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COVER
STORY
Inflation
Targeting in Emerging Economies : The Case of India
-- U Jayalakshmi Srikumar
This article is an attempt to look at the policy
of inflation targeting in the emerging economies with
special reference to India. A brief overview of the
history of inflation in India makes a pointer to the
very high rate of inflation of 6.46% during the week
ended on March 10, 2007. This triggers thinking on the
instruments of inflation targeting and the preconditions
required for its successful implementation. Finally,
the efficacies of the instruments in vogue now and the
impact of the Annual Policy Statement 2007-08 have been
looked into.
© 2007 IUP . All Rights Reserved
RISK
Combination
of Trading Strategies
-- Aditya Iyengar
This article discusses the results of option trading
strategies applied to actual market conditions and explores
the possibility of formulating a new strategy, which
is a combination of two or more strategies. First, the
straddle and strangle strategies are applied to a five-year
options data and compared with returns from buy and
hold of futures for the same underlying and same time
period. Using these results, we first realize the shortcomings
of the strategies applied; then we try to overcome these
limitations by devising a new strategy that is a result
of combination of the earlier strategies.
© 2007 IUP . All Rights Reserved
RISK
Risk
Assessment of Investment Avenues
-- G Ramakrishna Reddy and Ch Krishnudu
Risk
assessment is one of the important steps in the risk
management process. Once risks have been identified
and assessed, the steps to properly deal with them are
much more programmatical. This article discusses the
basic understandings and the concept of risk to deal
with the investment avenues. It shows investors' attitude
towards risk and perception of investments thereon.
© 2007 IUP . All Rights Reserved
FOREX
Emerging
Trends in India's Exports and FDI Inflows
-- Badar Alam Iqbal
India's
macroeconomic fundamentals are technically sound. The
total exports of goods and services for 2006-07 are
US$196.23 bn and the trade deficit (for both goods and
services) is US$16.14 bn. Much more attention is focused
on infrastructural development to attract Foreign Direct
Investment (FDI) and India is already building more
highways than any other country in the world. This article
discusses the trends in exports and the recent developments
in FDI.
© 2007 IUP . All Rights Reserved
FOREX
Foreign
Trade in India
-- Naghma Azhar
On
the eve of independence in 1947, foreign trade of India
was typically known to the agricultural economy. Over
the last 60 years, India's foreign trade has undergone
a vast change in terms of composition and direction.
The exports include a wide range of traditional and
non-traditional items while imports consist mainly of
capital goods, petroleum products, raw materials and
chemicals to meet the ever-increasing needs of a developing
and diversifying economy. This article discusses these
issues and brings out the comparisons of various acts
involved in it.
© 2007 IUP . All Rights Reserved
SPEECH
International
Capital Flows and the Emerging Market Economies
-- Randall S Kroszner
© 2007 The US Federal Reserve System. Speech by Randall
S Kroszner, Member of the Board of Governors of the
US Federal Reserve System, at the Central Bank of Argentina
Seminar, Central Bank of Argentina, Buenos Aires on
May 15, 2007.
BOOK
REVIEW
Essentials
of Managing Treasury
-- Author: Karen A Horcher
Reviewed by Deepak Ukidave
Essentials
of corporate cash are helpful to the reader in knowing
the fundamentals for managing treasury. This book provides
useful coverage of treasury forecasting, risks, managing
cash and many issues to consider when selecting and
implementing treasury technology and services.
© 2007 IUP . All Rights Reserved
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