Background: Movement in macro economic variables like, gross domestic product (GDP), price, interest rates and exchange rates, affect corporate earnings. While part of this movement is because of government and central bank’s policy decision; the rest however is market determined. For instance, a cyclical upturn is likely to attract foreign exchange inflow, which in turn will affect earnings of the corporate with considerable foreign exposure. Therefore, understanding relation between commodity, money and foreign exchange market, is essential not only to formulate policy at the macro/national level but also to evolve business strategy at a micro level.
Objectives: This is a two day programme and will be organized by IFMR. The objective will be primarily two fold. First is to understand demand management policies, that is, fiscal and monetary policies; the importance of these policies in sustaining GDP growth; and the impact of these policies on corporate earnings. Second is to understand how corporate managers can minimize their loss function when exposed to any specific business environment. At the end of the program participants will be able to understand concepts relating to demand management policies; rationale behind demand management policies; how interest rates are determined; how foreign exchange rates are determined; how foreign exchange market works; strategies like, interest rates swap, options and futures; bond markets and yield curve. Understanding these concepts will be a useful tool for the business managers who are involves with important policy decisions.
Target audience: Economists, senior managers working in the corporate planning department, bankers, equity analysts, merchant bankers and researchers.
Date: JUNE 26-27, 2008
Venue: IFMR Chennai
Fee: Rs. 10000/-(Non-residential)
Course Co-ordinator: Prof. Nilanjan Banik
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