List of Acronyms
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Institution List „A“
Institution List „A“ • Abu Dhabi Fund for Development • African Development Bank Group (AfDB) • African Development Fund (AfDF) • Nigeria Trust Fund (NTF) • African Export-Import Bank (AFREXIMBANK) • Arab Bank for Economic Development in Africa (BADEA) • Arab Fund for Economic and Social Development (AFESD) • Arab Trade Financing Program (ATFP) • Arab Maghreb Union (AMU) • Arab Monetary Fund (AMF) • Andean Community General Secretariat • Andean Development Corporation (CAF) • Arab Authority for Agricultural Investment and Development (AAAID) • Arab Gulf Programme for United Nations Development Organizations (AGFUND) • Arab Organization for Agricultural Development (AOAD) • Arab Planning Institute - Kuwait • Asia-Pacific Economic Cooperation (APEC) • Asian and Pacific Coconut Community (APCC) • Asian Clearing Union (ACU) • Asian Development Bank (AsDB) • Association of Natural Rubber Producing Countries (ANRPC) • Association of Southeast Asian Nations (ASEAN) 1 Institution List „B-C“ • Bank of Central African States (BEAC) • Central Bank of West African States (BCEAO) • Common Market for Eastern and Southern Africa (COMESA) • Baltic Council of Ministers • Bank for International Settlements (BIS) • Black Sea Trade and Development Bank (BSTDB) • Caribbean Centre for Monetary Studies (CCMS) • Caribbean Community (CARICOM) • Caribbean Development Bank (CDB) • Caribbean Regional Technical Assistance Centre (CARTAC) • Center for Latin American Monetary Studies (CEMLA) • Center for Marketing Information and Advisory Services for Fishery Products -
Development of Payment and Settlement System
CHAPTER 7 Development of Payment and Settlement System Khin Thida Maw This chapter should be cited as: Khin Thida Maw, 2012. “Development of Payment and Settlement System.” In Economic Reforms in Myanmar: Pathways and Prospects, edited by Hank Lim and Yasuhiro Yamada, BRC Research Report No.10, Bangkok Research Center, IDE- JETRO, Bangkok, Thailand. Chapter 7 Development of Payment and Settlement System Khin Thida Maw ______________________________________________________________________ Abstract The new government of Myanmar has proved its intention to have good relations with the international community. Being a member of ASEAN, Myanmar has to prepare the requisite measures to assist in the establishment of the ASEAN Economic Community in 2015. However, the legacy of the socialist era and the tight control on the banking system spurred people on to cash rather than the banking system for daily payment. The level of Myanmar’s banking sector development is further behind the standards of other regional banks. This paper utilizes a descriptive approach as it aims to provide the reader with an understanding of the current payment and settlement system of Myanmar’s financial sector and to recommend some policy issues for consideration. Section 1 introduces general background to the subject matter. Section 2 explains the existing domestic and international payment and settlement systems in use by Myanmar. Section 3 provides description of how the information has been collected and analyzed. Section 4 describes recent banking sector developments and points for further consideration relating to payment and settlement system. And Section 5 concludes with the suggestions and recommendation. ______________________________________________________________________ 1. Introduction Practically speaking, Myanmar’s economy was cash-based due to the prolonged decline of the banking system after nationalization beginning in the early 1960s. -
