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Thesis: Ph. D., Massachusetts Institute of Technology, Department of Economics, 1980 / Bibliography : leaf 127. / by Kazuo Ueda. / Ph. D. / Ph. D. Massachusetts Institute of Technology, Department of Economics

published_or_final_version / Business Administration / Master / Master of Business Administration

published_or_final_version / Economics and Finance / Master / Master of Economics

published_or_final_version / Economics and Finance / Master / Master of Economics

M.Com. (Economics) / Please refer to full text to view abstract

A Thesis submitted to the Faculty of Commerce of the University of the Witwatersrand, Johannesburg, for the degree of Doctor of Philosophy December 1978 / The breakdown of the system of fixed exchange rates, which occurred in the western world in the early 1970s, has exerted marked effects upon the exchange rate policies adopted by South Africa. In particular, it has resulted in the local monetary authorities practising a more active policy concerning the exchange rate value of the rand. The purpose of this thesis is to describe and analyze the exchange rate policies of the Renublic during the period from 1971 to 1977, and to offer recommendations For change. The research procedure followed involved extensive gathering of information from published literature, together with confidential information disclosed to the writer by the Deputy Governor of the Reserve Bank. The thesis is divided into four sections. Section A reviews the traditional exchange rate policy adopted by the South African authorities, and their long-standing support for fixed but adjustable exchange rates in the international monetary system. Section B incorporates on historical review and analysis of changes in the exchange rate for the rand which have materialised since 1971. Section C focuses attention upon the attitudes of the local authorities over the issue of reform of the exchange rate regime in the international monetary system in the past few years. Section D is devoted to an analysis of specific policy issues which have arisen in the conduct of exchange rate policy in South Africa, and highlights areas where improvements could be made. All four chapters in this Section were submitted as evidence to the current Commission of Inquiry into the Monetary System and Monetary Policy in South Africa. One important conclusion of the study is that the more flexible exchange rate policy adopted in South Africa has had very limited success in affecting positively the current account of the balance of payments. Conversely exchange rate policy appears to have been more successful in improving the position on tht capital account. (iv) Another conclusion concerns deficiencies which exist in the provision of foreign exchange facilities, and particularly in regard to forward exchange. In some respects South African policy is characterized by exchange rates and facilities which bear little relation to market conditions. It is recommended that j mor># competitive market in foreign exchange should be established in both spot and forward transactions.

by Lai, Cheuk-wai Charles, Ng, Kwok-kwong Philip. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves 63-65. / TABLE OF CONTENTS / ABSTRACT --- p.i / TABLE OF CONTENTS --- p.ii / LIST OF EXHIBITS --- p.iv / ACKNOWLEDGEMENTS --- p.v / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- METHODOLOGY --- p.4 / Chapter III. --- INTEREST RATE SWAP --- p.7 / Basic Mechanism of Interest Rate Swap --- p.7 / Interest Rate Swap in Its Simplest Form --- p.8 / Interest Rate Swap with Intermediary --- p.9 / Basis Swap --- p.11 / Arbitrage --- p.12 / Application --- p.16 / New Instruments --- p.21 / Chapter IV. --- CURRENCY SWAP --- p.25 / Swap in Foreign Exchange Market --- p.25 / Swap in Capital Market --- p.26 / Chapter V. --- COMPARISON BETWEEN SWAP AND OTHER INSTRUMENTS --- p.38 / Chapter VI. --- RISKS ATTACHING SWAP CONTRACTS --- p.41 / Interest Rate Risk --- p.43 / Default Risk --- p.45 / Chapter VII. --- SWAPS IN PRACTICAL ENVIRONMENT --- p.57 / New Attitudes of Swap Intermediaries --- p.57 / Situations and Prospect of Swap Market --- p.59 / Empirical Use of Swap in the Market --- p.60 / Chapter VIII. --- CONCLUSION --- p.61 / BIBLIOGRAPHY --- p.63

by Law Kwok Fu, Frank. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references (leaf 34). / ACKNOWLEDGEMENT --- p.2 / Chapter 1 . --- INTRODUCTION --- p.3 / Chapter 2. --- SPOT CONTRACT --- p.7 / Chapter 3. --- FORWARD CONTRACT --- p.8 / Chapter 4. --- CURRENCY FUTURES --- p.10 / Chapter 5. --- CURRENCY OPTIONS --- p.14 / Chapter 6. --- CURRENCY WARRANTS --- p.17 / Chapter 7. --- CONCLUSION. --- p.32 / BIBLIOGRAPHY / APPENDIX / Chapter 1. --- Some of currency futures and options listed in overseas exchanges --- p.35 / Chapter 2. --- Details of currency warrants available in the market --- p.37 / Chapter 3 . --- Raw data --- p.38 / Chapter 4. --- Graphs of the DM spot rate and the daily price movements of 3 warrants --- p.41 / Chapter 5-7. --- The relative daily change in DM spot rate in % against the daily change in price of the 3 DM warrants --- p.45