2050 and the role that INR
can play in the process.
© 2007 IUP . All Rights Reserved
FOREX
Single
Euro Payment Area : A Big Revolution in Payment Processing
-- Ravi Kant
Since
the introduction of bank notes and coins in 2002, consumers
have been able to make cash payments throughout the
euro area using a single currency. And now the time
has come to allow consumers to make cashless payments
throughout the euro area from a single account. In this
backdrop, the article focuses on the advantages of SEPA
for a cross-section of users, the architecture of SEPA
and implementation challenges.
© 2007 IUP . All Rights Reserved
FOREX
Indian
IT Industry : Will it be a Victim of `Dutch Disease'?
-- Jyotsna Tadikonda and Veerendra P Emani
Rupee's
roaring appreciation against the dollar since January
2007 is sending shock waves to the Indian exporters.
Software, textile, leather, sugar and pharmaceutical
industries are badly affected by the appreciation of
the rupee. However, the IT industry seems to be more
concerned as it gets the major portion of the revenues
from overseas market and is a dream industry to work
with for the younger generation of the country. This
article focuses on the effects of the rupee appreciation
on the Indian IT industry while briefly touching upon
the reasons for the rupee appreciation.
© 2007 IUP . All Rights Reserved
RISK
Financial
Transformation through Securitization
-- Jisha George
The
process of economic liberalization has opened new ways
for the growth of the financial services sector. Increased
competition and the requirements of fast growing economy
have prompted the companies and fund managers to innovate
customized products that could channelize funds from
the investors. Securitization is one such instrument.
It is a process whereby an owner of receivables (the
originator or seller) sells his receivables to a third
party (the purchaser or Special Purpose Vehicle) in
return for a price payable immediately on sale. In this
process, the long-term assets of a lending institution
are replaced with liquid assets.
© 2007 IUP . All Rights Reserved
|
