NATURE AND SCOPE OF EXCHANGE RATE SYSTEM IN NEPAL
NATURE AND SCOPE OF EXCHANGE RATE SYSTEM IN NEPAL
- 주제(키워드) Nepal+Exchange+Trade
- 주제(KDC) 326
- 주제(DDC) 382
- 발행기관 아주대학교
- 지도교수 김철환
- 발행년도 2007
- 학위수여년월 2007. 8
- 학위명 석사
- 학과 및 전공 국제대학원 국제통상학과
- 본문언어 영어
초록/요약
This thesis analyses the exchange rate system of Nepal with an emphasis on Nepal’s trade. It explores the existing fixed exchange rate system and the pros and cons of it. Nepal has been facing trade deficit from history till date and the government has tried different policies but all of them failed to correct it. This study identifies the exchange rate change (currency devaluation) as the best solution to the problem.
more목차
CHAPTER 1 1
1.1 INTRODUCTION 1
1.2 STATEMENT OF PROBLEM 3
1.3 AIM AND OBJECTIVES 3
1.4 METHODOLOGY 4
1.5 DATA SOURCE 4
1.6 STRUCTURE OF THE THESIS 5
CHAPTER 2 6
2.1 EXCHANGE RATE SYSTEM: A REVIEW 6
2.2 FIXED EXCHANGE RATE SYSTEM 6
2.3.1 Advantages of a Fixed Exchange Rate 7
2.3.2 Disadvantages of the Fixed Exchange Rate 10
2.4 FLOATING EXCHANGE RATE SYSTEM 12
2.3.1 Advantages of Floating Exchange Rate System 13
2.3.2 Disadvantages of floating exchange rates 17
2.5 COMBINATIONS OF FIXED AND FLOATING EXCHANGE RATES 18
CHAPTER 3 21
3.1 EVOLUTION OF BANKING IN NEPAL AND THE CENTRAL BANK OF NEPAL (NEPAL RASTRA BANK) 21
3.2 NEPAL’S EXCHANGE RATE HISTORY 23
3.2.1 Foreign Exchange Arrangements Nepal adopted for Export Promotion 24
3.2.1.1 Exporter’s Exchange Entitlement Scheme (1963) 25
3.2.1.2 Dual Exchange Rate System (1978) 25
3.2.1.3 Flexible Exchange Rate System [Currency Basket System] (1983) 26
3.2.1.4 Full Convertibility of the Rupee in the Current Account 26
3.3 NEPAL’S TRADE 27
3.4 FOREIGN EXCHANGE RESERVE OF NEPAL 30
3.5 SUMMARY OF BALANCE OF PAYMENTS IN NEPAL 31
CHAPTER 4 33
4.1 TRADE DEFICIT AND THE CURRENT ACCOUNT OF NEPAL 33
4.2 NEPAL FIXED EXCHANGE RATE SYSTEM WITH INDIA 36
4.3 EXCHANGE RATE AS AN IMPORTANT FACTOR INFLUENCING NEPAL’S TRADE BALANCE 40
4.4 OVERVALUED EXCHANGE RATE AND ADJUSTMENT PROCEDURES 43
CHAPTER 5 46
5.1 DISCUSSION OVER FIXED EXCHANGE RATE SYSTEM IN NEPAL 46
5.2 CONCLUSION AND RECOMMENDATIONS 49
