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INTERVIEW
Global
Financial Crisis: India won't slip into Depression
-- Anita C Raman
Here,
Krishnan Sitaraman of CRISIL Fund Services expresses
his opinion about the financial crisis with respect
to the Indian markets.
SPEECH
The
Tenth Anniversary of the Euro : A Time to Reflect
-- Erkki Liikanen
© Speech by Mr Erkki Liikanen, Governor of the Bank
of Finland, at the Professor Ragnar Nurkse seminars,
Bank of Estonia, Tallin, 10 September 2008.
COVER
STORY
Anatomy
of Lehman Bankruptcy
-- Ravikant
The
recent fall of Lehman Brothers followed a wild, three-day
mix-up by the topmost Wall Street executives and federal
government, which worked round the clock to come up
with a solution to a still-unfolding financial crisis.
This article discusses the issue in brief.
© 2008 IUP . All Rights Reserved
TREASURY
Interest
Rate Moves: Impact on Markets
-- Harinath G
The
interest rates play a crucial role in any economy, more
so in emerging economies. In this backdrop, the author
tries to chronicle the movement of interest rates in
India from last financial year till date. Besides, he
enumerates the steps initiated by Reserve Bank of India
in maintaining interest rates in the economy, and their
impact on the financial markets (banking sector and
capital markets).
©2008 IUP . All Rights Reserved
FOREX
Reverse
Mortgage in India
-- I Janaki
Reverse mortgage is a credit intended for senior
citizens by transferring their permanent asset (house)
into a channel of income. The title holder of the residence
is not required to pay back the loan during his life
time. It is giving financial security in the old age.
At the same time, it has some disadvantages also. The
loan amount is always less than the value of the house
and interest is of varied nature. There are ample evidences
of reverse mortgage frauds in countries like the US
and the UK. In fact, there is not much excitement for
reverse mortgage loans in India, but attracted by incentives,
sales people are after elderly people, particularly
those who are away from their children, to go for them.
© 2008 IUP . All Rights Reserved
FOREX
Olympic
Curse and China
-- Swaha Shome
It
has been observed that every country that has hosted
the Olympics since World War II has seen a fall in its
growth rate following the event. This year, as the Olympics
ended, economists were worried about a visible slowdown
in the Chinese economy. Will the `Olympic curse' as
the above experience has been called, fall on China
as well?
© 2008 IUP . All Rights Reserved
FOREX
America
Up for Grabs Foreign Investors Rush for US Trophy Assets
-- P S Sarath Chandra
While subprime mortgage crisis continues to shake
the Wall Street and housing markets across the world,
the world's super rich investors seem to be blissfully
unperturbed. Investors from the Gulf, Europe and emerging
economies have been on the lookout to acquire trophy
assets in America that were once considered to be the
symbols of its pride.
© 2008 IUP . All Rights Reserved
RISK
Real
Option Analysis
-- Divya Agarwal
The real option analysis is a new tool in capital
budgeting that enhances chances of fair decision-making
with regard to capital expenditure. This article discusses
the advantages of ROA over the existing capital budgeting
techniques. Further, it explains valuation models with
illustrations.
© 2008 IUP . All Rights Reserved
RISK
Currency
Futures: Dynamic Shift in Currency Trading
-- Swarnalata Philip
The
recent initiation of currency futures in India has been
hailed as a step towards a freer economy and as a move
towards capital account convertibility. The proposed
market is expected to provide opportunities to not only
those who have exposure to the underlying foreign exchange
transactions but also to individuals and currency traders.
As three exchanges have already submitted applications
and have begun the groundwork like finalizing the infrastructure,
software, etc., the market is expected to start functioning
very shortly. This may mark an important turning point
for currency trading and hedging in India. This article
brings out the salient features of the proposed market
and its probable impact on various prospective participants
of the market.
© 2008 IUP . All Rights Reserved
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