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THE
OTHER SIDE
Recent
Rise in Undesirable Consumerism: `Credit' to Credit Cards?
© 2005 IUP. All Rights Reserved.
SPEECH
Activities
of the Bank: The Year 2004-05 in Review - - Malcolm D Knight,
© 2005, Bank for International Settlements, Basel, Switzerland
(www.bis.org).
COVER
STORY
The
Other Side of FDI - - K Seethapathi, Arindam Banerjee
Of
late, majority of the economies all over the world have opened
their door to Foreign Direct Investment(FDI). The FDI extends
a number of benefits to the host countries in terms of economic
development, employment generation and technology transfers.
At the same time there are some negative sides to the FDI
flow like increased level of competition in the economy and
concentration of investment in selected sectors to mention
a few. This article tries to explore the other side of the
FDI in an economy.
© 2005 IUP. All Rights Reserved
FOREX
FDI
in India: Recent Trends and Prospects - - Sandeep Kapur
The
economic reforms of 1991 opened the Indian economy for foreign
players. For FDIs, India has now become a hot destination
because of its vast potential. The Indian investment setting
is constantly changing and the country has become the third
most preferred destination for investors after China and the
US. This note places recent trends in FDI inflows and policy
changes in a historical context, and assesses the role that
foreign capital can play in continuing economic growth.
© 2005 IUP. All Rights Reserved
FOREX
Role
of FDI in the Economic Development of Developing Economies - - Pramod Kumar
In
recent times, the Foreign Direct Investment (FDI) has become
a main source of foreign capital for developing economies
and the inflow is showing an increasing trend. This paper
elaborates the role FDI plays in the economic development
of the developing economies. The increasing role is due to
the fact that it brings in the most modern technology, capital
skilled labor, etc. Considering this, most of the developing
economies are providing excellent investment climate towards
foreign capital.
© 2005 IUP. All Rights Reserved
FOREX
Emerging
Trends in FDI: Empirical Evidence - - A Srujan
Foreign
Direct Investment has evolved as a vital resource for the
economic development of different countries. Though the future
trend of inward and outward FDI flows seems to be positive,
a lot depends on the factors like global economic trends,
liberalization activities and stock market cycles within the
different regions and countries. This article makes an attempt
to study the Global, Regional and Country trends in FDI.
© 2005 IUP. All Rights Reserved.
FOREX
FDI
in India and China - - PV Sarma
Asian
countries, especially China and India have a commanding lead
in attracting more FDIs compared to other Latin American countries.
There is a continuous reduction in the gap between the FDI
flow in developed and developing countries globally. Compared
to India, China is having an edge over India in attracting
more FDI. A study report by UNCTAD expects a rise in the FDI
flow to India if the government continues with the economic
reforms with a commitment to attract more FDI. This article
presents an assessment on the FDI flow to China and India.
© 2005 IUP. All Rights Reserved
FOREX
FDI
in Service Sector: Pathway to Economic Growth - - KP Unnikrishnan
Recent
studies show that the share of service sector has increased
to 60% of the entire global FDI stock. Now developed countries
and developing countries are competing to attract foreign
direct investment in services. The advancement in the information
and communication technologies has added magnetism to the
tradability of services across the border. This article gives
a note on the importance of FDI in service sector and how
it benefits the host country's economy.
© 2005 IUP. All Rights Reserved
FOREX
Non-deliverable
Forwards in Foreign Exchange Markets - - TR Shastri
Normal
foreign exchange risk management tools such as forward contract
involve delivery on the assumed due date. These are permitted
in all developed and developing foreign exchange markets.
But to hedge the risk arising out of dealing in currencies
having capital controls by nonresidents, foreign exchange
markets, the largest and most innovative among the markets,
have evolved new products such as non deliverable forwards
and swaps. This article explains the salient features of such
products, the size and the impact on the normal foreign exchange
markets.
© 2005 IUP. All Rights Reserved
RISK
Credit
Risk Modeling: An Introduction to CreditRisk+TM Model - - Amandio FC da Silva
The
areas of risk management are becoming more and more complicated
day by day. With these complexities, there is an ever increasing
demand for successful risk management techniques and methodologies.
The credit risk modeling helps to build a structure for effective
credit risk management. The banks and financial institutions
all over the world are attempting to model the credit risk
which involves the application of mathematical techniques
in quantifying the risk. The article initiates the importance
and application of credit risk modeling.
© 2005 IUP. All Rights Reserved
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