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This book is an attempt to capture the future impact and implications of the U.S. Current Account Deficit, which has become a global concern due to the fear that this would affect not only the U.S. but also her trading partners in future. The deficit has started to grow from the early eighties, and now it is of a record magnitude. The concern is that if the deficit continues in this manner, will it be harmful for the global economy as a whole? There are two ...
The Indian Mutual Fund Industry has come of age. It has grown over the years in terms of total assets under management (AUM), number of AMCs, number of schemes and types of schemes aimed at different segments of households with varying risk appetite. Mutual funds hold a significant share in total funds deployed in the capital market. It has grown to such an extent that a separate regulatory body is being contemplated for this industry. However, this industry is ...
Central banks of emerging markets in Asia started making large stocks of forex reserves especially after the financial crisis of Asia (1997-98). Now the question is, whether they need to keep so much of reserves or not. Experts who are against keeping so much of reserves are of the opinion that, since most of them are invested in US Treasury bills, the return is very low. Therefore, opportunity cost of maintaining a large reserve is very high. They also argue ...