6,080.09 6,004.11 PRICE INDICES All Share Price Index (ASPI) Today
1 06-11-2020 PRICE INDICES Today Prv.Day Intra day trading of ASPI ñ, o¾Yl / tpiyr;Rl;bfs; wo mQ¾j Èk Èkh ;=< ish¨ fldgia ñ, o¾Ylh ,d;W Kd;dh; midj;Jg; gq;F tpiyr;Rl;bapd; Fwpj;j jpdtpahghuk; All Share Price Index (ASPI) 6,080.09 6,004.11 ish¨ fldgia ñ, o¾Ylh midj;J gq;F tpiyr;Rl;b S&P Sri Lanka 20 Index 2,370.30 2,347.40 S&P Y%S ,xld 20 ñ, o¾Ylh S&P =yq;fh 20 tpiyr;Rl;b TOTAL RETURN INDICES iuia; m%;s,dN o¾Yl /nkhj;j tUtha; Rl;bfs; TRI on All Share (ASTRI) 8,145.85 8,044.05 ish¨ fldgia uq¿ m%;s,dN o¾Ylh midj;Jg; gq;Fr;Rl;b kPjhd nkhj;j tUtha; TRI on S&P Sri Lanka 20 Index 3,873.47 3,836.04 S&P Y%S ,xld 20 uq¿ m%;s,dN o¾Ylh S&P =yq;fh 20 kPjhd nkhj;j tUtha; TOTAL TURNOVER (Rs.) iuia; msßjegqu / nkhj;j Gus;T Equity 4,991,919,692 fldgia / chpikg;gq;F Closed End Funds 0 wdjD;a;dka; wruqo,a / %ba epjpaq;fs;; Top 10 Contributors to the change of ASPI Corporate Debt 0 ish¨ fldgia ñ, o¾Ylfha fjkia ùu i|yd by<u odhl;ajh oelajQ iq/l=ïm;a 10 idx.ñl Kh /jdpahh;Jiw fld;fs; midj;Jg; gq;F tpiyr;Rl;bapd; mirtpw;F gq;fspg;G toq;fpa Kjy; 10 gpizaq;fs; Government Debt 0 rdcH Kh / murJiw fld;fs; MARKET CAPITALIZATION (Rs.) fjf<|fmd< m%d.aOkSlrKh / re;ij Kjyhf;fk; As at Today Last Month YTD Change % wo Èkg mQ¾j udifha§ fjkia ùu ] ,d;W fle;j khjk; Mz;Lf;fhd mirT % 2,649,307,531,398 2,494,263,297,621 (7.08) EQUITY FUNDS fldgia/ cupikg;gq;F wruqo,a / epjpaq;fs; Value of Turnover (Rs.) 4,991,919,692 0 msßjegqfï jákdlu / Gus;tpd; ngWkjp Domestic Purchases 4,897,602,550 0 foaYSh ñ, § .ekSï cs;ehl;L nfhs;tdTfs; Domestic Sales 4,746,573,937 0 foaYSh úlsKqï/ cs;ehl;L -
List of Acronyms
List of Acronyms ACU Asian Clearing Union CPI Consumer Price Index AD Aggregate Demand CRB Cooperative Rural Bank ADB Asian Development Bank CRIB Credit Information Bureau AFP Avian Flu Pendemic CSE Colombo Stock Exchange ALR Academy of Labour Relations CSI Container Security Initiative APCPI Anuradhapura District Consumers' Price Index CTC Cut, Tear and Curl APSES Annual Public Sector Employment Survey CV Coefficient of Variation ASPI All Share Price Index CWDCS Country Wide Data Collection System ATM Automated Teller Machine DAPH Department of Animal Production and Health AWDR Average Weighted Deposit Rate DC Desiccated Coconut AWLR Average Weighted Lending Rate DCS Department of Census and Statistics AWPR Average Weighted Prime Lending Rate DEA Department of Export Agriculture BCP Business Continuity Plan DFCC Development Finance Corporation of Ceylon BIA B andaranaike Internati onal Ai rporl DOA Department of Agriculture BIMST-EC Bay of Bengal Initiative for Multi Sector DOP Department of Posts Technical and Economic Co-operation DRS Disaster Recovery Site BIS Bank for International Settlement DTET Department of Technical Education and BOC Bank of Ceylon Training BOI Board of Investment EDB Export Development Board BOP Balance of Payments EFTPOS Electronic Fund Transfer Facilities at the Point BPO Business Process Outsourcine of Sale bps Basis Points EPF Employees' Provident Fund BRAWA Budgetary Relief Allowance of Workers Act ESC Economic Service Charge BRP Business Restructuring Plan ETF Employees' Trust Fund CALPERS California -
Introduction Establishment
