I. IntroductionThe financial crisis in the Asian economies in 1997 has created tremendous interests in the economic point of view. This report focuses on the economic situation of Hong Kong in 1997-98‚ which has some very special features among the economies in the region. In the Asian Financial Crisis‚ the economy in Hong Kong did not sufferer from any banking or currency crisis like some of the Asian countries such as Indonesia‚ Malaysia‚ South Korea and Thailand‚ which their troubles began with
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"Devarāja" is the Hindu-Buddhist cult of deified royalty in Southeast Asia.[1] It could be simply described as Southeast Asian concept of divine king. The concept viewed the monarch to possess transcendental quality‚ the king as the living god on earth‚ the incarnation of the supreme god‚ often attributed to Shiva or Vishnu. The concept is closely related to Indian concept of Chakravartin (universal monarch). In politics‚ it is viewed as the divine justification of a king’s rule. The concept was
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urrency Currency Hedging Melanie John MGT/448 8/30/12 Mike Zervos Currency Hedging Imagine buying products from another foreign market and having to first buy their currency in the amount needed to make the purchase. Considering currency fluctuates up and down just as stocks do at a stock market‚ investors are now taking advantage of currency hedging to lock in a set currency exchange rate. This paper will discuss what currency hedging is‚ when to use currency hedging and why it may benefit
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when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms. Lets us talk about the impact of exchange rate fluctuations on the exports and imports of a country. Exchange rate is simply the value of one currency in terms of another currency. In the international trade market‚ exchange rate plays a vital role for the demand of a product. Let us see how. Lets us consider a scenario when a home currency say Aussie $
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We discuss the currency depreciation vs. devaluation. Also‚ discuss the impact of currency depreciation from Indian economy perspective. Currency Depreciation & Impact Rajesh Kanjani (34473) rajesh.kanjani@hotmail.com SIBM Exe. MBA (2011-2014) Currency Devaluation vs. Depreciation The devaluation and deprecation of currency go more or less hand in hand. Currency depreciation is an economic result‚ whereas devaluing a currency is an act that results in currency depreciation. Many a times
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common person though‚ money simply means currency and coins. This is so because in India‚ the payment system‚ especially for retail transactions still revolves around currency and coins. There is very little‚ however‚ that the common person knows about currency and coins he handles on a daily basis. Here is an attempt to answer some of the Frequently Asked Questions on Indian Currency. Some Basics What is the Indian currency called? The Indian currency is called the Indian Rupee (INR) and the
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Currency derivatives Introduction Currency derivatives come in to existences as a hedging tool. As against unfavourable appreciation and depreciation of a single currency. Exporter‚ importer and financial investor have developed a vast range of currency derivative instruments are also used by speculators willing to arrange future currency selling or buying contracts while hoping hoping to buy or sell the currency at favourable anticipated exchange rates in the future. This act of speculator
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What is devaluation of a currency? It refers to decline in value of a currency with respect to other currencies‚ which is most of the times brought by central bank. It should not be confused with term depreciation of currency which is a decline in currency value due to market forces without interference of government. When does this happen and how? This happens mostly in developing countries which don’t allow currency prices to be determined by market forces. What happens is that they want to
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Since the issue of Chinese currency exchange rate against U.S dollar has been capturing widespread attention‚ the purpose of the study proposed herein is to profit from empirically analyzing the income elasticity and elasticity of exchange rate of gross Sino-US trade and commodities from ten main categories1 by employing quarterly data from 1996 to 2009‚ aiming to judge whether Chinese currency needs an appreciation or not. Ever since the 1980s‚ due to its upgrade in industrial structure‚ the United
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USD‚ pound‚ and euro for one month of April 2013 until May 20th 2013(obtained from historical exchange rate) and discuss comment the fund for the period. What is your forecast for these currencies for the month of June 2013 and why? 1) RM/USD (Direct Quotation) The following graph shows the historical trend of ask price for the selected currency pair and time period. Note the ask price is selling price of the bank offered. According to the graph‚ as we can see there is uncommon behaviour between
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