This paper tests for relationship between Indian GDRs traded in Luxembourg / London and their underlying shares traded in Mumbai at two levels, viz., (a) between the stock prices at two exchanges; and (b) between the volatilities of the stock prices between the two exchanges. The relationship is...

The existence of causation linkage between stock prices and exchange rates is one of the popular debate especially since the beginning of 1990s. The aim of this paper is to investigate the nature of the causal transmission mechanism between foreign exchange and stock markets in 9 transition...

The existence of causation linkage between stock prices and exchange rates is one of the popular debate especially since the beginning of 1990s. The aim of this paper is to investigate the nature of the causal transmission mechanism between foreign exchange and stock markets in 9 transition...

Financial deregulations or financial liberalization can be referred to a variety of changes in the law which allows financial institutions more freedom in how they compete. Whether deregulations are beneficial or harmful to the economy has been widely debated.This paper investigates the effect...

This research project examines how and to what extent the 1997 Asian financial crisis influenced the development of Korean welfare state system. Korea's success in overcoming the Asian financial crisis shows that Korea perceived and reconstructed structural problems very quickly. The national...

The global financial crisis has focused attention to the proper identification, analysis and management of key business risks because inadequate risk assessment has been identified as one of the main factors of a failure or financial difficulties of a large number of organizations worldwide....

Most of the blame for the present Global Financial Crisis (GFC) has been attributed to securitization and CDSs in the years preceding growth of the crisis. On reflection, most of the blame must be “sheeted home” to the former U.S government’s mandate to banks and other financial...