Recent key challenges highlight the need to revisit Asia's financial development. These include the region's growth slowdown since the global crisis, compounded by a less benign external environment; internal structural challenges, such as population aging; and the maturing of much of the region...

Until the 1980s, there was a general disinclination towards foreign investment or private commercial flows as India's development strategy was focused on self-reliance and import substitution and current account deficits were financed largely through debt flows and official development...

This paper seeks to answer the question: does the stock market work? Is there any link between stock market development and private corporate capital accumulation? It seeks an answer to these questions on the basis of a time-series analysis of Indian data. Our conclusion is in favour of a...

The study aims to empirically examine the transmission of volatility from global stock markets to Indian stock market. The study is based on time series data comprising of daily closing stock market indices from National Stock Exchange (NSE), India and major foreign stock exchange of the three...

Since last decade or so capital market of India has shown tremendous growth among leading emerging and developed capital markets in the world. Indian capital market has been really boosted up after the reforms of early 1990s, which opened the door for the international investments. The market is...

Managing capital flows is the key policy challenge for emerging economies like India in the aftermath of the crisis. In contrast to other emerging markets who are levying capital controls, India's macro-monetary framework is distinguished by significant restrictions that help manage inflows....