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Subject: Economics

Currency Risk Management

Selected Research Papers

Edited by M.S.V. Prasad, GITAM Institute of Management, India and G. V. Satya Sekhar, Gitam University, India

October 2018 / ISBN: 978-1-62273-443-6
Availability: In stock
140pp. ¦ $31 £24 €27

Currency Risk Management (CRM) is vital for any business engaging in international trade. Fluctuations and uncertainty within currency markets mean that businesses must seek to effectively manage and anticipate potential risks when striking international deals. In a rapidly changing and volatile global business environment, CRM is now more than ever of critical importance. However, what risks should businesses hedge – and how? With so many viable strategies for hedging currency exchange risk, it is crucial that businesses either outsource or have a specialized team to ensure effective and efficient management of currency exchange risks. But how does CRM operate in an emerging market? And what are the key factors that influence the chosen CRM strategies? Organized in association with Indian Bank, GITAM’s national conference on CRM sought to highlight the trends, problems, and prospects of CRM in India. Taken from the conference proceedings, this book presents 9 innovative research papers that consider differing CRM practices. From a comparative study of India and China to an assessment of CRM strategies used by commercial Indian banks, this book offers an invaluable insight into CRM from the perspective of an emerging market. As a whole, this book addresses India’s shift to a market-determined exchange rate regime and the inevitable problems caused the by the high volatility of exchange rates. Aimed at students enrolled in commerce and management courses, this collection of research papers will also be of interest to researchers in international finance.

Law and Economics: Market, Non-market and Network Transactions

Edited by Panta Murali Prasad, Indian Institute of Technology Kanpur, India and Ranita Nagar, Gujarat National Law University, Gandhinagar , India

November 2018 / ISBN: 978-1-62273-452-8
Availability: In stock
232pp. ¦ $57 £47 €50

It is well known that sustainable development practices, technological innovation and good governance play a major role in the accumulation of wealth in a knowledge economy. Hence, the state promotes competition, provides incentives to conserve resources and creates opportunities for citizens to push for innovation and invention. As a result, the formulation of efficient legal rules is essential for protecting intellectual property rights, fully specified contracts and effective ex-ante and ex-post systems. However, can efficient legal rules improve societal well-being by changing the behaviour of individuals and basic social structures and trends? And if so, how can these legal rules be formulated? In their Second International Conference on Law and Economics, the Indian Institute of Technology Kanpur aimed to address the formulation and implementation of efficient legal rules while at the same time working towards a greater dissemination of law and economics-based research. This book is the final outcome of this conference that saw over thirty presentations take place. The twelve carefully selected contributions to this volume cover a broad range of topics within law and economics from engaging with decisions makers to create a process for the routine collection of empirical evidence to perceived gender discrimination and stress among working professionals. This book is not only an important contribution to law and economics scholarship but will also be of great interest to both universities and research institutions working within the field.

Climate Change and Sub-Saharan Africa: The Vulnerability and Adaptation of Food Supply Chain Actors

Edited by John K. M. Kuwornu, Asian Institute of Technology, Thailand

November 2018 / ISBN: 978-1-62273-265-4
Availability: In stock
382pp. ¦ $56 £42 €48

The adverse effects of climate change and climate variability have become some of the biggest environmental and socio-economic challenges for society, and for food supply chain actors, in particular. Serving as a serious inhibitor to the attainment of food security, climate change poses a fundamental threat to the availability, accessibility, stability and utilization of nutritious food and quality drinking water. The threat of this global phenomenon is not only apparent from the difficulties faced by all food supply chain actors, but is also felt acutely by households dependent on semi-subsistence agriculture. As evidenced by numerous studies conducted by the academic community, governmental and non-governmental organisations, climate change and climate variability will have disastrous effects on entire food supply chains across the world. This edited volume looks to address: How vulnerable are food supply chain actors to climate change and climatic variability? What adaptation strategies are they adopting? How is the resilience of food supply chains being supported? Are they being financed and/or supported by international organizations to cope with climate change? And what governmental support are they receiving to help cope with climate change? This book is an essential resource for students, lecturers, researchers, agribusinesses, marketing firms, agricultural institutions, climate change adaptation institutions, policymakers and many others with an interest in agricultural development and the global food industry.

Political Corruption in a World in Transition

Edited by Jonathan Mendilow, Rider University and Éric Phélippeau, Université Paris Nanterre, France

ISBN: 978-1-62273-332-3
Availability: Forthcoming

This book argues that the mainstream definitions of corruption, and the key expectations they embed concerning the relationship between corruption, democracy, and the process of democratization, require reexamination. Even critics, who did not take the stable institutions and legal clarity of veteran democracies as a cure-all, assumed that the process of widening the influence on government decision making and implementation allows non-elites to defend their interests, define the acceptable sources and uses of wealth, and demand government accountability. This had proved correct, especially insofar as ‘petty corruption’ is involved. But the assumption that corruption necessarily involves the evasion of democratic principles and a ‘market approach’ in which the corrupt seek to maximize profit do not exhaust the possible incentives for corruption, the types of behaviors involved (for obvious reasons, the tendency in the literature is to focus on bribery), or the range of situations that ‘permit’ corruption in democracies. In the effort to identify some of the problems that require recognition, and to offer a more exhaustive alternative, the chapters in this book focus on corruption in democratic settings (including NGOs and the United Nations which were largely so far ignored), while focusing mainly on behaviors other than bribery.

Political Routes to Starvation

Why Does Famine Kill?

Bas Dianda

April 2018 / ISBN: 978-1-62273-309-5
Availability: In stock
432pp. ¦ $68 £49 €55

This book seeks to reclassify famine by offering an in-depth look at the phenomenon that continues to affect millions of people across the world every year. Defined as a widespread scarcity of food, Dr. Basilio Dianda argues that the causes of famine cannot be reduced exclusively to a shortfall in agricultural output or to economic dynamics. Instead, an analysis of famine must take into account political and economic factors as well as agricultural, climatologic and demographic data. ‘Political Routes to Starvation’ is the result of an all-encompassing analysis of eighty famines from across the globe. This extensive piece of research demonstrates that there are not only multiple factors at play in the genesis of a food crisis, but also in its evolution to starvation. Dianda contends that in order to fully understand the causes of famine it is necessary to reinstate a hierarchy between foundation and concomitant causes, especially when cross-comparing cases. Importantly, Dianda maintains that only a comprehensive approach to famine can appropriately answer the questions: What is famine? How does famine occur? Why does famine kill?

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