ACU 1974 INTRODUCTION OBJECTIVES Secretary General settlement periods by a decision taken by unanimous vote of all of the Directors. Asian Clearing Union (ACU) is the simplest form of • To provide a facility to settle payments, on a multilateral The Board is authorized to appoint a Secretary General payment arrangements whereby the participants settle basis, for current international transactions among for a term of three years. The Secretary General may Interest payments for intra-regional transactions among the the territories of participants; be reappointed and shall cease to hold office when the Interest shall be paid by net debtors and transferred to participating central banks on a multilateral basis. The Board so decides. • To promote the use of participants’ currencies net creditors on daily outstandings between settlement main objectives of a clearing union are to facilitate in current transactions between their respective Agent dates. The rate of interest applicable for a settlement payments among member countries for eligible territories and thereby effect economies in the use period will be the closing rate on the first working day transactions, thereby economizing on the use of foreign The Board of Directors may make arrangements with of the participants’ exchange reserves; of the last week of the previous calendar month offered exchange reserves and transfer costs, as well as a central bank or monetary authority of a participant by the Bank for International Settlements (BIS) for one promoting trade among the participating countries. The • To promote monetary cooperation among the to provide the necessary services and facilities for the month US dollar and Euro deposits. -
7558.28 7458.27 PRICE INDICES All Share Price Index
1 12-04-2021 PRICE INDICES Today Prv.Day Intra day trading of ASPI ñ, o¾Yl / tpiyr;Rl;bfs; wo mQ¾j Èk Èkh ;=< ish¨ fldgia ñ, o¾Ylh ,d;W Kd;dh; midj;Jg; gq;F tpiyr;Rl;bapd; Fwpj;j jpdtpahghuk; All Share Price Index (ASPI) 7,558.28 7,458.27 ish¨ fldgia ñ, o¾Ylh midj;J gq;F tpiyr;Rl;b S&P Sri Lanka 20 Index 3,064.65 3,020.57 S&P Y%S ,xld 20 ñ, o¾Ylh S&P =yq;fh 20 tpiyr;Rl;b TOTAL RETURN INDICES iuia; m%;s,dN o¾Yl /nkhj;j tUtha; Rl;bfs; TRI on All Share (ASTRI) 10,137.63 10,003.38 ish¨ fldgia uq¿ m%;s,dN o¾Ylh midj;Jg; gq;Fr;Rl;b kPjhd nkhj;j tUtha; TRI on S&P Sri Lanka 20 Index 5,147.24 5,073.21 S&P Y%S ,xld 20 uq¿ m%;s,dN o¾Ylh S&P =yq;fh 20 kPjhd nkhj;j tUtha; TOTAL TURNOVER (Rs.) iuia; msßjegqu / nkhj;j Gus;T Equity 3,514,086,420 fldgia / chpikg;gq;F Closed End Funds 0 wdjD;a;dka; wruqo,a / %ba epjpaq;fs;; Top 10 Contributors to the change of ASPI Corporate Debt 0 ish¨ fldgia ñ, o¾Ylfha fjkia ùu i|yd by<u odhl;ajh oelajQ iq/l=ïm;a 10 idx.ñl Kh /jdpahh;Jiw fld;fs; midj;Jg; gq;F tpiyr;Rl;bapd; mirtpw;F gq;fspg;G toq;fpa Kjy; 10 gpizaq;fs; Government Debt 0 rdcH Kh / murJiw fld;fs; MARKET CAPITALIZATION (Rs.) fjf<|fmd< m%d.aOkSlrKh / re;ij Kjyhf;fk; As at Today Last Month YTD Change % wo Èkg mQ¾j udifha§ fjkia ùu ] ,d;W fle;j khjk; Mz;Lf;fhd mirT % 3,310,416,464,047 3,111,259,455,576 11.81 EQUITY FUNDS fldgia/ cupikg;gq;F wruqo,a / epjpaq;fs; Value of Turnover (Rs.) 3,514,086,420 0 msßjegqfï jákdlu / Gus;tpd; ngWkjp Domestic Purchases 3,482,375,876 0 foaYSh ñ, § .ekSï cs;ehl;L nfhs;tdTfs; Domestic Sales 2,975,123,654 0 foaYSh úlsKqï/ cs;ehl;L -
Toward a More Universal Currency: the Impact of the Clearing Mechanism on Developing Economies
