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,, N, Johohho

In: Business and Management

Submitted By chandani
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Lecture 10 & 11 Vijayanta Pawase

Causes and Kinds of BOP Disequilibrium

Balance of Payments Adjustments

Direct Measures to correct BOP

Problems of Exchange Control
Exchange Control Currencies become inconvertible Foreign trade restricted Creates a multiple exchange rate system Creates Conditions for Bilateral Trade Agreements

Foreign Exchange Rate

Structure of Foreign Exchange Market

Functions of Foreign Exchange Market
(i) Transferring foreign currency from one country to another where it is needed in the settlement of payments;

(ii) Providing short-term credit to the importers, and, thereby, facilitating smooth flow of goods and services between the countries; and

(iii) Stabilizing the foreign exchange rate by spot and forward market; sale and purchase of foreign currencies.

Kind of Foreign Exchange Market
Spot Market: The spot market refers to that segment of the foreign exchange market in which Sale and purchase of foreign currency are settled within two days of the deal. The spot sale and Purchase of foreign exchange make the spot market. The rate at which foreign currency is bought and sold in the spot market is called spot exchange rate

Forward Market: The forward exchange market refers to the deals for sale and purchase of a foreign currency at some future date at a presettled exchange rate. When buyers and sellers enter an agreement to buy and sell a foreign currency after 90 days of the deal, it is called forward transaction

Nature of Foreign Exchange Transactions
• .
The nature and purpose of foreign exchange transactions are such that the exchange rate fluctuates day by day, some times even hour by hour. Therefore, the foreign exchange transactions involve risk and hence an opportunity to make profits. On the basis of their riskiness and profitability, foreign exchange transactions can be classified as (i)...

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