Drinking water being the basic requirements of life plays an integral role in maintaining and promoting public health. To meet the targets of Millennium Development Goals India needs roughly Rs.380 billion. Given pattern of investments, State is making large investment. However, due to lack of...

This paper addresses the important question of what happened to the Indian stock market following financial liberalisation. Considering three stock market indicators, viz., size, liquidity and volatility, and applying two time series trend break techniques of Perron (1989, 1997) on monthly data...

This paper attempts to test the stock market efficienty (in a semi-strong form) by investigating the relationsship between aggregate stock returns and a number of important macro variables including fiscal and monetary policy actions using the VAR methodology. This exercise is carried out using...

This paper applies Autoregressive Conditional Heteroskedasticity (ARCH) methodology to model volatality and its persistence based on daily returns(1992-96) of 30 blue-chip securities traded in Bombay Stock Exchange. The results of the Study show that the variance of returns varies over time and...

Fluctuations in the stock market and in house values over the course of recent years have led to renewed economic policy debate as regards the effects of financial and housing wealth in thedetermination of household consumption patterns. This research assembles a unique matched sample of...

This study examines the issue of whether CRA-related events impact the securityprices of banking institutions involved in mergers. While previous research hasestablished that bank shareholders experience a significant permanent loss of wealth uponthe announcement of a CRA protest, the current...