Notes on London Inter Bank Bid Rate (LIBID)

By | May 28, 2017

London Inter-Bank Bid Rate (LIBID) is the rate bid by banks on Eurocurrency deposits. This is a kind of international rate that banks lend to other banks.It is calculated as one eight percentage point lower than the London Inter-Bank Offered Rate (LIBOR). It is also described as the main interest rate at which major banks in The London… Read More »

Notes on London Inter-Bank Offered Rate (LIBOR)

By | May 28, 2017

The London Inter-Bank Offered Rate (LIBOR) is considered as a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market or also known as interbank market. LIBOR is generally higher than the London Interbank Bid Rate (LIBID), the rate at which banks are… Read More »

Weaknesses of Bretton woods Agreement

By | May 26, 2017

The Bretton Woods system of monetary system management created the rules for the commercial and financial relations among the world’s major developing nations. Until the early 1970s, the Bretton Woods system was effective in maintaining the standard or fixed exchange rates for the leading nations that had created it, especially the United Nations. Due to this fixed exchange… Read More »

Notes on Central Warehousing Corporation (CWC)

By | May 24, 2017

Central Warehousing Corporation (CWC) a premier warehousing Agency in India, instituted during  1957 furnishing logistics support to the agricultural sector and is one of the largest public storage warehouse operators in India offering logistics services to a various group of customers. Central Warehousing Corporation (CWC) providing logistics support to the agricultural sphere is one of the largest public… Read More »

Role of World Bank in International Financial Market

By | May 12, 2017

The World Bank Group consists of naturally the World Bank itself and the International Development Association (IDA), the International Finance Corporation and the Multinational Investment Guarantee Agency. Besides the World Bank Group, these are also multinational regional development banks for Latin America, Africa, and Asia. Though these are technically different from World Bank, their functioning is similar to… Read More »

Hecksher Ohlin Samuelson Theory

By | April 26, 2017

The Heckscher-Ohlin-Samuelson (HOS) theorem states that a country which is relatively abundant in labor will have a comparative advantage in the labor-intensive good and the relatively capital abundant country will have a comparative advantage in the capital-intensive good. Thus, it is the factor abundance rather than technology which determines the pattern of trade. The Heckscher-Ohlin theorem predicts the pattern of trade between countries… Read More »

What are the Objectives and Functions of International Monetary Fund (IMF)?

By | March 2, 2017

Objectives of International Monetary Fund (IMF): The first Article of the Fund’s charter laid down six objectives for the International Monetary Fund. These are: To promote international cooperation by providing the machinery for consultation and collaboration by members on international monetary issues. To facilitate the balanced growth of international trade and through this, contribute to high levels of… Read More »

Languages in India

By | January 5, 2017

India is home to 1652 mother tongues. 33 of which are spoken by people numbering over a lakh. Sanskrit is the overarching language in most of the Indian languages. Officially there are 22 recognized languages. English, in fact, is widely spoken and perhaps is the link between North, North-East and South India. In the world, there are 6000… Read More »

Chartering Practices

By | January 3, 2017

When a tramp carrier is engaged, it is said to be under the charter, as one charterer hires either the whole or the bulk of its space. A tramp may be chartered in some ways. Three most important forms of engagement are: Voyage Charter Time Charter Bareboat Charter or Charter by Demise. Let us now discuss them in… Read More »