While on the subject of foreign investment, it is important to note about the proposed revamping of the regulatory framework for Depository Receipts. Depository Receipts are essentially instruments to address the home-country bias of international investing communities and over the years has proved a useful tool for Indian companies to raise capital abroad.
Mr. Tietmeyer discusses the benefits, opportunities and pitfalls of financial and monetary integration Address by the President of the Deutsche Bundesbank, Prof. Hans Tietmeyer, at the 1998 Mais Lecture at the City University Business School, in London, on 18/5/98. First of all, I wish to thank you very much for your kind invitation.