Welcome to Guest !
 
       IUP Publications
              (Since 1994)
Home About IUP Journals Books Archives Publication Ethics
     
  Subscriber Services   |   Feedback   |   Subscription Form
 
 
Login:
- - - - - - - - - - - - - - - - - -- - - - - - - - - - - -
-
   
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
The IUP Journal of Applied Economics

September' 08
Focus

The current issue contains seven research papers that cover exchange rate fluctuations, sustainability of balancing items in balance of payments, technology policy, price discrimination, price effects of derivatives, and alternative trade strategies from the perspective of water loss.

Articles
   
Price(INR)
Buy
Power Laws in Exchange Rate Fluctuations
Sustainability of Balancing Item in 18 Industrial Countries' Balance of Payments Accounts: An Empirical Study
UK Technology Policy, The New Economy and Productivity in UK Manufacturing Industry
Price Discrimination and Targeted Advertising: A Welfare Analysis Rosa
Linearity and Stationarity of South Asian Real Exchange Rates
Price Effects of Introduction of Derivatives: Evidence from India
India's Alternative Trade Strategy from the Perspective of Water Loss
Select/Remove All    

Power Laws in Exchange Rate Fluctuations

--Takashi Obara

This paper analyzes the daily time series of Japanese yen exchange rate against the US dollar by a model of stochastic differential equation whose coefficient oscillates cyclically. The expectation value and the variance of the series are derived by solving the equation. It is shown that their power spectrums are expressed by the power function, w-h, where w is the angular frequency and 1.9 < h < 2.6. It is also revealed that the power spectrum of the expectation value has two breaking points and that of the variance has one breaking point.

Article Price : Rs.50

Sustainability of Balancing Item in 18 Industrial Countries' Balance of Payments Accounts: An Empirical Study

--Tuck Cheong Tang

This study analyzes the sustainability of balancing item (errors and omissions) of balance of payments accounts of 18 industrial countries employing unit root tests with level shifts. Initially, the descriptive summary suggests that the balancing items of the 18 industrial countries are considered to be `too big'. The results also suggest that balancing items of balance of payments accounts of all the 18 industrial countries are sustainable, except for Iceland, Denmark, Japan, Italy, France and Spain.

Article Price : Rs.50

UK Technology Policy, The New Economy and Productivity in UK Manufacturing Industry

--Tony Buxton and Gerry Kennally

UK has transited from a situation of technology subsidy in the 1980s to the profit-driven best and fair technology environment in the 1990s. But the question is which has been more significant in terms of long-run influence on the productivity and competitiveness of the UK manufacturing industries. This paper attempts to find the structural differences in UK manufacturing industries during 1970-2005 within the Cobb-Douglas production function framework with R&D as one of the factors. The empirical investigations in the paper confirm the short-run structural impact, and non-significant long-run effects on productivity and competitiveness of the technology policies.

Article Price : Rs.50

Price Discrimination and Targeted Advertising: A Welfare Analysis Rosa

--Branca Esteves and Paulo Guimarães

This paper presents a monopolistic model of price discrimination by means of targeted informative advertising. Targeting is defined as the ability of the firm to direct messages with different contents to different segments of consumers. Segmentation is based on different valuations of the firm's product. The monopolist chooses the level of advertising for each segment of consumers and discriminates price accordingly. The paper shows that when targeting is imperfect the monopolist will over advertise to the highest valuation group of consumers to the detriment of the lowest valuation group. Only when targeting is perfect will the seller behave in a socially desirable manner.

Article Price : Rs.50

Linearity and Stationarity of South Asian Real Exchange Rates

-- Venus Khim-Sen Liew, Hock-Ann Lee, Kian-Ping Lim and Huay-Huay Lee

In this paper, the linearity and stationarity of the real exchange rates of India, Nepal, Pakistan and Sri Lanka are investigated using formal linearity and the recently developed nonlinear stationary test procedures. Results obtained show that these real exchange rates are stationary despite the presence of nonlinearity. This finding suggests that, it is possible to monitor and forecast the behavior of these nominal exchange rates, as well as to determine their equilibrium values using the corresponding relative prices.

Article Price : Rs.50

Price Effects of Introduction of Derivatives: Evidence from India

--Venkata Chakrapani Chaturvedula and Bandi Kamaiah

This study looks at the impact of derivatives listings on returns of the underlying assets. Employing event study methodology, the study finds significant and positive abnormal returns around futures and options listing announcement dates in the National Stock Exchange (NSE). The results show that market capitalization of stocks on an average increased for each stock in the sample from day 0 to day 10. The evidence obtained from the study support the `market completion hypothesis' which is valid in the context of the US, the UK and other developed countries.

Article Price : Rs.50

India's Alternative Trade Strategy from the Perspective of Water Loss

--Maniklal Adhikary and Samrat Chowdhury

Water has increasingly become scarce all over the world . Water is also being traded in its virtual form across nations. Trade policies can alter the magnitude and direction of flow of virtual water between nations. Regulating the virtual water flow is important as excess export of water would mean a net loss of our resource which in turn may put pressure on our already falling water table. Adoption of trade policies should not only be guided by traditional parameters like economic growth, but also by consideration of sustainability of our precious resource, water.

Article Price : Rs.50

Search
 

  www
  IUP

Search
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Click here to upload your Article

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

more...

 
View Previous Issues
Applied Economics