State University of New York College at Buffalo - Buffalo State College Digital Commons at Buffalo State Applied Economics Theses Economics and Finance 5-2019 Toward a More Universal Currency: The mpI act of the Clearing Mechanism on Developing Economies Evan Ross Kaderbeck State University of New York College at Buffalo - Buffalo State College, [email protected] Advisor Dr. Ted Schmidt First Reader Dr. Ted Schmidt Second Reader Dr. Frederick Floss Third Reader Dr. Joelle LeClaire Department Chair Dr. Frederick Floss To learn more about the Economics and Finance Department and its educational programs, research, and resources, go to https://economics.buffalostate.edu/. Recommended Citation Kaderbeck, Evan Ross, "Toward a More Universal Currency: The mpI act of the Clearing Mechanism on Developing Economies" (2019). Applied Economics Theses. 40. https://digitalcommons.buffalostate.edu/economics_theses/40 Follow this and additional works at: https://digitalcommons.buffalostate.edu/economics_theses Part of the Finance Commons, and the International Economics Commons Toward a More Universal Currency: The Impact of the Clearing Mechanism on Developing Economies by Evan Kaderbeck An Abstract of a Thesis in Applied Economics Submitted in Partial Fulfillment Of the Requirements For the Degree of Master of Arts May 2019 Buffalo State College State University of New York Department of Economics and Finance ii ABSTRACT OF THESIS Toward a More Universal Currency: The Impact of the Clearing Mechanism on Developing Economies As part of a broader plan to reform the system of international finance, experts have indicated the need to modify the system of international money. They point to problems such as the difficulties faced by developing countries in obtaining hard currency needed for imports, or the flows of hot money which make the financing of long-term development projects difficult. -
“Stock Prices and Exchange Rates in Sri Lanka: Some Empirical Evidence”
“Stock prices and exchange rates in Sri Lanka: some empirical evidence” AUTHORS Guneratne B. Wickremasinghe Guneratne B. Wickremasinghe (2012). Stock prices and exchange rates in Sri ARTICLE INFO Lanka: some empirical evidence. Investment Management and Financial Innovations, 9(4) RELEASED ON Friday, 14 December 2012 JOURNAL "Investment Management and Financial Innovations" FOUNDER LLC “Consulting Publishing Company “Business Perspectives” NUMBER OF REFERENCES NUMBER OF FIGURES NUMBER OF TABLES 0 0 0 © The author(s) 2021. This publication is an open access article. businessperspectives.org Investment Management and Financial Innovations, Volume 9, Issue 4, 2012 Guneratne B. Wickremasinghe (Australia) Stock prices and exchange rates in Sri Lanka: some empirical evidence Abstract This paper examines the relationship between stock prices and exchange rates in Sri Lanka. The author uses monthly data on four foreign exchange rates and the All Share Price Index (ASPI) of the Colombo Stock Exchange in the em- pirical analysis. The Johansen’s cointegration test finds no long-run relationships between stock prices (ASPI) and any of the four exchange rates during the sample period. Therefore, the paper proceeded to test for short-run in-sample causal relationships between stock prices and exchange rates and found one unidirectional relationship from stock prices to the US dollar exchange rate. In addition, the author performed a variance decomposition analysis to get in- sights into the out-of-sample causal relationships between exchange rates and stock prices. The results indicate that most of the variance of the ASPI, particularly, at longer horizons is explained by the Indian rupee with the other cur- rencies explaining a very little variation of the ASPI. -
Duvvuri Subbarao: Currency Wars, Rural Development, Rising House Prices and the Deepening of Capital Markets
