Search
Now showing items 1-2 of 2
Badla trading: a primer and a proposal
(2010-03-31)
This paper explains the mechanics of badla trading and settlement. It reviews badla transactions, fixation of havala rates and margins, the market process of determining the badla rates, and payment procedures. The accounting ...
The badla system revisited
(2009-12-12)
This paper is an attempt to examine the issues underlying the current debate about reintroducing the badla system. The differences between badla system on one hand and options and futures markets on the other are highlighted. ...