The study analyses Granger-causality between interest rate (IR) and share prices (SP) for India by using monthly data covering the period of 1990M1 to 2009M3. The time-frequency relationship between IR and SP was decomposed through continuous wavelet approach for the first time in the study. We...

We have analyzed the short term and long term linkages between the sectoral indexes of Bombay Stock Exchange in India by using the daily data on nine sectoral indexes for the period 23rd August 2004 to 31st June 2010. After confirming the same order of integration of the study variables from the...

Northeastern region of India is basically a developing region contributing 2.54% of the country’s GDP. The factors that comprises of the state gross domestic product (SGDP) are agricultural, allied activities, manufacturing, industry and services. The basic objective of the paper is to find...

This study examines the linkage between fiscal deficit and inflation in India. The main objective of this study is to examine the factors that are responsible for increasing fiscal deficit in India, by taking into account all factors that can affect the status of fiscal deficit. The study finds...

This paper tests the weak form of stock market efficiency using data on eight sectoral indices from the Bombay Stock Exchange (BSE, India). The aim is to examine if portfolio diversification strategy can be used by investors to make financial gains. For this purpose we implement the Breitung’s...

We examine the use of the random walk hypothesis on the BRICS stock indices. Our examination of the stock indices uses a recently developed wavelet-based unit root test by Fan and Gençay (2010) along with a battery of unit root tests. We also examine the sensitivity of the wavelet-based unit...

We study the inflation-industrial growth nexus in India using the methodology of wavelets. More specifically, cross wavelet power spectrum, cross wavelet coherency, and wavelet phase angle, tools of Continuous Wavelet Transform are used to unravel time and frequency dependent relationships...

ABSTRACT:The present paper analyses the relationship between the volume of transactions with futuresequity index products and the return volatility of their underlying assets. The study addressesthe case of five stock markets, members of the Euronext.liffe. We employ a frequency domainanalysis...

The literature on the relationship between export and growth is inconsistent in its conclusions regarding the direction of causality. Most recent contributions argue that inconclusive results among studies are likely to be related to the instability of causal relationships over time or over...