Duvvuri Subbarao: Currency wars, rural development, rising house prices and the deepening of capital markets Interview with Mr Duvvuri Subbarao, Governor of the Reserve Bank of India, published on ft.com/beyondbrics on 18 November 2010. * * * Currency wars and capital flows Rupee strength beyondbrics reader: Why is the RBI opposed to rupee appreciation? With billions of people, an increase in purchasing power enabled by a strong rupee could do wonders, rather than surrendering to handful of export industries. Since poverty is a serious problem in India, don’t you think a stronger rupee could help them? Duvvuri Subbarao: RBI is not opposed to appreciation or depreciation of the rupee. What RBI is typically concerned about is volatile movements in the exchange rate. Both large depreciation and appreciation could have significant costs, particularly in terms of inflation (with depreciation) and loss of external competitiveness (with appreciation). This is all the more so if appreciation, as in recent times, is due to volatile capital flows. The argument that a stronger currency has an anti-poverty impact by softening inflation is quite persuasive. However, the beneficial impact depends on the extent [to which] the exchange rate [passes] through to prices. Empirical research shows that, in the Indian context, the pass through is quite low – in the range of 0.4–0.9 per cent. Our exchange rate policy is not guided by a target or a band. Our policy has been to intervene in the market only to manage excessive volatility and prevent disruptions to the macroeconomic situation. QE2’s impact on India beyondbrics reader: How will the new US round of quantitative easing (QE2) affect India? Would you welcome it as a good source of cheap money to finance the infrastructure investments that India badly needs? DS: India needs to raise its investment by a quantum step if it has to realize its aspiration of a double digit growth. -
Regional Integration and Liberal Economic Order in SAARC: a Case Study of Trade Relations Between Pakistan and India Under SAFTA Regime (1997-2015)
Regional Integration and Liberal Economic order in SAARC: A Case Study of Trade Relations between Pakistan and India under SAFTA Regime (1997-2015) Sarfraz Batool Ph.D. (Political Science) Roll No. 04 Session: 2013-2018 Supervisor Prof. Dr. UMBREEN JAVAID Department of Political Science University of the Punjab Lahore. i Regional Integration and Liberal Economic order in SAARC: A Case Study of Trade Relations between Pakistan and India under SAFTA Regime (1997-2015) This thesis is submitted in Partial fulfilment of Ph.D. in Political Science, University of the Punjab, Lahore. Session 2013 – 2018 Supervisor Prof. Dr. Umbreen Javaid Chairperson Department of Political Science Submitted by Sarfraz Batool Ph.D. (Political Science) Roll No. 04 Session: 2013-2018 ii DEDICATION I dedicate my thesis to my loving mother and caring husband, without their support and encouragement I could not have completed this thesis. I also dedicate this work to the golden memories of my late father. May his soul rest in peace forever. Ameen iii DECLARATION I hereby declare that this thesis is the result of my individual research and I have not submitted this thesis concurrently to any other University or Institute for any other degree whatsoever Sarfraz Batool iv Certificate of Approval It is certified that this Ph.D. Thesis submitted by Sarfraz Batool on the topic of ―Regional Integration and Liberal Economic order in SAARC: A Case Study of Trade Relations between Pakistan and India under SAFTA Regime (1997-2015)” is an original work and result of her own efforts. In assessment of the ‗Examining Committee‘, this thesis is of sufficient standard to warrant the acceptance by the Department of Political Science, University of the Punjab, Lahore for the award of Ph.D. -
