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The paper examines stock market behaviour on days preceding and succeeding the announcement of a change in the monetary policy stance. Market's plausible reactions are tested using nonparametric statistics. The tests reveals that there is no systematic pattern in its reaction, neither towards...
Persistent link: https://www.econbiz.de/10008548824
aftermath of the Southeast Asian crisis, the limitation of the liberal capital regime for a developing country like India is … often highlighted in the literature. However, the probable impact of introducing KAC on CAB in India generally is discussed … theoretically. Though some of the existing studies in India have earlier focused on this research question, they have done so by …
Persistent link: https://www.econbiz.de/10014194754
The purpose of this paper is to examine the progress in socioeconomic conditions across the major states of India by …
Persistent link: https://www.econbiz.de/10014154852
In recent years there has been a rapid and sustained growth of the service sector in the Indian economy. But unfortunately, while the importance of the services is growing statistical data and other relevant information of the services are abysmally low. There are problems relating to the...
Persistent link: https://www.econbiz.de/10014187326
The Black Scholes Model (BSM) is one of the most important concepts in modern financial theory both in terms of approach and applicability. The BSM is considered the standard model for valuing options; a model of price variation over time of financial instruments such as stocks that can, among...
Persistent link: https://www.econbiz.de/10011211858
The purpose of this paper is to investigate the volatility impacts of the suspension of a call auction system by the … National Stock Exchange of India (NSE) in June 1999, thus extending prior empirical work relating to this area. The realised … volatility on NSE is compared with that of the Bombay Stock Exchange using two volatility proxies: modulus of log returns and …
Persistent link: https://www.econbiz.de/10011211859
of bankruptcies. In this framework, we find that stock market volatility may damage the real economy if the stock market … is too relevant. In particular, an increase of volatility worsens the economic performance through the stock market …
Persistent link: https://www.econbiz.de/10011253063
This paper explores the influence of the foreign exchange rates variation on the returns and volatility of the stock … influenced not only the stock returns but also their volatility. However, between March 2010 and December 2012 the impact of the … exchange rates variation on the returns and volatility of the stock prices depended on the factors such as the foreign capitals …
Persistent link: https://www.econbiz.de/10011258604
volatility of the interbank interest rates, especially after September 2008. Banking institutions from the Euro zone have avoided … the volatility. We also examine the long run equilibrium between the term structures of interest rates appealing at the … money markets from Euro zone, Bulgaria, Czech Republic, Hungary, Poland and Romania and propose some volatility transmission …
Persistent link: https://www.econbiz.de/10011258912
The 1998 failure of Long-Term Capital Management (‘LTCM’), a very large and prominent Greenwich, Connecticut based hedge fund, is said to have nearly brought down the world financial system. Over the years, few financial debacles such as LTCM, have been so often written about or discussed...
Persistent link: https://www.econbiz.de/10011258944