TAILIEUCHUNG - Interest Rate Volatility and Risk in Indian Banking

The store of value function is redundant in a time-0 auction and any durable asset dominates money in sequential trading versions of the auction. Strictly speaking the unit of account function is also not required but obviously selecting a numeraire would reduce the computations required even for the time-0 auction. The point is simply that given the computing power underlying the auction the unit of account function is not a necessary feature of the economy. Any commodity can act as the unit of account even one with no physical existence, but jam is as good a numeraire as any –the. | Interest Rate Volatility and Risk in Indian Banking lla Patnaik and Ajay Shah INTERNATIONAL MONETARY FUND 2004 International Monetary Fund WP 04 17 IMF Working Paper IMF Institute Interest Rate Volatility and Risk in Indian Banking Prepared by Ila Patnaik and Ajay Shah1 Authorized for distribution by Saleh M. Nsouli January 2004 Abstract This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author s and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author s and are published to elicit comments and to further debate. The easing of controls on interest rates has led to higher interest rate volatility in India. Hence there is a need to measure and monitor the interest rate exposure of Indian banks. Using publicly available information this paper attempts to assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to interest rates. JEL Classification Numbers G2 G1 Keywords Interest volatility risk Indian banks Authors E-Mail Addresses ila@ ajayshah@ 1Indian Council for Research on International Economic Relations and Indian Ministry of Finance respectively. Part of this paper was written while Ila Patnaik was visiting the IMF as a Global Development Network GDN Scholar. We are grateful to the Center for Monitoring Indian Economy CMIE and the National Stock Exchange NSE for providing the data used in this paper. We benefited from discussions with Meghana Baji Ralph Chami Rajendra P. Chitale David Cowen Anne Epaulard Nachiket Mor Jammi Rao . Reddy Arvind Sethi and Sunil Sharma. The usual disclaimer applies. - 2 - Contents Page I. II. A. Gap B. Sensitivity Analysis of the Market Value of Equity MVE .7 C. D. Value at E. Issues in Estimating Interest Rate Risk Exposure of .

• Ngân hàng - Tín dụng
• Plant Science
• Determination
• Chemical Composition
• Volatile Oils
• Superheated Water
• Extraction
• Life science How Plants Grow and Change
• Plant Features
• Plant Parts
• Plant Reproduction
• Flowering Plant
• New Plants from Plant Parts
• Structured plant observations
• Multi organ plant identification
• Mobile app
• Citizen science
• Digital plant collection
• Digital herbarium
• Agricultural science
• Plant growth promoting rhizobacteria
• Maize plants under greenhouse conditions
• Plant inoculation
• Plant biomass production
• Varieties of canola plant
• Brassica napus L
• Newly reclaimed desert to plant growth promoting rhizobacteria
• Mineral nitrogen fertilizer
• Nitrogen fertilization
• Plant growth promoting bacteria
• The roots of potato plant
• Phosphate solubilization
• Acromobacter sp
• Plant breeding and biotechnology
• Plant breeding and biotechnology: Societal context and the future of agriculture
• The science of plant breeding
• Modern high tech breeding
• The agbiotech paradigm
• The future of transgenic crops
• Global crop production
• Rebalancing plant science research
• Market based public sector paradigm
• Re entering the marketplace
• Thesis abstract Computer science
• Multi organ based
• Plant species identification
• Medicinal plants
• Large intra class variation
• Journal of Science and Technology
• Phenyl derivatives from the leaves
• The vietnamese plant antidesma hainanensis
• Plant antidesma hainanensis
• Institute of Marine Biochemistry
• PTP1b inhibitory consistuents
• Vietnamese medicinal plant selaginella tamariscina
• Medicinal plant selaginella tamariscina
• Protein tyrosine phosphatase 1B
• Sludge in wastewater treatment plant for energy recovery
• Sludge in wastewater treatment plant
• Centrifugal dewatering of sludge required
• Anaerobic digestion implementation
• Effect of temperature on microstructure
• Mechanical properties of superheater steel pipe
• Thermal power plant
• Superheater steel pipe
• Vietnam Journal of Science and Technology
• Suitable plant species for wastewater treatment by constructed wetland
• The formosa Ha Tinh steel company
• Suitable plant species
• Nuclear science and engineering
• Thin plate type embedded ultrasonic transducer
• Magnetostriction for the thickness monitoring
• The secondary piping system of a nuclear power plant
• Nuclear power plant
• Secondary Piping System
• Shear Horizontal Wave
• Plant Biology
• Plant science literature
• IBM Watson
• Text mining
• Relationship extraction
• Knowledge networks
• Comparative efficacy of some bioagents
• Plant aqueous extracts
• Controlling Meloidogyne incognita
• Yield of grapevines
• Regulators on the nutrients content
• Maize plant under salinity conditions
• Plant growth regulators
• Gibberellic acid GA3
• Forming plant growth promoting rhizobacteria
• Salinity tolerance in barley
• Bacillus amyloliquifaciens
• VNU Journal of Science
• Medicinal plant diversity
• Cham Chu nature reserve area
• Tuyen Quang province
• The medicinal plant
• fertilization techniques
• agricultural materials
• science and technology
• agriculture
• forestry and fisheries
• plant engineering
• Aspects of Plant
• Drought in Annual
• Crop Species
• Plant Heavy
• Metal Interaction
• Water Relations
• Improvement of soil quality
• Prevention of plant diseases
• Yield increase of black pepper
• Bio organic product POLYFA TN3
• Screening of salt tolerant bacteria
• Plant growth promotion activities
• Rice blast and sheath blight disease
• Magnaporthe sp
• BP3
• Nanosilica from rice husk
• The growth enhancement of chili plant
• Capsicum frutescens L
• The growth of the chili plants
• Ca Mau fertilizer plant
• Fresh cooling water system
• Praseodymium 4 hydroxycinnamate
• The effect of Pr