Dealing with interest rate swaps
Apart from traditional ways of measuring and managing interest rate risk, derivatives are used by banks and financial institutions. Put in another way, risks can be managed with debt capacity, payout flexibility, as well as with derivative contracts. Banks participate in the derivative markets, especially because their traditional lending and...
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Challenges to Mahathir — Islamism and regionalism
On May 09, Malaysia's political canvas was redrawn with a single election. By returning the 92-year-old Mahathir Mohamad to the job of prime minister, voters ended 61 years of uninterrupted rule by the United Malays National Organisation (UMNO). Within days, the ousted incumbent, Najib Razak, was under investigation for corruption,...
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India's gradual Pakistan-isation
Conventional wisdom has it that, after the Cold War ended, and particularly as India paradigmatically embraced neo-liberal reforms, it would become the leading global light of both the then-progressing democratic movement and an unfolding neo-liberal order. Of course, it was already the world's largest functional democracy, give or take the...
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