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COVER
STORY
Dollar:
The Falling Angel - - Arindam Banerjee
Once
more the world's leading currency, the US dollar is under
threat. A lot of discussions are currently going on regarding
the stability of the dollar and its fate. Several triggers
have been identified and remedial measures have been suggested.
This article gives an in-depth study of the fate of the dollar
in the near future and looks at the feasibility of the world's
surplus nations to invest in dollars with the possible existing
investment avenues.
© 2005 IUP. All Rights Reserved
COVER
STORY
Weak
Dollar: US Domestic Compulsions or Rest of the World's Indecisiveness - - KL Narasimha Rao
A
weak dollar has global implications in derailing the world
economy. The Federal Reserve Bank chairman's measured increases
in the interest rates and the deliberate "weak dollar" policy
followed by the US government have posed a challenge to the
European and Japanese central banks. The critical issue here
is the way the twin deficits of the US government are to be
tackled. The European Union and Japan are advocating restructuring
of the domestic deficit and using dollar depreciation to tackle
its current account deficit.
© 2005 IUP. All Rights Reserved
COVER
STORY
Decline
in Dollar- Beneficial for Japanese Yen? - - G Alivelu
The
USD/JPY decline is mainly due to the current account deficit
of the US economy, the upward trend in oil prices and the
pegging of the Chinese Yuan with some of the major currencies.
The tough stand taken by the Bush administration narrowed
the budget deficit; yet, the future is bleak for the US dollar
as it may continue to be weak in the year 2005 also.
© 2005 IUP. All Rights Reserved
TREASURY
Anonymous
Screen-based Order Matching Trading System: Issues & Concerns - - CSL
The
Reserve Bank of India's (RBI) proposed launch of an "anonymous
screen-based order matching trading system", as another module
on the Negotiated Dealing System (NDS), raises several questions.
These questions not only concern governance issues but also
the issues pertaining to the existing regulations in the market.
This article provides an in-depth understanding on the working
of the system along with the grueling concerns that need to
be addressed before the actual implementation of the same.
© 2005 IUP. All Rights Reserved
TREASURY
Deflation:
A Macro Perspective - - Shilpa M Rao
Among
the many macroeconomic indicators that can have an impact
on the nation's economy, deflation is a primary one. It is
one of those economic variables that the economists fear the
most. The article encapsulates the trends of deflation in
the global context that includes countries like Japan, China,
Taiwan and Europe. It then moves on to discuss how deflation
can be transmitted to other nations and how it can pose a
challenge to the central banks of the countries.
© 2005 IUP. All Rights Reserved
FOREX
Technical
Analysis in Foreign Exchange Market - - Sanjeev Kumar
Predicting
future events, calls for precise use of mathematical tools.
In the foreign exchange markets, the use of technical analysis
provides one such means by which the future movement of the
market can be predicted. This article focuses on the use of
technical analysis in the foreign exchange market with reference
to trend analysis and other quantitative methods of analysis,
including, various types of moving averages and oscillators
that are normally used to predict the future price movements.
© 2005 IUP. All Rights Reserved.
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