RIS BIBLIOGRAPHY on SOUTH-SOUTH COOPERATION
NeST fodkl'khy ns'kksa dh vuqla/ku ,oa lwpuk iz.kkyh Network of Southern Think-Tanks Hkkjrh; fodkl lg;ksx eap fons'k ea=kky; la;qDr jk"Vª Hkkjr ljdkj RIS BIBLIOGRAPHY on SOUTH-SOUTH COOPERATION fodkl'khy ns'kksa dh vuqla/ku ,oa lwpuk iz.kkyh South - South Cooperation Select Bibliography* 2016 * On-going work: by no means exhaustive. ACKNOWLEDGEMENTS In the RIS Bibliography on South-South Cooperation, we have compiled selected books/ documents and research articles on five selected broad sectors viz. Broad Themes, Trade and Investment, Sectoral Studies, Technology and Technology Transfer and Miscellaneous. It is a result of collective efforts made by a research team led by Dr. Beena Pandey. A special mention must be made of the core support provided by Ms. Kashika Arora, Ms. Akanksha Batra, Mr. Pratyush, Mr. Divya Prakash, and Mrs. Jyoti and Mrs. Sushila from the RIS Library. Contents I Broad Themes II Trade and Investment III Sectoral Studies IV Technology and Technology Transfer V Miscellaneous I Broad Themes Abbasi, M. 2012. “Sustainable Practices in Pakistani Manufacturing Supply Chains: Motives, Sharing Mechanism and Performance Outcome”. Journal of Quality and Technology Management. 8 (2). 51–74. Abdenur, Adriana Erthal, and João Moura Estevão Marques Da Fonseca. 2013. "The North’s growing role in South–South cooperation: Keeping the Foothold”. Third World Quarterly. 34 (8). Abduraxmonovich, Abdurahim Okunov. 2003. “Economic Cooperation between India and Central Asian Republics with Special Reference to Uzbekistan”. RIS Discussion Paper, No.53. RIS, New Delhi. 23p. Abe, M. 2013. Expansion of Global Value Chains in Asian Developing Countries: Automotive Case Study in the Mekong Subregion. -
List of Acronyms
List of Acronyms ACU Asian Clearing Union CDIS Co-ordinated Direct Investment Survey ADB Asian Development Bank CDS Credit Demand Survey AOD Academy of Design CE Compensation of Employees APPFs Approved Pension and Provident Funds CEA Central Environmental Authority APREA Asia Pacific Real Estate Association CEB Ceylon Electricity Board APTA Asia-Pacific Trade Agreement CEFTS Common Electronic Fund Transfer Switch ARF Agency Results Framework CEMD Confidential Enquiries into Maternal Deaths ASI Annual Survey of Industries CEO Chief Executive Officer ASPI All Share Price Index CEP Central Expressway Project ATMs Automated Teller Machines CEPAs Comprehensive Economic Partnership Agreements ATI Advanced Technological Institutions CFC Consumption of Fixed Capital ATM Average Time to Maturity CFC Ceylon Fisheries Corporation ATMs Advanced Traffic Management System CGSPA Credit Guarantee Scheme for Pawning Advances ATPF Asian Trade Promotion Forum CHOGM Commonwealth Heads of Government Meeting ATS Automated Trading System CICT Colombo International Container Terminal AWCMR Average Weighted Call Money Rate CIF Cost, Insurance and Freight AWDR Average Weighted Deposit Rate CINEC Colombo International Nautical and Engineering AWFDR Average Weighted Fixed Deposit Rate College AWLR Average Weighted Lending Rate CIS Commonwealth of Independent States AWNDR Average Weighted New Deposit Rate CIT Cheque Imaging and Truncation AWNLR Average Weighted New Lending Rate CKAH Colombo-Kandy Alternate Highway AWPR Average Weighted Prime Lending Rate CKDu Chronic