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 …

approach, and we perform the cointegration and Granger causality analysis employing the methods of vector error correction …This paper attempts to explore a new dimension of India’s ‘finance-growth-crisis’ nexus. For this end, the summary … specifying the break date through the Bai and Perron (1998; 2003) test. The key findings are: (1) India’s finance-growth nexus is …

implications for the retail investors in India, over the post-liberalization period ranging 1993-2004. The estimations using … emerges from Granger-causality test based on vector error correction model (VECM) further reveals that in the long run, stock …

using a new Granger non-causality test proposed by Toda and Yamamoto (Journal of Econometrics, 66, 225-50, 1995). Among the …

have changed. The results show much stronger causality in countries with developed capital and foreign-exchange markets (i …

of unit roots and cointegration, which is perhaps a novelty for the US Taylor rule. We find that there is a well defined …

: variance bounds test, equity price bubbles test, and cointegration tests. The results from the variance bounds tests show that … West’s two-step test. There is no cointegration between stock prices and dividends from the results of both Engle …-Granger cointegration test and the bounds testing for cointegration. The divergence of stock prices from their fundamental value and no …

cointegration analysis and proposing some Vector Autoregressive models. Finally, we asses the cointegration between the interbank …