| COVER
STORY ECBs
: A Win-Win Situation
- - Anita C Raman and Shilpa Baid The
liberalization of the Indian financial sector has brought in many policy reforms.
These measures allow the Indian companies to look for alternative avenues of funding
from various markets abroad. Of late, many companies are jumping on the External
Commercial Borrowing (ECB) bandwagon to source their funds at a cheaper rate.
In this backdrop, the article broadly focuses on ECB, its purpose, analysis and
advantages of the same for the companies/borrowers.
© 2007 IUP . All Rights Reserved
TREASURY
Who
will Marry CBOT?
- - Manish Agarwal
The
article discusses the current ongoing merger deal between two largest and oldest
commodity exchanges of Windy City. It also discusses how a new deal was struck
when just a seven-year-old exchange came into picture and gave the counter bid
for CBOT. In the end, a comparison is done for both the proposals of merger and
it is left to the readers to decide who is the most suitable candidate.
© 2007 IUP . All Rights Reserved
RISK
Stock
Index Futures : A Global Experience
- - Sharon K Jose
It
is well-known that markets in stock index futures or more generally, in baskets
of securities, offer a preferred trading medium for uniform liquidity traders
who wish to trade portfolios as adverse selection costs are typically lower in
these markets than in other individual securities. This article explains the immense
liquidity and popularity of markets in stock index futures.
© 2007 IUP . All Rights Reserved
RISK
Trading
Arbitrage with Box Spread Strategy
- - Radha A Purswani A
phenomenon of booking profits by an arbitrager in case of price disparity is mostly
witnessed in the the financial markets. This article gives a brief review of different
theories that propose the possibility of arbitrage opportunities. An attempt is
made to empirically prove the existence of arbitrage with Box Spread Strategy.
© 2007 IUP . All Rights Reserved
RISK
Is
the Current Gold Price Sustainable?
- - Dibyendu Dutta
Gold
is no longer confined to jewelry but is becoming a preferred investment tool in
India. At present, India accounts for 23% of the world's jewelry demand and around
35% of global investment in gold comes from the country. However, a large number
of investors put their money in gold, not only for growth in investment, but also
to use the metal for making jewelry later. The article discusses the relevant
issue.
© 2007 IUP . All Rights Reserved
FOREX
Emerging
Relationship between Globalization and FDI
- - Badar Alam Iqbal Globalization
has sparked one of the most highly charged debates of the past decade-the subject
of countless books and the cause of major demonstrations in Europe and North America.
It is recognized by its supporters and detractors alike, as a major trend of the
last two decades, not unlike a snowball that gathers strength as it rolls, carrying
with it most of the bystanders. The article discusses the emerging relationship
between globalization and foreign direct investment.
© 2007 IUP . All Rights Reserved
SPEECH
Credit
derivatives risks and opportunities
- - Lars Nyberg
© 2007 Speech by Lars Nyberg, Deputy Governor of the Svergies Riksbank, at a meeting
at Startegi Torget Bank, Finans & Forsakring, Stockholm, March 13, 2007. BOOK
REVIEW A
View from the Outside : Why Good Economics Works for Everyone
- - Author: P Chidambaram Reviewed by Swaha Shome Economics
is `the science of the possible made to look like the art of the impossible' outcomes.
Every year the finance minister of India has to perform the great Indian hope
trick of balancing the act between revenue and expenditure, tax rates and tax
sops, growth and equity, reforms and the status quo. Within these constraints,
however, there is much that a finance minister can actually accomplish, as P Chidambaram,
one of India's most accomplished economists and commentators, shows in A View
from the Outside, a collection of columns that assesses the promises and performance
of the NDA government during the period from 2002 to 2004.
© 2007 IUP . All Rights Reserved |
